Warburg Pincus’ $780 Million equity commitment in ATX Energy Partners


Kirkland & Ellis LLP advised Warburg Pincus, a leading global private equity firm focused on growth investing, on a line of equity financing of up to $780 million to ATX Energy Partners, a newly formed oil and gas exploration and production company, and the successor company to Brigham Resources.

ATX Energy Partners (“ATX” or the “Company”), a newly formed oil and gas exploration and production company, and the successor company to Brigham Resources, today announced that it has received a line of equity financing of up to $780 million led by Warburg Pincus alongside Yorktown Partners and Pine Brook. Headquartered in Austin, Texas, ATX intends to pursue early-stage and emerging unconventional resource opportunities where the management team sees the potential for significant value creation by applying the proven operational capabilities that drove its prior successes in both the Southern Delaware Basin and the Williston Basin.

The Company is led by Chief Executive Officer Gene Shepherd, who brings over 35 years of financial and operational experience in the energy industry. Most recently, Mr. Shepherd was Chief Executive Officer of Brigham Resources, which sold its Delaware Basin assets to Diamondback Energy in February 2017 for $2.6 billion. Previously, he served as the Chief Financial Officer of Brigham Exploration from June 2002 until its sale to Statoil ASA in December 2011 for $4.4 billion.

The Kirkland team was led by corporate partner Adam Larson (Picture) and associates Allan Kirk, Michael Cline and Fernanda Langa.

Involved fees earner: Adam Larson – Kirkland & Ellis; Michael Cline – Kirkland & Ellis; Allan Kirk – Kirkland & Ellis; Fernanda Langa – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Warburg Pincus;

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Author: Ambrogio Visconti