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January 24, 2026
Kirkland Counsels Civitas on Purchase of Oil Producing Assets for Approximately $2.1 Billion From Vencer

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- Kirkland & Ellis advised Civitas Resources on an agreement to acquire oil producing assets in the Midland Basin of west Texas from Vencer Energy, a Vitol investment, for approximately $2.1 billion
- The transaction is subject to customary terms, conditions, and closing price adjustments, and is expected to close in January 2024 with an effective date of January 1, 2024
- The Kirkland team included partners and associates from corporate, debt finance, capital markets, and tax practices.
Kirkland & Ellis advised Civitas Resources (NYSE: CIVI) on an agreement with Vencer Energy, a Vitol investment, to acquire oil producing assets in the Midland Basin of west Texas for a total consideration of approximately $2.1 billion, subject to customary terms, conditions, and closing price adjustments. The acquisition is expected to close in January 2024 with an effective date of January 1, 2024. Read the Civitas press release here The Kirkland team was led by corporate partners Thomas Laughlin and Lindsey Jaquillard and associate Matt Gibson; debt finance partners Will Bos and Shan Khan; capital markets partners Julian Seiguer, Bryan Flannery and Ieuan List; and tax partners Mark Dundon and Ryan Phelps.
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