News & Achievements

Vital Energy to Significantly Increase Permian Basin Scale Through Accretive Transactions

Deals & Cases

September 14, 2023 • 1-minute read

Vinson & Elkins advised Vital Energy, Inc. in its agreement to purchase all of Tall City Property Holdings III LLC’s Delaware Basin assets for $285 million in cash and 1.58 million common shares, net of customary closing price adjustments. Vinson & Elkins also advised Maple Energy Holdings, LLC in connection with its agreement to sell all of its Delaware Basin assets to Vital Energy in an all-equity transaction consisting of 3.31 million common shares, net of customary closing price adjustments.

The Vinson & Elkins team advising Vital Energy was led by partner Bryan Loocke and counsel Joclynn Marsh, with assistance from senior associate Alex Turner and associates Kene Obi and Brad Oster. Other key team members included partner Thomas Zentner and associates Walt Baker and John Frey; partner Todd Way and associates Jeff Slusher and Katie Dillard; partner Matt Dobbins and associate Kelly Rondinelli; partner Becky Baker; partner David D’Alessandro, counsel Missy Spohn and associates Andrew Cox and Cassandra Zarate; counsel Evan Miller and associate Adam Thomas; and partner James Longhofer and associate Joe Higdon.

The Vinson & Elkins team advising Maple Energy Holdings was led by partner John Grand and counsel Elena Sauber, with assistance from partner Stancell Haigwood, senior associate Patrick Whelan and associates Peter Faour, Jessica Rosenwasser and Elisie Lee. Other key team members included partner David Peck and associate Adam Bateman; partner Matt Dobbins and associates Kelly Rondinelli, Alyssa Sieja and Ryan Vanderlip; partner James Longhofer and senior associate Joe Higdon; partner Steve Abramowitz; partner Darren Tucker and senior associate Ryan Will; and partner Sarah Mitchell.

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.

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