Fried Frank acted as counsel to Evercore as financial advisor to Cimarex in its definitive agreement to acquire Resolute Energy Corporation for US$1.6 billion. Cimarex is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the US. Resolute is an independent oil and gas company focused on the acquisition and development of unconventional oil and gas properties in the Delaware Basin portion of the Permian Basin of west Texas. The transaction, which is expected to be completed by the end of the first quarter of 2019, is subject to the approval of Resolute shareholders, and the satisfaction of certain regulatory approvals and other customary closing conditions.
The Fried Frank team was led by partner Philip Richter and included partner Scott B. Luftglass and special counsel Brian A. Blitz.