24 Oct 2025

"Kirkland & Ellis Advises GEP Haynesville II on Majority Interest Sale to JERA"

"Kirkland & Ellis advised GEP Haynesville II, LLC on the sale of its majority interest in South Mansfield upstream to JERA. GEP will receive an upfront payment and deferred monthly payments through 2029 based on a development plan, while continuing to operate the asset under a Contract Operating Agreement. The Kirkland team included various specialists in corporate, finance, tax, environmental, antitrust, employment, and other legal areas."

Kirkland & Ellis advised GEP Haynesville II, LLC on the sale of its majority interest in South Mansfield upstream to JERA. The transaction involves an upfront purchase price along with deferred monthly payments through 2029, which are contingent on a predefined development plan. GEP will maintain operational continuity by continuing to operate and develop the upstream asset under a Contract Operating Agreement on a fixed fee basis, while also retaining ownership and operation of other Haynesville assets not involved in this transaction. The Kirkland team included corporate lawyers Chris Heasley, Albert Jou, John Pitts, Luke Strother, Chelsea Daku, Rachel Miller, and Braxton Iden; debt finance lawyers Mary Kogut, Layton Bell, Grant Gannon, and Hope Rovner; tax lawyers David Wheat, Joe Tobias, and Brooke Schafer; environmental transactions lawyers Jonathan Kidwell and Courtney Tibbetts; antitrust & competition lawyers Chuck Boyars, Matthew Wheatley, Joe Krisko, and Meredith Faith Malcolm; employment & labor lawyers Christie Alcala and Paul Vasiloff; employee benefits lawyers Alexandra Mihalas and Jack Amaro; derivatives lawyer Drue Santora; international trade & national security lawyers John Kabealo, Chad Crowell, Nick Perez, and Joyce Song; transactional liability insurance lawyer Hayley Hollender; and litigation lawyer Shayne Henry.
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