Press Release

Kirkland Advises Devon Energy on LNG Export Partnership with Delfin Midstream

Kirkland & Ellis is advising Devon Energy Corp. (NYSE: DVN) on its liquefied natural gas (LNG) export partnership with Delfin Midstream, which includes: (1) a long-term tolling agreement providing Devon with 1.0 to 2.0 million tons per annum of liquefaction capacity in Delfin’s first and future floating LNG vessels and; (2) a strategic equity investment by Devon in Delfin Midstream prior to Financial Investment Decision (FID) for the first floating LNG vessel and options for Devon to invest additional equity in Delfin following FID.

 

Read the joint press release

 

The Kirkland team is led by corporate partners Kevin Crews and Tony Johnston, project finance partner Kelann Stirling and energy regulatory partner Marcia Hook; with assistance from tax partner David Wheat; environmental partner Jonathan Kidwell; corporate associates Jessica Berkowitz and Tori Newton; energy regulatory associate Cassidy Hall; and environmental associate Courtney Tibbetts.