Ring Energy to Acquire North Central Basin Assets from Wishbone Energy Partners
Vinson & Elkins advised Wishbone Energy Partners, LLC in the sale of its North Central Basin Platform assets located primarily in Southwest Yoakum County, Texas and East Lea County, New Mexico, to Ring Energy, Inc. (the Company). The total purchase price for the acquisition is $300 million, comprised of $270 million of cash and $30 million of common stock of the Company.
The V&E corporate team was led by partners John B. Connally, Bryan Loocke and Steve Gill, with assistance from senior associate Tan Lu and associates Jackson O’Maley, Jack Moxon and Anastasia Arsenio. Also advising were partner Todd Way, senior associate Julia Pashin and associate Christine Mainguy; and partner Guy Gribov and associate Alex Cross.
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