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By Daniella Parra
Vinson & Elkins advised EnCap portfolio company Paloma Permian on its agreement to sell all of its equity interests to Matador Resources Co. (NYSE: MTDR) for approximately $1.275 billion and included Southeast New Mexico oil and gas assets, expecting to close in the
The firm also advised EnCap portfolio company Ridge Runner Resources II on its agreement to sell certain undeveloped Woodford acreage in West Texas and Southeast New Mexico to Matador Resources for approximately $180 million, they said.
The Vinson & Elkins team was led by Partner Bryan Loocke and Counsel Michael Zarcaro, with support from lawyers across the corporate, tax, regulatory, environmental, and other specialist practices.
“Matador is excited to announce this catalyst and the expansion of our Delaware Basin asset base with these assets from Paloma, a successful and respected exploration firm in the Permian Basin and other oil and gas areas,” said Joseph Wm. Foran, Matador’s Founder, Chairman and CEO.
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The post Vinson & Elkins Advises EnCap Portfolio Companies in $1.455 Billion Combined Asset Sales to Matador appeared first on CorpGov.
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