Kirkland & Ellis advised Vortus Investment Advisors LLC, while Shearman & Sterling advised Stateline on the deal.
Vortus Investment Advisors LLC, a private equity firm focused on lower to middle market upstream investments across North America, entered into a new partnership with Stateline Operating LLC, a newly formed operating and development joint venture between Vortus and Flat Creek Resources.
Stateline will be managed by Flat Creek with an initial focus on the development of existing oil-rich assets in Eddy County, New Mexico in the Delaware Basin.
The Kirkland team advising Vortus was led by corporate partners Thomas Laughlin and Shubi Arora, and associates Josh Teahen, Danny Nappier and Jack Dougherty, and tax partner Lane Morgan.
Shearman & Sterling LLP served as legal counsel to Stateline with a team led by Houston partner Sarah McLean.
Involved fees earner: Shubi Arora – Kirkland & Ellis; Jack Dougherty – Kirkland & Ellis; Lane Morgan – Kirkland & Ellis; Danny Nappier – Kirkland & Ellis; Joshua Teahen – Kirkland & Ellis; Sarah McLean – Shearman & Sterling; Thomas Laughlin – Vinson & Elkins LLP;