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Kirkland Counsels Extraction Oil & Gas in $2.6 Billion Merger of Equals

Kirkland & Ellis counselled Extraction Oil & Gas, Inc. (Nasdaq: XOG) on its all-stock merger of equals with Bonanza Creek Energy, Inc. (NYSE: BCEI). The combined company, to be named Civitas Resources, Inc., will be the largest pure-play energy producer in Colorado’s Denver-Julesburg Basin, with an aggregate enterprise value of approximately $2.6 billion.

The Kirkland team was led by corporate partners Doug Bacon and Alex Rose and associates Camille Walker and Brittany Scheier; capital markets partners Julian Seiguer and Bryan Flannery; asset partners Anthony Speier and Chris Heasley and associate Alia Heintz; and tax partner Mark Dundon and associates Joe Tobias and Courtney Loyack.

Read Extraction’s press release here

Kirkland Represents Bluescape in $115M Equity Investment in Evergy

Kirkland & Ellis represented Bluescape Energy Partners LLC in a common equity investment of approximately $115 million in Evergy Inc. Additionally, C. John Wilder, Executive Chairman of Bluescape, and former U.S. Senator Mary L. Landrieu, will join the Evergy board effective March 1. As part of the transaction, Evergy’s Finance Committee charter has been amended to include competitive analysis and benchmarking of key operating, customer, financial and sustainability performance metrics.

The Kirkland team was led by transactional partners Shubi Arora and Enoch Varner, and associate Josh Teahen; capital markets partner Julian Seiguer; and debt finance partner Arthur Lotz.

Read the Evergy press release