Whiptail Midstream announced that the company has acquired the oil, gas, and water gathering assets of DJR Energy in the Gallup oil window of the San Juan Basin. As part of the transaction, DJR has agreed to a long-term dedication of its leasehold acreage for oil, natural gas, and water production to Whiptail. The acquisition more than doubles Whiptail’s dedicated acreage, miles of pipeline and production flowing on its assets. The company now has more than 475,000 dedicated acres and nearly 525 miles of pipeline in the San Juan Basin.
Latham & Watkins LLP represents DJR Energy in the transaction with a corporate deal team led by Houston partners Robin Fredrickson and Mike King, with Houston associates Greg Sorensen, Sarah Dunn, and Vera Bespalova. Advice was also provided on tax matters by Houston partner Jared Grimley, with Houston associate Emily Fawcett; and on finance matters by Houston partner Catherine Ozdogan, with Houston associate Max Fin.