Press Release

Kirkland Advises Civitas Resources in Acquisition of Bison Oil & Gas II

Kirkland & Ellis advised Civitas Resources, Inc. (NYSE: CIVI), a Colorado energy leader and the state’s first carbon neutral oil & gas producer, in a definitive agreement to acquire Denver-Julesburg Basin operator Bison Oil & Gas II, LLC, for approximately $346 million of consideration consisting of 2.3 million CIVI shares, $45 million in cash and the assumption of approximately $176 million in debt and other liabilities. The transaction is expected to close in the first quarter of 2022.

Read the Civitas press release

The Kirkland team was led by corporate partners Doug Bacon, Joshua Teahen, Anthony Speier, R.J. Malenfant and Julian Seiguer, and capital markets partner Bryan Flannery.