Kirkland & Ellis advised Civitas Resources (NYSE: CIVI) on two definitive agreements to acquire oil producing assets in the Midland and Delaware Basins of west Texas and New Mexico. The agreements were signed with affiliates of Hibernia Energy III, LLC and Tap Rock Resources, LLC, which are respective portfolio companies of funds managed by NGP Energy Capital Management, L.L.C., for total consideration of approximately $4.7 billion, subject to customary purchase price adjustments. Both transactions are subject to customary terms and conditions and are expected to close in the third quarter of 2023 with effective dates of July 1, 2023. Read Civitas Resources’ press release The Kirkland team advising on the Hibernia transaction was led by corporate and real assets partners Thomas Laughlin, Lindsey Jaquillard, Josh Teahen and Alia Heintz and associates Jack Chadderdon, Matt Gibson and Braxton Smith; capital markets partners Julian Seiguer, Bryan Flannery and Anthony Sanderson; debt finance partners Will Bos and Shan Khan; and tax partners Mark Dundon and Ryan Phelps; with support from corporate partner Doug Bacon; and real assets partner Anthony Speier. The Kirkland team advising on the Tap Rock transaction was led by corporate and real assets partners Thomas Laughlin, Allan Kirk, R.J. Malenfant and Randy Santa Ana and associates Caleb Martin, Skyler Sikes and Rizwan Popatia; capital markets partners Julian Seiguer, Bryan Flannery and Anthony Sanderson; debt finance partners Will Bos and Shan Khan; and tax partners Mark Dundon and Ryan Phelps; with support from corporate partners Doug Bacon and Josh Teahen; and real assets partners Lindsey Jaquillard and Anthony Speier.