Callon Petroleum $3.2 billion acquisition of Carrizo Oil & Gas

15/7/2019

Public acquisition

Value:

$ 3.2 billion

Status:

Announced

Date:

15/7/2019

Overview:

Callon Petroleum has acquired Carrizo Oil & Gas in a $3.2 billion deal.
The all-stock transaction will create an oil and gas company with assets in the Permian Basin and the Eagle Ford Shale.
JP Morgan acted as exclusive financial adviser for Callon and JPMorgan Chase and BofA Merrill Lynch advised Carrizo.
The transaction is expected to close in the fourth quarter of 2019.

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:

Baker Botts

Party: Carrizo Oil & Gas (Target)

Lawyers: Gene Oshman, Jim Marshall

Davis Polk & Wardwell

Party: JP Morgan (Financial adviser)

Lawyer: William Aaronson

Kirkland & Ellis

Party: Callon Petroleum (Acquirer)

Lawyers: Anthony Speier, Doug Bacon, Lanchi Huynh, Sean Wheeler

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