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Vinson & Elkins advised KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) (the “Company”), an onshore provider of oilfield services servicing the Permian, Eagle Ford, Rockies, Bakken, Marcellus, Utica and MidCon basins, in a refinancing transaction (the “Refinancing”).

Vinson & Elkins represented HF Sinclair Corporation (“HF Sinclair”) in the issuance of $1.4 billion aggregate principal amount of senior notes, consisting of $650 million aggregate principal amount of 5.750% Senior Notes due 2031 (the “2031 Notes”) and $750 million aggregate principal amount of 6.250% Senior Notes due 2035 (the “2035 Notes,” and together with the 2031 Notes, the “Notes”) in a registered offering.

Vinson & Elkins advised Outrigger Energy II LLC in its entry into a definitive agreement for the sale of its subsidiary OE2 North Holdings LLC, including its natural gas gathering and processing assets in the Williston Basin of North Dakota, to Hiland Partners Holdings LLC, a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), for $640,000,000, subject to customary purchase price adjustments. The transaction is expected to close in the first quarter of 2025.

Vinson & Elkins LLP advised CrownRock Holdings, L.P. (“CrownRock”) in connection with CrownRock’s $1.72 billion underwritten secondary offering of 29,560,619 shares of common stock, par value $0.20 per share, of Occidental Petroleum Corporation (“Oxy”).

Vinson & Elkins recently concluded the successful defense of an 18-month investigation by the Securities and Exchange Commission (the “SEC”) into alleged violations of numerous securities laws by an important firm client and market leader in the precious metals industry.

Vinson & Elkins advised EnCap Investments L.P. in the successful formation of EnCap Energy Transition Fund II with total commitments of approximately $1.5 billion.

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).

Vinson & Elkins advised Southwest Airlines Co. in the acquisition of SAFFiRE Renewables, LLC as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC (SARV).

Vinson & Elkins advised Perpetua Resources Corp (“Perpetua”) in connection with the negotiation of a royalty agreement with a wholly-owned subsidiary of Franco-Nevada Corporation (“Franco-Nevada”) pursuant to which Perpetua, through its subsidiaries, sold Franco-Nevada a royalty on future payable silver production from the Stibnite Gold Project in exchange for a cash payment of $8.5 million.

Vinson & Elkins advised Southwest Airlines Co. in a $30 million investment in LanzaJet, Inc., a sustainable aviation fuel (SAF) technology provider and producer with a patented ethanol-to-SAF technology.

D Magazine has named five Vinson & Elkins attorneys to their 2024 Best Lawyers list.

Vinson & Elkins served as issuer’s counsel in connection with DIRTT Environmental Solutions Ltd.’s offering to its common shareholders for aggregate gross proceeds of C$30,000,000.