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Vinson & Elkins has been awarded “Marketing Initiative of the Year” at the Legal Business Awards 2025.

Vinson & Elkins LLP advised Mizuho Securities USA LLC and Raymond James & Associates, Inc., as representatives of the underwriters, in connection with an underwritten public offering of an aggregate of 6,570,355 ordinary shares of Diversified Energy Company PLC (including the full exercise of the underwriters’ option to purchase additional ordinary shares) by certain selling stockholders, at a public offering price of $13.75 per share.

Vinson & Elkins represented Sunoco LP (NYSE: SUN) (“Sunoco”) in connection with an aggregate $3.4 billion in capital markets financings, including its upsized, multi-tranche offering of $1.9 billion aggregate principal amount of senior notes and its upsized offering of $1.5 billion of 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units.

Vinson & Elkins advised Vital Energy, Inc. (NYSE: VTLE) (“Vital”) in its entry into a definitive agreement with Crescent Energy Company (NYSE: CRGY) (“Crescent”) under which Crescent will acquire Vital in an all-stock transaction valued at approximately $3.1 billion, inclusive of Vital’s net debt.

Vinson & Elkins advised Tidewater Inc. (NYSE: TDW) (the “Company”), a leading provider of offshore services vessels, in connection with its debut Rule 144A/RegS offering of 9.125% Senior Notes due 2030.

Vinson & Elkins advised Global Partners LP (NYSE:GLP), an owner, supplier, and operator of fueling stations and convenience markets, and GLP Finance Corp., in connection with their upsized private placement of $450.0 million aggregate principal amount of 7.125% senior notes due 2033 to J.P. Morgan Securities LLC, as representative of the several initial purchasers.

Vinson and Elkins advised the underwriters in connection with Enterprise Products Operating LLC’s public offering of $2 billion aggregate principal amount of notes comprised of (i) $500 million principal amount of 4.30% Senior Notes due 2028 (ii) $750 million principal amount of 4.60% Senior Notes due 2031, and (iii) $750 million principal amount of 5.20% Senior Notes due 2036.

Vinson & Elkins advised Sitio Royalties Corp. (NYSE: STR) (“Sitio”) in connection with the entry by Sitio into a definitive agreement with Viper Energy (Nasdaq: VNOM) (“Viper”) pursuant to which a subsidiary of Viper will acquire all outstanding shares of Sitio in an all-equity transaction through a series of mergers involving their respective subsidiaries.

Vinson & Elkins served as initial purchasers’ counsel in connection with an upsized private offering by Civitas Resources, Inc. (NYSE:CIVI) of $750 million aggregate principal amount of 9.625% senior notes due 2033.

Vinson & Elkins advised Stonepeak, a leading alternative investment firm focused on infrastructure and real assets, in its $340 million acquisition from Repsol of a 46.3% interest in a 777 MW portfolio of operating solar and battery storage projects.

Vinson & Elkins advised Crescent Energy Company (“Crescent”) in connection with the sale of non-operated Permian Basin assets to a private buyer for $83 million in cash, subject to customary post-closing purchase price adjustments.

Vinson & Elkins represented Energy Vault Inc. in an approximately $28 million loan and subsequent note purchase in connection with the financing of the Calistoga Resiliency Center project, a hybrid hydrogen and battery energy storage and hydrogen fuel cell electrical power generation facility located in Calistoga, California and capable of delivering 8.5 MW peak power and 293 MWh over a 48-hour period without refueling while generating.