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Occidental to Acquire CrownRock, Strengthening its U.S. Onshore Portfolio with Premier Permian Basin Assets

Deals & Cases
December 11, 2023
Deals & Cases
December 11, 2023

Vinson & Elkins advised CrownRock, L.P. (“CrownRock”), a joint venture of CrownQuest Operating LLC and Lime Rock Partners, in its sale to Occidental in a cash and stock transaction valued at approximately $12.0 billion, including the assumption of CrownRock’s debt.

The Vinson & Elkins team was led by partners Steve Gill, Robert Kimball and senior associate Sang Lee, with assistance from associates Matt Fiorillo, Terrence Ogren and Griff Kimball. Other key team members were partners John Grand and Katherine Frank and counsels Elena Sauber and Joanna Enns; partners John Lynch, Brian Russell, and associates Keleigh Carver and Patrick Darby; partner Hill Wellford, counsel Evan Miller, senior associate Ryan Will and associate Adam Thomas; partners Matt Dobbins and Patrick Traylor and associate Simon Willis; counsel Winston Skinner and senior associate Andrew DeVore; partner Michael Kurzer and associates Alexa Chally and Sean Dao; partner Shane Tucker and associates Keira Kuntz and Cassie Zarate; partner Sean Becker and associates Peter Goetschel and Jordan Peck; partner David Wicklund; partner Russell Oshman and counsel Victoria Short; and partners Craig Zieminski and Jeff Crough.

About Vinson & Elkins
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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