Kirkland & Ellis, Vinson & Elkins Handle $2.3B Permian Basin Oil and Gas Deal
Austin's Parsley Energy has agreed to acquire Denver-based Jagged Peak Energy in a stock and debt transaction expected to close in early 2020.
October 14, 2019 at 03:07 PM
3 minute read
Houston lawyers at Kirkland & Ellis and Vinson & Elkins who worked on a $2.27 billion Permian Basin oil and gas deal, signed Monday morning, are accustomed to putting their personal lives on hold and devoting a weekend to wrapping up an agreement.
This time, they missed out on watching the Houston Astros play the New York Yankees in the American League Championship Series games on Saturday and Sunday nights.
"We followed them on our iPhones," Kirkland partner Doug Bacon said about the hometown Astros' play in the series, which is now tied at 1-1. A deal team Bacon helped lead represented Austin's Parsley Energy in an agreement to acquire Jagged Peak Energy of Denver in a $2.27 billion stock and debt deal.
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