Vinson & Elkins guided Crescent Energy Inc. on its plan to acquire Houston rival SilverBow Resources Inc. for $2.1 billion and create the second largest oil and gas operator in the Eagle Ford basin in southeastern Texas.
Gibson, Dunn & Crutcher, which last year surpassed other Big Law firms in picking up energy deals, advised SilverBow.
Partners Doug McWilliams, Robert Hughes and Jackson O’Maley led the Vinson & Elkins team. McWilliams worked with Noble Energy in its $13 billion sale to Chevron in 2020.
Partners Stephen Olson, Tull Florey, Hillary Holmes and Andrew Kaplan led the Gibson Dunn team. Florey worked with Pioneer Natural Resources on last year’s $65 billion merger with Exxon Mobil Corp.
The Crescent-SilverBow plan came forward as SilverBow fends off a bid by Kimmeridge Energy Management Co. for three seats on SilverBow’s board. Kimmeridge, SilverBow’s largest shareholder with a 13% stake, is seeking the seats after dropping its takeover offer. SilverBow is backed and managed by KKR & Co.
Richards, Layton & Finger guided a special committee of independent directors of Crescent. The committee retained BofA Securities Inc. and Evercore as financial advisers. A Fried Frank team, including partners Philip Richter and Roy Tannenbaum, guided BofA Securities.
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.