August 11, 2021
Weil is advising Blackstone Energy Partners, as 70% stakeholder in Vine Energy Inc., an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana, in Vine's pending $2.2 billion sale to Chesapeake Energy Corporation, an explorer and developer of unconventional oil and natural gas assets onshore in the United States. The transaction is expected to close in the fourth quarter of 2021, subject to shareholder approval and other customary closing conditions.
The Weil team advising Blackstone Energy Partners is led by Mergers & Acquisitions partner Raymond Gietz and Private Equity partner Jeff Malonson and includes Mergers & Acquisitions associate Joseph Cho and Private Equity associate Scott Bailey. The team also includes International Tax Head Devon Bodoh; Tax associate Nikolai Karetnyi; and Antitrust partner Vadim Brusser.