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Luxe Energy Acquired by Colgate Energy Partners in All-Stock Transaction

Vinson & Elkins Advises Luxe Energy LLC in All-Stock Acquisition by Colgate Energy Partners III, LLC Background Image

Vinson & Elkins advised Luxe Energy LLC (“Luxe”) in connection with a definitive agreement under which Colgate Energy Partners III, LLC will acquire a majority of the assets owned by Luxe in an all-stock transaction.

The combination creates one of the largest private companies in the Permian Basin, with ~57,000 net acres, ~45,000 Boepd and 4 rigs running as of June 1, 2021.

The V&E corporate team was led by partner Matt Strock and senior associate Robert Hughes, with assistance from associates Will White and Philip Turpin. Also advising were counsel Joclynn Townsend and associate Alyssa Allen; partner John Lynch and senior associate Christine Mainguy; and partner Hill Wellford.

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