Vinson & Elkins Advises Sabinal Energy on $500 Million Sale of Permian Basin Assets to Mach Natural Resources
Vinson & Elkins LLP represented Sabinal Energy, LLC (“Sabinal”) in its definitive agreement to sell certain oil and gas assets in the Permian Basin to Mach Natural Resources LP (NYSE: MNR) (“Mach”) for approximately $500 million in a cash-and-stock transaction.
The transaction is expected to close in the third quarter of 2025 and has an effective date of April 1, 2025.
The Vinson & Elkins team was led by partners Bryan Loocke and Jackson O’Maley and counsel Michael Zarcaro, with assistance from associates Laura Byrd, Caroline Oakley, and Sergio Tellez Noguez. Other key team members included were associates Walt Baker and Lauren Perillo; partner Todd Way, senior associate Dan Henderson, and associate Kylan Kinkade; partner Becky Baker; partner Patricia Adams and senior associate Brian DeShannon.
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