1979 Royalties Announces Northern Midland Basin Minerals & Royalty Acquisition From Peacemaker Royalties
Vinson & Elkins advised 1979 Royalties, LP, a subsidiary of Endeavor Energy Resources, in the acquisition of oil & gas mineral and royalty interests from Peacemaker Royalties, LP, a portfolio company of EnCap Investments, LP, in the Midland Basin, West Texas for $61 million in cash.
The divested properties cover approximately 5,000 Net Royalty Acres in Martin and Dawson Counties and are primarily operated by Endeavor and Ovintiv Inc.
The Vinson & Elkins team was led by partner Shay Kuperman, with assistance from associates Brian Broussard and Kene Obi. Other key team members include partners Megan James and Todd Way and associate Adam Bateman; associate Paul Hill; and partner Jackson O’Maley and associates Josh Rutenberg and Matt Fiorillo.
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