Global law firm Clifford Chance has advised TRP Energy in its exchange transaction with Diamondback Energy in which it traded 15,000 net acres in the Midland basin for approximately 33,000 net acres in the Delaware basin and US$238 million in cash.

Partner David Sweeney and counsel Joclynn Marsh led a multi-practice team on the matter with support from associates Melissa Sanchez, Thomas Shattuck and Matt Mouer. The wider team included Tax partner Todd Lowther and associates Jihyun Lee and Milica Pavlovic, Antitrust partner Joseph Ostoyich, Environment partner Ty’Meka Reeves Sobers and associate Hannah Ebersole, ERISA partner Paul Koppel and associate David Walsh.