Murchison Oil And Gas’ Acquisition of Roxo Energy’s Howard and Borden counties leasehold position

Thompson & Knight acted as legal advisor for Murchison Oil and Gas. Kirkland & Ellis, LLP acted as legal advisor for Roxo Energy.

Roxo Energy, a privately held independent E&P company, of Fort Worth, Texas, closed on the sale of its interest in oil and gas leases and wells in Howard and Borden Counties, Texas, to Murchison Oil and Gas.

Murchison’s purchase was financed by an investment group led by Angelo Gordon, and included MSD Partners, L.P. and Ares Capital Corporation. Roxo’s leasehold is located 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.

Thompson & Knight advised Murchison Oil and Gas with a team including Robert Dougherty (Picture) and John Phair.

Kirkland & Ellis LLP advised Roxo Energy with a team including Rahul Vashi, Shubi Arora, Lindsey Jaquillard, Fraser Wayne, tax partner Mark Dundon and associate Joe Tobias.

Involved fees earner: Robert Dougherty III – Thompson Knight LLP; John Phair – Thompson Knight LLP; Rahul Vashi – Kirkland & Ellis; Shubi Arora – Kirkland & Ellis; Lindsey Jaquillard – Kirkland & Ellis; Fraser Wayne – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Joe Tobias – Kirkland & Ellis;

Law Firms: Thompson Knight LLP; Kirkland & Ellis;

Clients: Murchison Oil & Gas, Inc.; Roxo Energy LLC;

Author: Ambrogio Visconti