News & Achievements

Vinson & Elkins Advises TD Cowen on $660 Million Presidio Petroleum SPAC Merger with EQV Ventures

Deals & Cases

On August 5, 2025, Presidio Petroleum, an oil and gas operator headquartered in Ft. Worth, Texas with more than 2,000 wells in Texas, Oklahoma, and Kansas, entered into a definitive business combination agreement with EQV Ventures Acquisition Corp. (“EQV”), a special purpose acquisition company sponsored by EQV Group, that will result in Presidio becoming a publicly listed company.

The newly formed entity is expected to have an enterprise value of $660 million, including assets acquired from EQV Resources in connection with the transaction. To finance the transaction, EQV has entered into agreements for approximately $85 million in common stock PIPE investments, which is anchored by strategic and institutional investors, including a major oil and gas company.

Vinson & Elkins advised TD Cowen, who served as financial advisor and lead capital markets advisor to EQV and as placement agent on the PIPE investment, in connection with the transaction. The Vinson & Elkins team was led by partner Ramey Layne and senior associate Layton Suchma, with assistance from associate Caroline Oakley.

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 14 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.

For more information, please speak with our media contacts.

Discover our latest:

Insights

CLE Events

Sixth Annual Navigating the Annual Meeting and Reporting Season 

Join leading practitioners and industry voices for a timely discussion of the legal, regulatory, and governance developments shaping the next proxy season.

November 11, 2026

November 11, 2026 • 1-minute read

Navigating Series Background Decorative Image

Events

Peter Bergan to Moderate Panel at TMT Finance USA 2026

Partner Peter Bergan will moderate a panel at TMT Finance USA 2026 on October 6 titled “How is Datacenter Powered …

October 6, 2026

October 6, 2026 • 1-minute read

CLE Events

Texas Reincorporation 101: Recent Developments and Key Considerations for Boards

Join Vinson & Elkins and FTI Consulting for a webinar on the growing trend of companies reincorporating to Texas.

October 1, 2026

October 1, 2026 • 1-minute read

CLE Events

Financing and Bankability of Data Center Projects

This program will examine the key legal and commercial considerations for financing data center projects, with a focus on what makes these projects bankable for lenders and investors.

September 29, 2026

September 29, 2026 • 1-minute read

Events

Paige Anderson to Speak on BARBRI Webinar

Partner Paige Anderson will speak on BARBRI’s live video CLE program, “Mastering Public and Private REITs: Key Tax, Structuring, Financing, …

September 22, 2026

September 22, 2026 • 1-minute read

News & Achievements
V&E

Get in Touch

Thoughts or questions? Send us a note, and we’ll connect you with the right person.

The ESG GC: How Your Role as Chief Legal Officer is Integral To Your Company’s ESG Efforts Background Image