Luxe Energy Acquired by Colgate Energy Partners in All-Stock Transaction
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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For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
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