“Big Texas Energy Deals Include Unique Mineral Interests Acquisition”
Osprey Energy Acquisition Corp., an energy-focused special purpose acquisition company (SPAC), announced June 4 that it plans to acquire the assets of Royal Resources, which is owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners. The assets are Blackstone’s mineral interests in the Eagle Ford Shale.
…Thompson & Knight represented Brazos Midstream Holdings in the $1.75 billion sale of its Delaware Basin subsidiaries to a subsidiary of North Haven Infrastructure Partners (NHIP), which turned to Latham & Watkins. Weil, Gotshal & Manges represented Old Ironsides Energy, which is the financial sponsor for Brazos.
On May 29, Brazos, based in Fort Worth, and Boston-based Old Ironsides announced the completion of its sale. Brazos is now a portfolio company of NHIP, which is an investment fund managed by Morgan Stanley Infrastructure.
The Thompson & Knight team for Brazos is led by partners Wesley Williams and J. Dean Hinderliter, both of Dallas, and Cole Bredthauer of Fort Worth.