Willkie represented Bruin Purchaser LLC in the sale of its wholly owned subsidiary, Bruin E&P HoldCo, LLC, to Enerplus Resources (USA).
On January 25, Willkie client Bruin Purchaser LLC agreed to sell its wholly owned subsidiary, Bruin E&P HoldCo, LLC, to Enerplus Resources (USA) Corporation in exchange for total cash consideration of $465 million (subject to customary purchase price adjustments). The transaction is anticipated to close in early March 2021, subject to customary closing conditions.
Bruin is a pure play Williston Basin oil and gas company that owns and operates roughly 150,000 acres across the basin. Enerplus is an independent North American oil and gas exploration and production company.
The Willkie deal team was led by partners Steven Torello and David Aaronson and associates Albert Jou and Ashley Whittington.