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V&E Advises Funds Managed by EIG Global Energy Partners in $375M Purchase of 5-Year Volumetric Production Payments

Vinson & Elkins advised investment funds managed by EIG Global Energy Partners in their purchase of five-year volumetric production payments associated with certain offshore oil and gas properties from an undisclosed seller for a cash purchase price of $375 million. The parties also entered into an arrangement regarding the delivery and marketing of overriding royalty hydrocarbons by the seller. The deal closed on October 18, 2018.

The V&E team was led by partners Brian Moss, John B. Connally, Mingda Zhao and Bryan Loocke with assistance from associates Caitlin Lawrence, Emma Jiang, Joe Higdon and Tukeni Obasi. Also advising were partner Tzvi Werzberger, of counsel Steve Tarry and associate Carter Olson; partners Wendy Salinas and Todd Way and senior associate Julia Pashin; partner Michael Holmes; partner Paul Heath; partners David Peck and Gary Huffman and associates Christine Mainguy and Miron Klimkowski; and associates Alex Lewis, Connor Long, Sean Roberts and Kara Chung.

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