Press Release

Kirkland Counsels Civitas on Purchase of Oil Producing Assets for Approximately $2.1 Billion From Vencer

Kirkland & Ellis advised Civitas Resources (NYSE: CIVI) on an agreement with Vencer Energy, a Vitol investment, to acquire oil producing assets in the Midland Basin of west Texas for a total consideration of approximately $2.1 billion, subject to customary terms, conditions, and closing price adjustments. The acquisition is expected to close in January 2024 with an effective date of January 1, 2024.

Read the Civitas press release here

The Kirkland team was led by corporate partners Thomas Laughlin and Lindsey Jaquillard and associate Matt Gibson; debt finance partners Will Bos and Shan Khan; capital markets partners Julian Seiguer, Bryan Flannery and Ieuan List; and tax partners Mark Dundon and Ryan Phelps.