EIG Global Energy Partners’ $375 Milion Acquisition of five-year volumetric production payments associated with certain offshore oil and gas properties


Vinson & Elkins advised investment funds managed by EIG Global Energy Partners in their purchase of five-year volumetric production payments associated with certain offshore oil and gas properties from an undisclosed seller for a cash purchase price of $375 million.

The parties also entered into an arrangement regarding the delivery and marketing of overriding royalty hydrocarbons by the seller. The deal closed on October 18, 2018.

Vinson & Elkins advised EIG Global Energy Partners with a team including Brian Moss (Picture), John B. Connally, Mingda Zhao and Bryan Loocke with assistance from associates Caitlin Lawrence, Emma Jiang, Joe Higdon and Tukeni Obasi. Also advising were partner Tzvi Werzberger, of counsel Steve Tarry and associate Carter Olson; partners Wendy Salinas and Todd Way and senior associate Julia Pashin; partner Michael Holmes; partner Paul Heath; partners David Peck and Gary Huffman and associates Christine Mainguy and Miron Klimkowski; and associates Alex Lewis, Connor Long, Sean Roberts and Kara Chung.

Involved fees earner: Brian Moss – Vinson & Elkins LLP; Joe Higdon – Vinson & Elkins LLP; Tzvi Werzberger – Vinson & Elkins LLP; Stephen Tarry – Vinson & Elkins LLP; Carter Olson – Vinson & Elkins LLP; Caitlin Lawrence – Vinson & Elkins LLP; John Connally – Vinson & Elkins LLP; Mingda Zhao – Vinson & Elkins LLP; Bryan Loocke – Vinson & Elkins LLP; Emma Jiang – Vinson & Elkins LLP; Tukeni Obasi – Vinson & Elkins LLP; Kara Chung – Vinson & Elkins LLP; Wendy Trahan Salinas – Vinson & Elkins LLP; Todd Way – Vinson & Elkins LLP; Julia Pashin – Vinson & Elkins LLP; David Peck – Vinson & Elkins LLP; Gary Huffman – Vinson & Elkins LLP; Christine Mainguy – Vinson & Elkins LLP; Michael Holmes – Vinson & Elkins LLP; Paul Heath – Vinson & Elkins LLP; Alexandra Lewis – Vinson & Elkins LLP; Connor Long – Vinson & Elkins LLP; Sean Roberts – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: EIG Global Energy Partners;