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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 advised Kinetik Holdings Inc. in connection with a tack-on offering of $250 million of additional 6.625% senior notes due 2028 by its subsidiary Kinetik Holdings LP.

Vinson & Elkins advised Lithium Americas Corp. (the “Company”) in a $250 million strategic investment from Orion Resource Partners LP (“Orion”) to fund the development and construction of Phase 1 of the Thacker Pass Project in Nevada, expected to be completed by late 2027.

Vinson & Elkins L.L.P. advised Citigroup Global Markets Inc. and Mizuho Securities USA LLP, as representatives of the underwriters, in connection with an underwritten public offering of 8,500,000 ordinary shares (the “Offering”) by Diversified Energy Company PLC (“DEC”), at a price to the public of $14.50 per share.

Vinson & Elkins has released its latest industry report, Energy Disputes: Navigating Key Trends and Challenges, providing an in-depth analysis of the evolving landscape of energy-related disputes.

Vinson and Elkins advised Barclays Capital Inc., the initial purchasers’ representative, in connection with TransMontaigne Partners LLC’s upsized offering of $500 million aggregate principal amount of 8.500% senior unsecured notes due 2030.

Vinson & Elkins advised Atlas Energy Solutions Inc. (“Atlas”) in the pricing of an upsized underwritten public offering of an aggregate 11,500,000 shares of Atlas common stock, at a public offering price of $23.00 per share, for total gross proceeds of $264.5 million.

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 advised Plains All American Pipeline, L.P. (NASDAQ: PAA) (“PAA”) in connection with an underwritten public offering (the “Offering”) of $1 billion aggregate principal amount of 5.950% senior notes due 2035 at a price to the public of 99.761% of their face value. PAA intends to use the net proceeds of approximately $988.1 million from the Offering to fund the acquisition of all the membership interests in Ironwood Midstream Energy Partners II, LLC, to fund the repurchase of certain Series A Preferred Units representing limited partner interests in PAA, and to repay amounts outstanding under its credit facilities and commercial paper program. The Offering closed on January 15, 2025.

Vinson & Elkins represented Fervo Energy Company (“Fervo”) in its $135 million corporate equity financing.

Vinson & Elkins LLP advised Solaris Energy Infrastructure, Inc. (the “Company”) and Yorktown Energy Partners X, L.P., a selling stockholder of the Company (“Yorktown”), in connection with an underwritten public offering of 6,500,000 shares of the Company’s Class A common stock, par value $0.01 per share (“Class A common stock”), at a price to the public of $24.75 per share, for total net proceeds of approximately $156.0 million.