Jackson Walker represented Hydrosource Logistics, LLC, in the sale of Intrepid Ranch to EagleRock Land, LLC (“EagleRock”) for a total purchase price of $78.2 million. EagleRock funded the acquisition through a combination of cash on hand and borrowings under its existing revolving credit facility.

Intrepid Ranch is located in Lea County, New Mexico, and comprises approximately 50,000 surface acres adjacent to EagleRock’s existing New Mexico surface position, including approximately 22,000 fee acres.

The acreage includes several million barrels per year of currently producing commercial water rights, several million barrels of above-ground storage capacity, multiple saltwater disposal wells, active caliche pits, and permitted sand mines. The acquisition also materially expands EagleRock’s contiguous Delaware Basin position and supports opportunities to optimize water infrastructure, surface use agreements, and additional royalty development.

The Jackson Walker team was led by Danny Nappier, Reagan M. Marble, and Daniel Maldonado, with assistance from Justin Meyer, Nathan T. Smithson, and Graeme Hawkins.

For more information about the transaction, view “EagleRock Acquires Intrepid Ranch.”

About Jackson Walker

Since 1887, Jackson Walker has represented some of the most influential companies and business leaders in the world. Today, the firm remains firmly rooted in Texas while serving clients around the globe. With more than 500 attorneys, Jackson Walker is the largest law firm in the state and consistently ranks among leading firms in Chambers and Partners, Best Law Firms® by Best Lawyers, and as a BTI Client Service A-Team based on feedback from corporate counsel. To explore the firm’s experience representing public and private upstream oil and gas, pipeline and midstream, electric power, and oilfield service companies, visit the Energy Acquisition & Disposition practice page.