Mesa Royalties II’s Mineral and Royalty Acquisition of Acreage in the Haynesville Shale Play

Kirkland & Ellis advised Mesa Royalties II on the deal.

Mesa Royalties II executed its acquisition of a mineral and royalty portfolio containing ~15,000 net royalty acres in the core of the Haynesville shale play from an undisclosed seller. The acquired asset contains 472 existing PDP wells, and the projected asset cash flow for the next twelve months is ~$30 million.

Mesa II is a mineral and royalty acquisition company led by Darin Zanovich (President & CEO), Greg Balash (COO & EVP Engineering), Michelle Massaro (EVP Finance) and Josh Wiener (EVP Land). In May, Mesa II announced aggregate equity commitments of $150 million from NGP through NGP Natural Resources XII, L.P. and NGP Royalty Partners, L.P.

The Kirkland team was led by real asset transactions partner Chris Heasley (Picture) and associate William Eiland, and included real asset transactions partner David Castro, and tax partner David Wheat and associate Joe Tobias.

Involved fees earner: David Castro – Kirkland & Ellis; William Eiland – Kirkland & Ellis; Christopher Heasley – Kirkland & Ellis; Joe Tobias – Kirkland & Ellis; David Wheat – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Mesa Royalties II;

Martina Bellini

Author: Martina Bellini