Vinson & Elkins Advises Baytex Energy on $2.3 Billion Sale of US Subsidiary
Vinson & Elkins advised Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) in the sale of all the equity interest in its subsidiary, Baytex Energy USA, Inc., an upstream exploration, and production company with assets located within the Eagle Ford Shale of the State of Texas, for a total transaction value of approximately $2.305 billion.
Subject to customary closing conditions, the transaction is expected close in the fourth quarter of 2025.
The Vinson & Elkins corporate team was led by partners Bryan Loocke and Mike Telle, counsel Michael Zarcaro, and associates Rivers Stephens and Michael Gassman. Also advising was partner Jason McIntosh, counsel Allyson Seger, and associate Patrick Darby; partner Joo Lee, and associates Kenneth Strain and Anna Huthnance; partner Becky Baker; partners Kara Kuritz and Hill Welford, counsel Ryan Will, and associate Adam Thomas; partner Caitlin Lawrence, and associates Natalie Harrison and Mackenzie Brabham; partner Jennifer Cornejo and associate Alyssa Sieja; and senior associate Layton Suchma, and associates Brad Oster, Mimi Nguyen, Kelly McGee, Ethan Twining, and Eric Quiroz.
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