January 12, 2022
Desert Peak Minerals and Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) have announced that they have entered into a definitive agreement to combine in an all-stock transaction that values the combined enterprise at US$1.9 billion. The combination is expected to create a premier mineral and royalty company at the front end of operators’ cost curves, with low leverage, an emphasis on shareholder returns and a significant footprint in the Permian Basin and Eagle Ford.
Latham & Watkins LLP represents Falcon Minerals in the transaction with a corporate deal team led by Houston partners Nick Dhesi and Ryan Lynch and Houston/Austin partner Bill Finnegan, with associates Clayton Heery, Kate Wang, Michael Basist, Ziyad Barghouthy, and Janhavi Das. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee, with associate Emily Fawcett; on finance matters by Houston partner Matthew Jones, with associate Chris Wood; on intellectual property matters by New York partner Jeffrey Tochner, with associate Sebastian Moss; on antitrust matters by Washington, D.C. partner Jason Cruise and counsel Peter Todaro, with associate Alexandra Clark; on environmental matters by Houston partner Joel Mack and Los Angeles counsel Josh Marnitz; on oil and gas related matters by Houston partner Stephen Szalkowski; and on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum.