Kirkland Advises Avenue Capital and Echo Energy on Sale of Oil and Gas Assets to Brigham Minerals
Kirkland & Ellis counseled Avenue Capital, a global investment firm focused on distressed securities and private equity, and Echo Energy, an Oklahoma City-based independent oil and gas company, on their sale of oil and gas mineral interests to Brigham Minerals, Inc., an Austin-based, publicly traded oil and gas company (NYSE: MNRL), for a combination of cash and shares in MNRL. The transaction is expected to close in Q2 2022.
The Kirkland team was led by corporate partners John Kaercher and Chris Heasley and associates Fraser Wayne and James Murphy; and tax partners David Wheat and Joe Tobias, with support from capital markets partner Matt Pacey.
