Acquisitions & Divestitures

• BHP Billiton – $10.8 billion divestiture of U.S. shale assets located collectively in the Permian, Eagle Ford, Haynesville and Fayetteville plays
• Murphy Exploration & Production Company – USA – $1.375 billion acquisition (with up to a $250 million contingent payment option) of offshore Gulf of Mexico assets
• BP – $5.6 billion divestiture of BP's Alaska operations and interests to Hilcorp Alaska
• International oil and gas company – $400 million acquisition of oil assets in the Alaska North Slope area
• Civitas Resources (NYSE: CIVI) – Approximate $2.1 billion acquisition of oil producing Midland Basin assets from Vencer Energy, a Vitol investment*
• Civitas Resources (NYSE: CIVI) – $2.25 billion acquisition of Midland Basin oil producing assets from Hibernia Energy III, a portfolio company of NGP Energy Capital Management*
• Crescent Energy Company (NYSE: CRGY) – $600 million acquisition of Western Eagle Ford assets from Mesquite Energy, Inc.*
• Private minerals company – divestiture of mineral and royalty interests in the Permian and Anadarko basins*
• Tall City Property Holdings III, a portfolio company of Warburg Pincus LLC – Divestiture of its Delaware Basin assets to Vital Energy (NYSE: VTLE) for $285 million in cash and 1.58 million common shares*
• Northern Oil and Gas, Inc. (NYSE: NOG) – $330 million acquisition of a 36.7% working interest in certain oil and gas leases and wells and associated midstream assets and infrastructure in Midland County, Texas, from Midland-Petro D.C. Partners, LLC*
• Northern Oil and Gas, Inc. (NYSE: NOG) – $110 million acquisition of Midland Basin oil and gas properties*
• Diversified Energy Company plc (LSE: DEC) – $240 million acquisition of certain upstream oil and gas assets and related facilities in Oklahoma and Texas from ConocoPhillips Company (NYSE: COP)*
• Stronghold Energy, a portfolio company of Warburg Pincus LLC – $465 million divestiture of its Permian Basin assets to Ring Energy, Inc. (NYSE: REI)*
• Red Bluff Resources and Bricktown Energy, portfolio companies of HPS Investment Partners – Divestiture of substantially all of their oil and gas properties to Citizen Energy*
• Maverick Natural Resources – $440 million acquisition of certain producing properties in the Permian Basin from ConocoPhillips (NYSE: COP)*
• Warburg Pincus and Chisholm Energy Holdings LLC – $604 million divestiture of Chisholm’s Northern Delaware Basin assets to Earthstone Energy, Inc. (NYSE: ESTE)*
• Elk Range Royalties, LP – Acquisition of royalty interests in the Permian Basin from an undisclosed seller*
• HG Energy II Appalachia, LLC/Quantum – $400 million divestiture of certain oil & gas assets to an affiliate of Wincoram Asset Management*
• Warwick Investment Group – $450 million acquisition of operated oil and gas assets in Texas's Eagle Ford Shale from Rosewood Resources and related drilling commitments*
• Warburg Pincus and Hawkwood Energy – Hawkwood’s $650 million acquisition by WildFire Energy I*
• Extraction Oil & Gas, Inc. (Nasdaq: XOG) – Approximately $2.6 billion all-stock merger of equals with Bonanza Creek Energy, Inc. (NYSE: BCEI) and Civitas Resources, Inc.’s $4.5 billion acquisition of Crestone Peak Resources*
• HPS Investment Partners LLC – $32.96 million acquisition of Echo Energy Partners I LLC’s assets out of bankruptcy*

Farmouts, "DrillCo" Transactions, and Other Project Development Arrangements

• Quantum Energy Partners – partnership with Bison Oil & Gas to form Bison Oil & Gas Partners IV, LLC with more than $500 million in equity capital commitments, and in closing multiple DJ Basin acquisitions*
• International oilfield services company – counseling regarding multiple drillco/participation arrangements
• Upstream portfolio company – joint development of certain assets in the Austin Chalk formation
• Public energy company – farmout of certain Marcellus and Utica Shale assets

Initial Public Offerings

• Kimbell Royalty Partners, LP – counseling regarding certain oil and gas issues for $104 million initial public offering of common units

* indicates matters handled prior to rejoining Baker Botts L.L.P.