Crescent Energy Announces Accretive Central Eagle Ford Bolt-On
Vinson & Elkins represented Ridgemar Energy Operating, LLC (“Ridgemar Energy”), a portfolio company of Carnelian Energy Capital Management, L.P., in the signing of a definitive agreement to sell all of its equity interests in Ridgemar (Eagle Ford) LLC to Crescent Energy Company for aggregate cash and stock consideration of $905 million.
Ridgemar Energy is engaged in the development and operation of oil and gas assets in the Eagle Ford.
The Vinson & Elkins team was led by partner Bryan Loocke and counsel Elena Sauber with assistance from associate Kelly McGee. Other key team members included partner Scott Rubinsky and associate Walt Baker; partner Todd Way, senior associate Dan Henderson and associate Patrick Darby; partners David D’Alessandro and Becky Baker, counsel Regina Ibarra and associate Madeline O’Neil; partner Matt Dobbins and associate Alyssa Sieja; partner Sarah Mitchell and counsel Victoria Bahrami; and partner Hill Wellford and counsel Evan Miller.
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