Kirkland Represents Ovintiv on Sale of Anadarko Assets
Kirkland & Ellis advised Ovintiv Inc. on its definitive agreement to sell its Anadarko assets, located in Oklahoma, to an undisclosed buyer, for cash proceeds of $3.0 billion. The sale includes approximately 360 thousand net acres, which represents substantially all of the company's acreage in the play. The sale is subject to the satisfaction of normal closing conditions and customary closing adjustments. The transaction is expected to close early in the second quarter of 2026 with an effective date of January 1, 2026.
The Kirkland team included corporate lawyers David Castro Jr., Lindsey Jaquillard, Kyle Watson, Colleen Haile, Chelsea Daku, Mohammad Alkadhem, Bernadette Hayden, Brittany Murphy and Maysa Alqaisi; employee benefits lawyers Maureen O’Brien, Caitlin Pyrce and Anthony Aliantro; executive compensation lawyers Stephen Jacobson and Maddison Riddick; employment & labor lawyers Christie Alcala and George Cartveli; tax lawyers Mark Dundon, Brooke Schafer and Sarah Gehr; energy regulatory lawyers Damien Lyster and Mack Dowiak; environmental transactions lawyers Paul Tanaka and Courtney Tibbetts; antitrust & competition lawyers Chuck Boyars, Matthew Wheatley, Jamie DiMario and Deidre Kaiser; debt finance lawyers Jordan Roberts and Purun Cheong; and capital markets lawyers Michael Rigdon, Sara Lampert and Hannah Miller.
