Kirkland Advises Red Bluff Resources and Bricktown Energy on Sale of Properties to Citizen Energy

Kirkland & Ellis counseled Red Bluff Resources and Bricktown Energy on their sale to Citizen Energy of substantially all of their oil and gas properties. The acquisition will generate an 18 percent increase in Citizen’s daily production and includes an additional ~13,000 BOEPD (56% liquids), 200 operated wells, and 739 non-op wells. Citizen’s existing ~245,000 net acre position coupled with Sellers ~80,000 net acres will create a dominant Mid-Continent footprint.

Read Citizen Energy’s press release

The Kirkland team includes corporate partners Rahul Vashi and R.J. Malenfant and associates Alia Heintz and James Murphy; with assistance from corporate partners Adam Larson and Adam Garmezy and associate Blake Longoria; tax partners David Wheat and Joe Tobias; and debt finance partner Will Bos and associates Stephanie Owen and Weston Kowert.