Vinson & Elkins advised Paloma Permian, LLC (“Paloma”), a portfolio company of EnCap Investments L.P., in its entry into a definitive agreement whereby Paloma will sell 100% of the issued and outstanding equity interests of Paloma to Matador Resources Company (NYSE: MTDR). The assets of Paloma comprise proved undeveloped acreage and oil and natural gas producing properties located in Southeast New Mexico.
Vinson & Elkins also advised Ridge Runner Resources II, LLC (“Ridge Runner”), a portfolio company of EnCap Investments L.P., in its entry into a definitive agreement whereby Ridge Runner will sell certain undeveloped acreage in the heart of the Woodford play in West Texas and Southeast New Mexico to Matador Resources Company (NYSE: MTDR).
The Vinson & Elkins team was led by Partner Bryan Loocke and Counsel Michael Zarcaro, with assistance from Associates Rivers Stephens, Michael Gassman, Shiyuan Wang, Oscar Miller, and Anthony DeLauro. Also advising were Partner Sarah Mitchell and Senior Associate Victoria Bahrami-Negad; Partners Todd Way and Megan James, Senior Associate Dan Henderson, and Associates Jeff Carr and Patrick Darby; Partner Evan Miller and Associate Rami Rashmawi; Partner Becky Baker and Senior Associate Peter Goetschel; Partner David D’Alessandro and Associate Eric Hechler; Partner Matt Dobbins and Senior Associate Kelly Rondinelli; and Partner David Lassetter.
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