Shearman And Sterling

News October 11, 2021

Citizen Energy’s Agreement to Acquire Mid-Continent Assets

Shearman & Sterling advised Citizen Energy on its agreement to acquire gas-rich upstream assets from an undisclosed seller.

The transaction will result in Citizen acquiring approximately 8,000 BOEPD of production (58 percent gas and 25 percent NGLs), 97 operated wells, 400 non-op wells and 28,000 net acres that lie largely within Citizen’s existing footprint. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions.

The Team