Kirkland & Ellis advised Riley Exploration Permian, Inc. (NYSE American: REPX) and its wholly owned subsidiary Riley Exploration – Permian, LLC on a purchase and sale agreement with Targa Northern Delaware LLC.
Under the agreement, Riley Permian sold 100% of the membership interests in Dovetail Midstream, LLC (a wholly owned subsidiary) to Targa for approximately $111 million in cash, subject to customary purchase price adjustments.
Dovetail’s assets primarily comprise natural gas gathering infrastructure supporting production in Eddy County, New Mexico; the matter was handled by a cross-practice Kirkland team.
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Kirkland & Ellis advises Riley Permian on sale of Dovetail Midstream to Targa Northern Delaware | The Sponsor - The Sponsor
