Kirkland Counsels RimRock, Warburg Pincus on $500 Million Assets Purchase from Whiting Petroleum

Kirkland & Ellis LLP advised RimRock Oil & Gas Williston, LLC and its sponsor Warburg Pincus in the agreement to purchase the Fort Berthold Indian Reservation area assets located in Dunn and McLean Counties, North Dakota from Whiting Petroleum Corp. (NYSE: WLL).  The cash purchase price is $500 million, subject to customary adjustments.  The effective and closing date of the sale is Sept. 1, 2017. The full release is available here.

The Kirkland team was led by corporate partners Anthony Speier, Jonathan Castelan and Adam Larson and associates Chris Heasley, Matt Jensen, Barrett Schitka, Bryce Silagy and Leslie Vaughn; debt finance partners Will Bos and Andy Veit and associate Alex Cross; tax partner Mark Dundon and associates Tim Campany and Melanie Rosin; environmental transactional partners Paul Tanaka and Alex Farmer and associate Jim Dolphin; labor and employment partner Richard Kidd and associate Christine Lacku; employee benefits partner Melissa Grim; and executive compensation partners Michael Krasnovsky and Jeffrey Quinn.