Top 10 Legal Advisors in Oil & Gas Industry in the World in 2022 by Deal Volume
Kirkland & Ellis LLP, Vinson & Elkins LLP, Latham & Watkins LLP, White & Case LLP, and Gibson, Dunn & Crutcher LLP are among the top 5 legal advisors in the oil & gas industry in 2022 by deal volume. The Oasis Petroleum-Whiting Petroleum was a major deal in the Oil & Gas sector in 2022. Baker Botts LLP and Vinson & Elkins LLP served as legal advisors to Chord Energy, while Kirkland & Ellis LLP, and Latham & Watkins LLP served as legal advisors to Whiting Holdings. Oasis Petroleum Inc, an independent exploration and petroleum company, has completed the merger with Whiting Petroleum Corp, an independent exploration and production company. The transaction has an estimated equity value of approximately $3,520 million and an enterprise value of approximately $6,000 million. The transaction will significantly enhance the scale of production and free cash flow generation to return capital to shareholders by providing a significant cost-saving and operational synergy opportunity. Sitio Royalties-Brigham Minerals was another major deal in the Oil & Gas sector in 2022. Cleary Gottlieb Steen & Hamilton LLP and Vinson & Elkins LLP served as legal advisors to Brigham Minerals Inc, while Davis Polk & Wardwell LLP acted as legal advisor to Str Sub Inc. Sitio Royalties Corp, an oil & gas mineral and royalty interest company, has completed the merger with Brigham Minerals Inc, a mineral and royalty interest acquisition company, in an all-stock merger. The combined company has an aggregate enterprise value of approximately $4,800 million. The transaction enables both companies to bring together in the oil and gas mineral and royalty sector with complementary high-quality assets in the Permian Basin and other oil-focused regions. The Total Energies-Adani deal was one of the important deals in the Oil & Gas sector in 2022. Latham & Watkins LLP served as legal advisor to Total Energies. Total Energies SE, a France-based power generation company, has agreed to acquire a 25% stake in Adani New Industries Ltd (ANIL), a green hydrogen company from Adani Enterprises Ltd., an integrated infrastructure company, for a purchase consideration of $12,500 million.