Independence Energy to Combine With Contango in All-Stock Merger to Create a Premier U.S. Independent Oil and Gas Company
Vinson & Elkins advised Independence Energy, LLC in a definitive agreement with Contango Oil & Gas Company to combine in an all-stock transaction. The combination, which was unanimously approved by both companies’ Boards of Directors, will create a premier, diversified and low leverage U.S. independent oil and gas company focused on consolidation.
Independence is a diversified, well-capitalized upstream oil and gas business built and managed by KKR’s Energy Real Assets team with a scaled portfolio of low-decline, producing assets with meaningful reinvestment opportunities for low-risk growth across the Eagle Ford, Rockies, Permian and Mid-Continent.
The V&E corporate team was led by partners Doug McWilliams and Keith Fullenweider and senior associate Robert Hughes with assistance from senior associate Jackson O’Maley and associate Jordan Fossee. Also advising were associates Alex Lewis, Markeya Brown, Breanna Kelly, Mary Busse and Chase Browndorf; partner David D’Alessandro, counsel Dario Mendoza and associate Maddison Riddick; partners John Lynch and Lina Dimachkieh and associates Curt Wimberly and Lauren Nieman; partner Bryan Loocke, counsel Joclynn Townsend and senior associate Cesar Leyva; partner Sean Becker and associate Annie Blanc; partner Matt Dobbins, counsel Larry Pechacek and associate Kevin Moscon; and counsel Sarah Mitchell.
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