Kirkland Advises Roxo Energy on Sale of its Howard and Borden Counties Leasehold Position to Murchison
Kirkland & Ellis LLP counsels Fort Worth, Texas-based Roxo Energy, a privately held independent E&P company, in its sale of its interest in oil and gas leases and wells in Howard and Borden Counties, Texas, to Murchison Oil and Gas, LLC. Roxo's leasehold is in the premier development corridor of the Northern Midland basin, targeting the prolific Wolfcamp and Spraberry play. The properties consist of approximately 5,300 contiguous leasehold acres, surrounded by significant development activity by quality offset operators. This sale comes just 20 months after Roxo's entry into the play. Roxo will retain its mineral interests in the Permian Basin and continue pursuing its strategy of acquiring and developing attractive oil & gas assets within the United States. Roxo is backed by a funding commitment from Vortus Investment Advisors, a Fort Worth-based private equity firm focused on the lower to middle market upstream energy industry in North America.
Read more at the company press release.
The Kirkland team was led by corporate partners Rahul Vashi and Shubi Arora and associates Lindsey Jaquillard and Fraser Wayne; and tax partner Mark Dundon and associate Joe Tobias.
