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Jupiter Resources To Be Acquired by Tourmaline

Vinson & Elkins advised Jupiter Resources in connection with a transaction to sell to Tourmaline Oil Corp. in an all-stock transaction valued at approximately $626 million, inclusive of debt.

Jupiter is an independent Calgary-based energy company with an operations office in Grande Cache, Alberta, focused on the acquisition, development and production of unconventional liquids-rich natural gas properties in the Western Canadian Sedimentary Basin.

The V&E team was led by partners Shelley Barber, Robert Kimball, Wendy Salinas and Jim Meyer.

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