Deal description: Kayne Energy Private Equity (“Kayne Energy PE”) and 89 Energy III, LLC (“89 Energy”) are pleased to announce the formation of Land Run Minerals V, LLC (“LRM V”), a royalties acquisition and management strategy launched from the 89 Energy platform.

In conjunction with the formation of LRM V, Kayne Energy PE and 89 Energy are excited to announce LRM V’s initial acquisition of a unique, large-scale, mature royalties asset located in the core fairway of the Mid-Continent’s STACK play.

Baker Botts advised 89 Energy in this acquisition and the related financing.

The company’s press release can be found here.

Baker Botts Lawyers/Offices:

Corporate: Larry Hall (Partner, Dallas), Jonathan Platt (Partner, Dallas), Trevor LaBarge (Associate, Dallas), Ellen Reeder (Paralegal, Austin)

Finance: Shad Sumrow (Partner, Dallas), Lyman Paden (Special Counsel, Houston), Spencer Crawford (Associate, Dallas)

Global Projects:  Matthew Fusina (Partner, Washington, D.C.)

Tax: Stephen Marcus (Partner, Dallas), Josh Mandell (Partner, Dallas), Jordan Hahn (Senior Associate, Dallas), Peter Farrell (Special Counsel, Washington, D.C.),

Employee Benefits: Jason Loden (Partner, Dallas),

Antitrust: Michael Bodosky (Special Counsel, Washington, D.C.)

Litigation: Jason Newman (Partner, Houston)

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