Kirkland Advises Olympus Energy on $1.8 Billion Sale of Upstream and Midstream Assets to EQT Corporation
Kirkland & Ellis advised Olympus Energy Holdings LLC, Hyperion Midstream LLC and Bow & Arrow Land Company LLC (collectively, Olympus Energy) on an agreement to sell upstream and midstream assets to EQT Corporation for total consideration of $1.8 billion. The assets comprise a vertically integrated, contiguous 90,000 net acre position offsetting EQT’s existing core acreage in Southwest Pennsylvania with net production of approximately 500 MMcf/d. The transaction is expected to close early in the third quarter of 2025, subject to regulatory approval and the satisfaction of customary closing conditions.
The Kirkland team included corporate lawyers Thomas Laughlin, R.J. Malenfant, Josh Teahen, Rhett Van Syoc and Luke Strother; capital markets lawyers Michael Rigdon and Billy Vranish; tax lawyer Mark Dundon; debt finance lawyer Andy Veit; derivatives lawyer Brett Ackerman; environmental transactions lawyer Jon Kidwell; and antitrust & competition lawyer Chuck Boyars.
