Kirkland Advises Diversified Energy on Acquisition of Canvas Energy
Kirkland & Ellis advised Diversified Energy Company PLC (LSE:DEC; NYSE:DEC) on an agreement to acquire Canvas Energy for total consideration of approximately $550 million. The acquisition adds complementary operated producing properties and acreage positions in Oklahoma, concentrated in Major, Kingfisher and Canadian Counties. Included in the acquisition are approximately 23 high quality wells that have been turned to sales in the last 12 months.
The Kirkland team worked closely with Diversified’s Chief Legal Officer, Ben Sullivan, and Deputy General Counsel, Jamie Adkins, to execute the transaction.
Read Diversified’s press release
The Kirkland team included corporate lawyers John Kaercher, Camille Meissner and Alexandra David; real asset transactions lawyers Chris Heasley and Jonathan Strom; debt finance lawyers Lucas Spivey, Michelle Williamson and Kirby Swartz; tax lawyers David Wheat, Joe Tobias and Brooke Schafer; capital markets lawyers Jennifer Wu and Ieuan List; and technology & IP transactions lawyer Daisy Darvall.
