HOUSTON – Bracewell LLP is representing Driftwood Energy Operating, LLC in the sale of its Midland Basin assets to Vital Energy, Inc. (NYSE: VTLE), inclusive of all leasehold interests and hedges, in exchange for 1,578,948 shares of Vital common stock and $127.6 million in cash.
The transaction is expected to close early in April 2023.
Partners: Molly E. Butkus, Charles H. Still Jr., Timothy A. Wilkins and Daniel E. Hemli
Associates: John L. Stavinoha III and Jay Harper
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