Overview
International law firm McDermott Will & Emery represented Westlawn Group LLC (Westlawn), an investment firm focused on long-term investment in the global oil and gas industry, and a subsidiary of Westlawn, Ellipsis US Onshore Holdings LLC (Ellipsis), a Dallas-based private energy company focused on the acquisition and development of large producing oil and gas assets in the United States (US), in Ellipsis’ acquisition of non-operated oil and gas assets located in multiple onshore US basins.
The assets acquired consist of non-operated oil and gas assets with current production of more than 6,000 boe/d (2-stream) and significant operational upside associated with approximately 550 gross remaining locations. The assets are located in the Permian Basin of Texas and New Mexico, the Denver-Julesburg Basin of Colorado and the Texas-Louisiana Salt Basin of Louisiana. Pro forma, Ellipsis anticipates 2024 production to average in excess of 13,000 boe/d (2-stream) with more than 1,900 remaining gross locations in inventory.
The McDermott deal team was led by Kevin Brophy, Ming Lei and Jack Langlois and included Sarah Nabors, Alex Farr, Kathy Schumacher and Jacob Hollinger.
Read Westlawn’s announcement here.
About McDermott
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