News Releases

Baker Botts Advises Legacy Star and Peak 10 in Platform Launch and Initial Acquisition Closing


Deal description: Peak 10 Energy (“Peak 10”) today announced its launch as an oil and gas investment platform focused on acquiring long-life oil and gas assets throughout the continental United States. Peak 10’s asset base consists of non-operated oil and gas properties in Reeves, Fisher, Scurry, Gaines, Dawson and Andrews Counties, including over 100 producing wells and a multi-year drilling program of tier 1 undeveloped drilling opportunities.

Building on a portfolio of long-life Permian Basin assets, Peak 10’s inaugural platform acquisition is its purchase of non-operated upstream oil and gas and associated water handling and recycling assets in the Eastern Shelf of the Permian Basin in Fisher and Scurry Counties, Texas, which closed with a private seller on August 23, 2023.

Peak 10’s capitalization consists of cash, contributed assets and future capital commitments from Legacy Star Capital Partners, a Texas-based asset management firm, as well as debt financing from Prudential Private Capital, Prudential Energy Capital Partners, LP., and Production Lending, LLC, which in aggregate are estimated to exceed $500 million in balance sheet resources.

Legacy Star and Peak 10 are advised by Baker Botts LLP.

Baker Botts Partners/Offices Involved:

Corporate: Clay Brett (Partner, Houston), Sarah Dodson (Partner, Dallas), Josh Gonzales (Senior Associate, Houston), Michael Donnellan (Associate, Houston), Chelsea Johnson (Associate, Houston), Talha Chaudry (Associate, Houston), Jenna Kabrich (Associate, Austin)

Finance: Caitlin Lawrence (Partner, Houston), Richard Sitton (Senior Counsel, Houston), Lyman Paden (Special Counsel, Houston), Demi Kampakis (Associate, Dallas), Morgan Copher (Associate, Dallas), Delaram Peimani (Associate, Austin)

Tax: Jon Lobb (Partner, Houston)

Global Projects: Megan Young (Associate, Houston), Andrew Crayden (Associate, Houston)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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