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1979 Royalties Announces Northern Midland Basin Minerals & Royalty Acquisition From Peacemaker Royalties

Deals & Cases
September 28, 2023
Deals & Cases
September 28, 2023

Vinson & Elkins advised 1979 Royalties, LP, a subsidiary of Endeavor Energy Resources, in the acquisition of oil & gas mineral and royalty interests from Peacemaker Royalties, LP, a portfolio company of EnCap Investments, LP, in the Midland Basin, West Texas for $61 million in cash.

The divested properties cover approximately 5,000 Net Royalty Acres in Martin and Dawson Counties and are primarily operated by Endeavor and Ovintiv Inc.

The Vinson & Elkins team was led by partner Shay Kuperman, with assistance from associates Brian Broussard and Kene Obi. Other key team members include partners Megan James and Todd Way and associate Adam Bateman; associate Paul Hill; and partner Jackson O’Maley and associates Josh Rutenberg and Matt Fiorillo.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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