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