Kirkland Advises IOG Resources on Acquisition and Closing of Delaware Basin Producing Assets from Tier 1 Merced
Kirkland & Ellis counsels IOG Resources, LLC (IOGR) on its decision to acquire producing oil and gas assets in the Delaware Basin from Tier 1 Merced Holdings, LLC. The assets consist of non-operated wellbores primarily located in Eddy and Lea counties, New Mexico. With this acquisition, IOGR adds net production of approximately 3,800 boe/d under top-tier operators including Devon, Conoco, and Marathon.
The Kirkland team was led by corporate partners Rahul Vashi and R.J. Malenfant and associate Braxton Smith; tax partner Joe Tobias; environmental transactions partner Ty’Meka Reeves-Sobers and associate Alex Noll; and debt finance associate Scott Reid.
