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Surge Energy America Acquires Midland Basin Assets from Grenadier Energy Partners II

Deals & Cases
January 31, 2021

Vinson & Elkins advised Grenadier Energy Partners II LLC (“GEP II”) in a transaction whereby Surge Energy US Holdings Company, through its subsidiary, signed a purchase and sale agreement to acquire leasehold interest and producing wells from GEP II in Howard County, TX. The aggregate purchase price of the transaction is expected to be approximately $420 million.

The V&E corporate team was led by partner Bryan Loocke, with senior associate Cesar Leyva and associates Tukeni Obasi, Richard McNulty, Brian Broussard and Helen Xiang. Also advising were partner Todd Way and associate David Gilbert; partner Matt Dobbins; partner Sean Becker; partner Brian Bloom; and partner Damara Chambers.

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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