Kirkland & Ellis advised Diversified Energy Company plc (LSE: DEC) in its entry into an agreement to acquire certain upstream assets and related facilities in Oklahoma and Texas, within the company’s Central Region, from ConocoPhillips Company for $240 million (before customary adjustments). The transaction, signed on July 27, 2022 and announced on July 28, 2022, is expected to close during the third quarter of 2022.
Diversified’s general counsel Ben Sullivan led this deal.
The Kirkland team was led by corporate partners John Kaercher and Chris Heasley and associates Alia Heintz, Branden Lankford and Alexiz Magro-Malo; tax partner David Wheat and associate David Gilbert; environmental transactions partner Ty’Meka Reeves-Sobers and associate Alex Noll; executive compensation partner Rob Fowler and associate Rebecca Arnall; labor and employment partner Mari Stonebraker; and employee benefits of counsel Jack Bernstein.
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