Haynes Boone represented IKAV Energy in its $787 million transaction involving oil and gas assets in the San Juan Basin with Mach Natural Resources LP.
“We’re proud to have partnered with IKAV from their inaugural entrance into the basin in early 2020 through their latest transformative transaction,” Austin Elam, partner of Haynes Boone, who helped to lead the Haynes Boone deal team, said. “The broader transaction structure is representative of the creative dealmaking we are seeing in the current energy M&A market.”
“We are excited to transition IKAV’s San Juan assets into Mach Natural Resources and to become a significant shareholder of the company,” Constantin von Wasserschleben, chairman of IKAV, said in a statement. “Mach’s strong industrial logic aligns with our long-term vision for this exceptional asset and beyond.”
The transaction is expected to close during Q3/25, each with an effective date of April 1, 2025.
In addition to Elam, the Haynes Boone team included energy associate Reem Abdelrazik, with additional support from associates Bradley Potts and Sam Richards as well as capital markets partner Stephen Grant and tax counsel Danielle Marr.
