FourPoint Resources, Quantum Capital Group, and Kayne Anderson to Acquire Ovintiv's Uinta Basin Assets for $2 Billion
Vinson & Elkins represented FourPoint Resources LLC and Quantum Capital Group which, in partnership with Kayne Anderson Capital Partners, signed a purchase and sale agreement with Ovintiv Inc. (NYSE, TSX: OVV) (“Ovintiv” or the “Company”) to acquire Ovintiv’s Uinta Basin assets for $2.0 billion in cash.
The assets include 126,000 net acres and production of 29 Mbbls/d.
The Vinson & Elkins team was led by partners John Grand, Robert Hughes, Patrick Whelan and counsel Elena Sauber, with assistance from senior associate Victoria Bahrami-Negad, and associates Peter Faour, John Sager, Jessica Rosenwasser, Charlie Fitzpatrick and Janae Wilson. Other key team members included partner Sean Becker and associate Peter Goetschel, partner Patricia Adams and associates Matt Green, Cassandra Zarate and Madeline O’Neill, counsel Corinne Snow and associate Kevin Moscon, partner John Lynch and senior associate Curt Wimberly, partner David Wicklund and counsel Carter Olson, partner John Decker; partner Hill Wellford; partner Jackson O’Maley and associates Walt Baker; Leah Powers and Sean Dao.
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