Kirkland Advises Permian Resources on Strategic Bolt-On Acquisition of Core Northern Delaware Basin Assets

Kirkland & Ellis advised Permian Resources Corporation (NYSE: PR) on a definitive agreement with APA Corporation (Nasdaq: APA) to purchase approximately 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources’ core New Mexico operating areas for $608 million, subject to customary purchase price adjustments. The transaction is expected to close by the end of the second quarter of 2025.

Read Permian Resources’ press release

The Kirkland team included corporate lawyers Will Eiland, Chad Smith, Matt Gibson, Braxton Smith and Jake Johnson; tax lawyers Mark Dundon and Jacob Walley; and environmental transactions lawyers Jim Dolphin and Courtney Tibbetts.