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Enerplus Agrees to Acquire Williston Basin Operator

Vinson & Elkins advised Enerplus Corporation (“Enerplus”) in its definitive agreement to acquire all of the shares of Bruin E&P HoldCo, LLC (“Bruin”), a pure play Williston Basin private company, for total cash consideration of $465 million (the “Acquisition”). To fund the Acquisition, V&E also advised Enerplus on a new $400 million term loan and a concurrent $115 million bought deal equity financing. Enerplus will not assume any debt of Bruin as part of the Acquisition.

The V&E corporate team was led by partner Bryan Loocke, with counsel Joclynn Townsend, senior associate Cesar Leyva, and associates Alicia Vesely, Rob Vezina and Zach Parker. Also advising was partner Brian Bloom; partner Sean Becker; partner Todd Way and senior associate Christine Mainguy; partner Matthew Dobbins and senior associate Jennifer Cornejo; and partner Mike Telle and senior associate Nettie Downs.

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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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