© 2016 The Texas Lawbook.
By Natalie Posgate
(May 17) – Oil & gas startup Chisolm Energy Holdings hired a group of Vinson & Elkins lawyers to handle its first asset acquisition, which closed on Monday.
Fort Worth-based Chisolm, which formed this month, acquired a substantial amount of undeveloped acreage in the New Mexico region of the Delaware Basin from an undisclosed seller. More specifically, the acreage is located in the Bone Spring and Wolfcamp formations.
Chisolm is backed by a $500 million line-of-equity from Warburg Pincus. V&E also handled the transaction associated with the line-of-equity investment.
Warburg Pincus General Counsel Robert Knauss hired corporate partner Bryan Loocke to lead the acquisition, who received assistance from corporate associates Danielle Patterson, Stephanie Coco and Emma Jiang, as well as tax partner David Peck and Alex Farr. Corporate partner Matt Strock led the line-of-equity investment, which corporate associate Mike Marek and labor & employment partner Sean Becker also worked on.
Members of the deal team are based in Houston and Dallas.
Terms of the transaction were not disclosed.
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