Pickering Energy Partners’ Midland Basin Investment

Kirkland & Ellis counseled Pickering Energy Partners in the transaction.

Pickering Energy Partners closed its partnership with a private operator in the Midland Basin to jointly develop oil and gas wells, and the closing of an equity co-investment in the partnership. This partnership is part of Pickering’s strategy to acquire high-quality acreage at attractive valuations alongside excellent local operators. This deal represents a prime example of what Pickering defines as a “Fat Pitch” opportunity, characterized generally as attractive special situations with asymmetric risk profiles.

The original Pickering Energy Partners (PEP) was founded in early 2004 by Dan Pickering as an institutional energy research firm before subsequently partnering with Bobby Tudor and Maynard Holt in 2007 to become Tudor, Pickering, Holt & Company. 

The Kirkland team was led by corporate partners Rahul Vashi (Picture) and R.J. Malenfant and associates Patrick Lingwall and Matt Gibson; and included corporate partners Shubi Arora and Jhett Nelson and associates Randy Santa Ana and Benjamin Rowe; tax partner Mark Dundon; and investment funds partners Matt Nadworny and Ian Jelsma.

Involved fees earner: Shubi Arora – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Matt Gibson – Kirkland & Ellis; Ian Jelsma – Kirkland & Ellis; Patrick Lingwall – Kirkland & Ellis; R.J. Malenfant – Kirkland & Ellis; Matt Nadworny – Kirkland & Ellis; Jhett Nelson – Kirkland & Ellis; Benjamin Rowe – Kirkland & Ellis; Randy Santa Ana – Kirkland & Ellis; Rahul Vashi – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Pickering Energy Partners Inc;

Martina Bellini

Author: Martina Bellini