Roan Resources Enters Into Definitive Merger Agreement to Be Acquired by Citizen Energy
Vinson & Elkins advised Roan Resources in the definitive merger agreement to be acquired by Citizen Energy Operating, LLC, an affiliate of Warburg Pincus LLC, in an all-cash transaction valued at approximately $1.0 billion.
Roan is an independent oil and natural gas company headquartered in Oklahoma City, OK focused on the development, exploration and acquisition of unconventional oil and natural gas reserves in the Merge, SCOOP and STACK plays of the Anadarko Basin in Oklahoma.
The V&E corporate team was led by partners Steve Gill and Alan Beck with assistance from associates McCall Grimes, Andrew Schulte, Alex Lewis, Andrianna Frinzi, Farah Chranya and Layton Suchma. Also advising were partner Stephen Jacobson, counsel Dario Mendoza and associates Gina Hancock and Mary Daniel Morgan; partner Lina Dimachkieh and associate Neil Clausen; partner Guy Gribov and associates Jason Blackmer and Brittany Simington; partner Sean Becker and senior associate Christie Alcalá; counsel Sarah Mitchell; and partner Hill Wellford.
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