Mary Kogut, P.C.

Kirkland & Ellis is advising Apollo-managed funds on their acquisition of a non-controlling stake in bp Pipelines TAP Limited, a subsidiary of bp (NYSE: BP, LSE: BP.L) that holds a 20% share in Trans Adriatic Pipeline AG (TAP), in a transaction valued at approximately $1 billion. TAP AG is the owner and operator of the final 880-kilometer leg of the Southern Gas Corridor pipeline system that transports natural gas from the bp-operating Shah Deniz gas field in the Azerbaijan sector of the Caspian Sea to markets in Europe such as Greece and Italy – it is a key infrastructure asset for meeting European energy demand. Read Apollo’s press release The Kirkland team is led by corporate partners Monica Gemes, Toby Parkinson, Sara Pickersgill, Nick Appleton, Adam Larson and Stephen Noh and associates Tom Lawless, Toshi Mahapatra, Patrick Lingwall and Nicholas Rinehart; debt finance partners Mary Kogut, James Boswell, James McGivern, Shan Khan and Jeffrey O'Connor and associates Christina Godard, Chiara Song, Kaitlin Schock and Aaron Shubert; tax partners Peter Abbott, Siv Devakumar, Mark Dundon and Thomas Evans and associates Weiwei Chen and Alexandria Solomou.

Sep 23

1 min

Kirkland & Ellis advised Northern Oil and Gas, Inc. (NYSE: NOG) in connection with a Joint Development Program with one of Appalachia’s most capital efficient operators. The program, which covers drilling activities in calendar year 2025, requires a capital commitment from NOG expected not to exceed $160 million for a 15% working interest. The program provides for participation in Appalachia wells to be spud during 2025 and offers NOG a high degree of visibility and incremental certainty on its 2025 ground game program while adding to its gas inventory. Read NOG’s press release The Kirkland team included corporate lawyers David Castro Jr., Will Eiland, Patrick Lingwall and Lyle Paul; debt finance lawyer Mary Kogut; and tax lawyer Mark Dundon.

Dec 13

1 min

Kirkland & Ellis counseled Apollo Funds on an agreement to acquire a 50% stake in a Texas solar and battery energy storage system (BESS) portfolio from TotalEnergies (NYSE: TTE). The portfolio includes approximately 2 GW of solar and BESS assets in strategic locations in Texas’ ERCOT market, consisting of three solar projects with a total capacity of 1.7 GW and two battery storage projects with a combined capacity of 300 MW. TotalEnergies will retain a 50% stake in the portfolio and continue to operate the assets. Over the past five years, Apollo-managed funds have deployed approximately $40 billion into energy transition and sustainability-related investments, supporting companies and projects across clean energy and infrastructure, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles as well as a wide range of technologies to facilitate decarbonization. Across asset classes, Apollo targets deploying $50 billion in clean energy and climate investments through 2027 and sees the opportunity to deploy more than $100 billion by 2030. Read Apollo’s press release The Kirkland team included corporate lawyers Adam Larson, Kristin Mendoza, Ahmed Sidik, Stephen Noh, Thomas Heffernan, Austin Uhm, Gabrielle Sumich, Josh Stout, Ernesto Sanz, Tyler Ambrose, Tristan Prentice and Tyler Ciavarra; debt finance lawyers Mary Kogut, Rob Eberhardt, Chad Davis, Kaitlin Schock and James Coromilas; tax lawyers Mike Masri, Mark Dundon, Nicole Martin and Parker Hasler; derivatives lawyer Brett Ackerman; construction lawyers James Clark, Ahmed Alrikhaimi and Ryan Chastain; energy regulatory lawyers Brooksany Barrowes and Luis Cruz; real estate lawyers Victoria Acuff and Hayden Steves; government, regulatory & internal investigations lawyers Nick Niles and David Strecker; employment & labor lawyers R.D. Kohut, Christine Lacku and Jon Link; employee benefits lawyers Maureen O’Brien and Abbi Semnisky; executive compensation lawyers Stephen Jacobson, Lany Villalobos and Farrah Way; technology & IP transactions lawyers Matt Lovell and Leah Weintrub; and transactional liability lawyer Jessica Sicsu.

Dec 4

1 min

Kirkland & Ellis advised Magnolia Oil & Gas Corporation (NYSE: MGY), an oil and gas exploration and production company, on its private offering of senior notes of an aggregate principal amount of $400 million. Read Magnolia Oil & Gas’ press release The Kirkland team included capital markets lawyers Michael Rigdon, Matt Pacey, Billy Vranish, Robbie Dillard, Samiya Javed and Cassie Cox; debt finance lawyers Mary Kogut, Chris Gambini, Hope Rovner and Vincent Christianson; and tax lawyers David Wheat, Nicole Martin and Christina King.

Nov 15

1 min

Kirkland & Ellis advised Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, L.P., on its definitive agreement to sell its natural gas upstream and associated midstream business in the Appalachian Basin to CNX Resources Corporation (NYSE: CNX) for total cash consideration of approximately $505 million, subject to certain adjustments including an effective date of October 1, 2024. Completion of the transaction, which is subject to the satisfaction of customary closing conditions, is expected to occur in the first quarter of 2025. Read the transaction press release The Kirkland team included real asset transactions lawyers David Castro Jr., R.J. Malenfant, Luke Strother, Lyle Paul and Jake Johnson; corporate lawyers Zach Savrick, John Pitts and Colleen Haile; debt finance lawyers Mary Kogut and Michelle Williamson; capital markets lawyer Billy Vranish; tax lawyers David Wheat and Rebecca Leigh Fine; environmental transactions lawyers Paul Tanaka, Jim Dolphin and Max Anderson; employment & labor lawyer Christie Alcala; employee benefits lawyer Justin Codington; executive compensation lawyer Stephen Jacobson; antitrust & competition lawyer Chuck Boyars; and derivatives lawyers Brett Ackerman and Drue Santora.

Dec 5

1 min