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Vinson & Elkins Represents Mach Natural Resources in $787 Million Acquisition of San Juan Basin Assets from IKAV Energy

Deals & Cases

July 10, 2025 • 2-minute read

Vinson & Elkins LLP represented Mach Natural Resources LP (NYSE: MNR) (“Mach”) in a definitive agreement to acquire oil and gas assets located in the San Juan Basin from IKAV Energy Inc. (“IKAV”) for approximately $787 million in a cash-and-stock transaction.

The deal is expected to close in the third quarter of 2025, with an effective date of April 1, 2025.

The Vinson & Elkins team was led by partner Shay Kuperman and senior associate David Latham, with assistance from partners Mike Telle and Caitlin Turner. Other key team members included were partner Crosby Scofield, counsel Elena Sauber, and associates Joseph Balhoff, Pranay Malempati, Jessica Rosenwasser, and Kelly McGee; senior associate Layton Suchma and associate Chase Browndorf; counsel Carter Olson and associates Taylor Kopriva and Tyler Wagner; partner Suzanne Clevenger, counsel Mike Malenfant, and associate Reagan Lutter. Also advising were partner Sarah Mitchell, counsel Alexander Baker, senior associate Victoria Bahrami-Negad, and associate Micah Tardy; partner Jennifer Cornejo and senior associate Kelly Rondinelli; partner Ryan Carney and associates Jeff Slusher and Tripp Haskins; partner Matt Stammel and associate Winnie Anderson; partner Becky Baker, senior associate Peter Goetschel, and associate Julia Burns; partner Patricia Adams, senior associate Nicole Waterstradt, and associate Henry Crowell; partner Kara Kuritz and associate Rami Rashmawi; counsel Rajesh Patel and senior associate Haley Titcomb; partner Courtney Hammond, counsel Carrie Winkler, and associate Karley Jones.

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 13 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.

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