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Callon Petroleum $3.2 billion acquisition of Carrizo Oil & Gas

15/7/2019
Public acquisition
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$ 3.2 billion

Announced

15/7/2019

Overview:

  • Callon Petroleum has acquired Carrizo Oil & Gas in a $3.2 billion deal. 
  • The all-stock transaction will create an oil and gas company with assets in the Permian Basin and the Eagle Ford Shale. 
  • JP Morgan acted as exclusive financial adviser for Callon and JPMorgan Chase and BofA Merrill Lynch advised Carrizo. 
  • The transaction is expected to close in the fourth quarter of 2019. 

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:
Baker Botts

Party: Carrizo Oil & Gas (Target)

Lawyers: Andrew Thomison, Gene Oshman, Jim Marshall

Davis Polk & Wardwell

Party: JP Morgan (Financial adviser)

Lawyer: William Aaronson

Kirkland & Ellis

Party: Callon Petroleum (Acquirer)

Lawyers: Alex Rose, Anthony Speier, Doug Bacon, Lanchi Huynh, Sean Wheeler

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