Kirkland Advises Endurance Investment Partners on $1B Recapitalization of GulfTex Energy

Kirkland & Ellis advised Endurance Investment Partners, a Dallas-based energy and infrastructure investment platform, in connection with the $1 billion recapitalization of GulfTex Energy V into newly formed GulfTex Energy VI.

The recapitalization was led by Endurance, with additional commitments from GulfTex Management, PGIM Energy Partners and other minority investors. The transaction includes substantial unfunded equity commitments to support future M&A and continued growth.

GulfTex Energy is a San Antonio-based oil and gas exploration, production and development company with a long-established track record in the Eagle Ford in South Texas. Since entering the Eagle Ford in 2006, GulfTex Energy has leased over 100,000 net acres and drilled more than 150 horizontal wells.

Endurance Investment Partners LLC provides flexible, strategic partnership capital to sponsors and management teams to extend duration and maximize the value of private assets. Endurance has a strategic partnership with Rice Investment Group, a multi-strategy investment fund for the Rice family.

Read the transaction press release

The Kirkland team included corporate lawyers Kevin Crews and KJ Pedersen; investment funds lawyers Matthew Nadworny and Lily Anne Rasel; and tax lawyers David Wheat, Stephen Butler and Grant Newman.