Kirkland & Ellis Advised Permian Resources On Its $608 Million Acquisition Of Oil And Gas Assets From APA Corporation, Enhancing Its Footprint In New Mexico.

Kirkland & Ellis advised Permian Resources on its $608 million acquisition of oil and gas assets from APA Corporation, enhancing its footprint in New Mexico.

Kirkland & Ellis advised Permian Resources Corporation (NYSE: PR) on a definitive agreement with APA Corporation (Nasdaq: APA) for the acquisition of approximately 13,320 net acres, 8,700 net royalty acres, and production of 12,000 Boe/d, directly offsetting Permian Resources’ core New Mexico operating areas.

The transaction value is $608 million, subject to customary purchase price adjustments. The acquisition is expected to close by the end of Q2 2025.

The Kirkland & Ellis team was led by Will Eiland (Partner) and Chad Smith (Partner), with support from Matt Gibson (Corporate), Braxton Smith (Corporate), and Jake Johnson (Corporate).

The team also included Mark Dundon (Tax Partner) and Jacob Walley (Tax), as well as Jim Dolphin (Environmental Transactions) and Courtney Tibbetts (Environmental Transactions).

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