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Grayson Mill Bakken to Acquire Ovintiv’s Bakken Assets

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Vinson & Elkins advised Grayson Mill Bakken, LLC, a portfolio company of funds managed by EnCap in connection with its acquisition of the entirety of Ovintiv’s Bakken assets located in the Williston Basin of North Dakota for total cash proceeds of approximately $825 million.

Ovintiv’s landholdings in the play totalled 46 thousand net acres as of December 31, 2022.

The Vinson & Elkins team was led by partner Danielle Patterson, with assistance from counsel Elena Sauber and associates Zach Parker, Laura Byrd, Hunter Michielson, Brian Broussard, Kene Obi, Rob Vezina, Vestita Kuntz, Sebastian Devora and Darren Fox. Other key team members include partner Todd Way and associates Jeff Slusher and Katie Dillard; partner Becky Baker; partner Shane Tucker and associate Keira Kuntz; partner Matt Dobbins and associate Kelly Rondinelli; partner James Longhofer; and partners Mike Marek and Jackson O’Maley.

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