Kirkland Advises Ovintiv on Sale of Uinta Basin Assets to FourPoint Resources for $2 Billion
Kirkland & Ellis advised Ovintiv Inc. (NYSE, TSX: OVV) on its definitive agreement to sell substantially all its Uinta Basin assets located in Utah, to FourPoint Resources, LLC, for total cash proceeds of approximately $2 billion. The transaction is expected to close by the end of the first quarter of 2025, subject to the satisfaction of customary closing conditions and customary closing adjustments.
The Kirkland team included corporate lawyers David Castro Jr., Lindsey Jaquillard, Kyle Watson, Jarrod Gamble, Chelsea Daku, Mohammad Alkadhem and Alexandra David; debt finance lawyer Jordan Roberts; and tax lawyer Mark Dundon.
