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Vinson & Elkins advised LandBridge Company LLC (“LandBridge”) in connection with its initial public offering of 14,500,000 Class A shares at a price to the public of $17.00 per Class A share (the “Offering”).

Vinson & Elkins advised XCL Resources, LLC (“XCL”), a private company backed by EnCap Investments L.P. (“EnCap”) and Rice Investment Group (“Rice”), in its sale to SM Energy (the “Company”) of Uinta Basin oil and gas assets owned by certain entities affiliated with XCL for an unadjusted purchase price of $2.55 billion.

Vinson & Elkins served as issuer’s counsel in connection with the private placement of $750 million aggregate principal amount of 7.375% senior notes due 2033 (the “Notes”) by Crescent Energy Finance LLC (“the Issuer”), an indirect subsidiary of Crescent Energy Company.

Vinson & Elkins Represented EnCap Investments L.P. (“EnCap”) in connection with the entry by its portfolio company, Ameredev II Parent, LLC (Ameredev), into a definitive agreement with a wholly-owned subsidiary of Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) pursuant to which Matador’s subsidiary will acquire a subsidiary of Ameredev, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the “Ameredev Acquisition”).

Vinson & Elkins advised California Resources Corporation (“CRC”) in connection with an upsized private offering (the “Offering”) of $600 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029.

Vinson & Elkins advised ProPetro Holding Corp. (“ProPetro”), an oilfield services company providing completions services to upstream oil and gas companies, in its acquisition of Aqua Prop LLC (“Aqua Prop”), an innovative provider of cost-effective wet sand solutions, catering to the needs of the oil and natural gas industry.

Vinson & Elkins advised Breakwall Capital LP (“Breakwall”) in connection with a $250 million credit facility provided by Valor Upstream Credit Partners, L.P., a dedicated upstream credit fund managed by Breakwall, to Fundare Resources Company, LLC, (“Fundare”), a private oil and gas company.

Vinson & Elkins advised Crescent Energy Company in connection with its $2.1 billion acquisition of SilverBow Resources, Inc.

Vinson & Elkins advised BofA Securities, Inc. (“BofA”) in connection with its role as the underwriter in an underwritten public offering of an aggregate of 6,956,520 shares of common stock of Civitas Resources, Inc. (the “Offering”) by a selling stockholder at a price to the public of $73.80 per share.

Vinson & Elkins advised Permian Resources Corporation (the “Company”) and selling stockholders in connection with an underwritten public offering of an aggregate of 51,765,000 shares of the Company’s Class A common stock by the selling stockholders, at a price to the public of $16.47 per share.

Vinson & Elkins represented J.P. Morgan Securities LLC, as representative of the initial purchasers, in connection with Hilcorp Energy I, L.P.’s offering of senior notes due 2034. The offering was priced on May 6, 2024 and is expected to close on May 10, 2024.

Vinson & Elkins represented Citigroup Global Markets Inc. (“Citi”), as the representative of the initial purchasers, in connection with a private offering (the “Offering”) of $1.8 billion aggregate principal amount of senior notes, consisting of $900 million of 8.250% Senior Notes due 2029 (the “2029 Notes”) and $900 million of 8.500% Senior Notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “Notes”) by Transocean Inc. (the “Issuer”), a wholly-owned subsidiary of Transocean Ltd. (NYSE: RIG).