Paul Hastings Advises SoftVest in $2.2 Billion Agreement With Blackbeard to Combine Permian Basin Royalty Trust and US Land Guild

Paul Hastings LLP advised SoftVest LP in its definitive agreement with Blackbeard Holdings LLC, a core portfolio asset of NGP Energy Capital Management, for the $2.2 billion combination of Permian Basin Royalty Trust (NYSE: PBT) and U.S. Land Guild.

M&A global co-chair Eduardo Gallardo led the Paul Hastings team, which also included M&A partners Jon Kubek, Dmitriy Molchanov and Peter Hays, and associates Tiffany Monzon, Jarrett Burks, Nick Caponi, Andrew Brooksbank, Shannon Kelly and Noah Light; Securities & Capital Markets partners Colin Diamond and Chris Centrich, of counsel Jennifer Ybarra Taylor and Shai Marshall, and associates Mary Royston, Bryce Couch, Matthew Schob, Madeline Sullivan and Will Yu; Tax partner Andrew Davis and associate Alissa Freltz; Executive Compensation partner Jason Ertel and associate Eden Lichaw; Energy & Infrastructure partner James Longhofer; and Structured Credit associate Min Chung.

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