Northwoods Energy’s $500 Million Acquisition of SM Energy’s Powder River Basin Assets


Vinson & Elkins advised Northwoods Energy LLC (formerly known as Converse Energy) and certain funds managed by affiliates of Apollo Global Management, LLC in connection with Northwoods’ $500 million acquisition of SM Energy’s core Powder River Basin assets.

Northwoods Energy LLC is an upstream oil & gas company based in Denver, CO and focused on the Powder River Basin. Northwoods is led by Chief Executive Officer Tom Tyree, who has extensive experience in the acquisition and development of upstream oil and gas properties in the Rocky Mountains, Marcellus Shale, and Barnett Shale. Mr. Tyree was Co-Founder, President, and CFO of Vantage Energy from 2006 to 2016. He is currently on the board of directors of Bonanza Creek Energy and served as CFO of Bill Barrett Corporation prior to Vantage Energy. The Apollo funds, including Apollo Investment Fund VIII and Apollo Natural Resources Partners II, have committed to invest up to an aggregate of $850 million in Northwoods.

inson & Elkins advised Northwoods Energy LLC with a team including David Cohen (Picture), Jim Fox, Shay Kuperman, Dan Komarek and Elena Sauber. Also advising were Michael LeFevre, Jose Acosta, Patrick Whelan, Larry Pechacek and Erin Mitchell.

Involved fees earner: David Cohen – Vinson & Elkins LLP; James Fox – Vinson & Elkins LLP; Dan Komarek – Vinson & Elkins LLP; Elena Sauber – Vinson & Elkins LLP; Jose Acosta – Vinson & Elkins LLP; Patrick Whelan – Vinson & Elkins LLP; Shay Kuperman – Vinson & Elkins LLP; Michael LeFevre – Vinson & Elkins LLP; Larry Pechacek – Vinson & Elkins LLP; Erin Mitchell – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Northwoods Energy LLC;

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Author: Ambrogio Visconti