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January 23, 2026
Kirkland Advises Devon Energy on LNG Export Partnership with Delfin Midstream

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- Kirkland & Ellis is representing Devon Energy Corp
- in its LNG export partnership with Delfin Midstream
- The arrangement includes a long-term tolling agreement granting Devon 1.0 to 2.0 million tons per annum of liquefaction capacity on Delfin’s floating LNG vessels, as well as a strategic equity investment by Devon in Delfin Midstream before the Financial Investment Decision for the first vessel, with options for further investment after FID.
Kirkland & Ellis is advising Devon Energy Corp. (NYSE: DVN) on its liquefied natural gas (LNG) export partnership with Delfin Midstream, which includes: (1) a long-term tolling agreement providing Devon with 1.0 to 2.0 million tons per annum of liquefaction capacity in Delfin’s first and future floating LNG vessels and; (2) a strategic equity investment by Devon in Delfin Midstream prior to Financial Investment Decision (FID) for the first floating LNG vessel and options for Devon to invest additional equity in Delfin following FID. Read the joint press release The Kirkland team is led by corporate partners Kevin Crews and Tony Johnston, project finance partner Kelann Stirling and energy regulatory partner Marcia Hook; with assistance from tax partner Mark Dundon; corporate associates Jessica Berkowitz and Tori Newton; and energy regulatory associate Cassidy Hall.
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