PDC Energy $1.5 billion acquisition of Kimmeridge Energy Management companies

Overview:

• PDC Energy has acquired two privately held companies from private equity firm Kimmeridge Energy Management in a $1.5 billion deal.
• The two companies provide PDC with around 57,000 acres in Texas' oil-producing Delaware Basin.
• The deal is expected to close in Q4 of this year.
• Davis Graham & Stubbs (John Elofson, Kristin Lentz, Greg Danielson) advised PDC.
• Sidley Austin (Irving Rotter, Jim Rice, Anna Ha) advised the target.

Kurt Stumpo - Journalist - North America and the Caribbean