Press Release

Kirkland Counsels Warwick Capital Partners and GRP Energy Capital in Sale of Mineral and Royalty Interests to Viper

Kirkland & Ellis represented Warwick Capital Partners and GRP Energy Capital in a definitive purchase and sale agreement to sell certain mineral and royalty interests located in various oil and gas basins to Viper Energy Partners LP (NASDAQ:VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG), in exchange for aggregate consideration of approximately $1 billion, consisting of $750 million of cash and 9.02 million Viper common units, subject to customary adjustments. 

The Viper release is available here

The Kirkland team was led by corporate partners Thomas Laughlin and Will Eiland and associates Jonathan Strom and Steve Taylor; capital markets partners Matt Pacey and Noah Allen; tax partners David Wheat and Joe Tobias and associate David Gilbert; and environmental transactions partner Jon Kidwell and associate Max Anderson.