Kirkland Advises Riley Permian on Sale of New Mexico Midstream Project

Kirkland & Ellis advised Riley Exploration Permian, Inc. (NYSE American: REPX), together with its wholly-owned subsidiary, Riley Exploration - Permian, LLC, on a purchase and sale agreement with Targa Northern Delaware LLC, pursuant to which Riley Permian sold to Targa all of the membership interests in Dovetail Midstream, LLC, a wholly-owned subsidiary of Riley Permian, for an aggregate cash purchase price of approximately $111 million, subject to customary purchase price adjustments. Dovetail's assets primarily consist of natural gas gathering infrastructure serving production in Eddy County, New Mexico.

Read Riley Permian’s press release

The Kirkland team included real asset transactions lawyers Chad Smith, R.J. Malenfant and Mohammad Alkadhem; tax lawyers Mark Dundon, Griffin Peeples and Sarah Gehr; corporate lawyer Shubi Arora; and environmental transactions lawyer Jonathan Kidwell.