Noteworthy Work
K&L Gates Advises Peoria Resources in Acquisition of Oil and Gas Hedge Portfolio
Global law firm K&L Gates LLP advised Peoria Resources, LLC, a subsidiary of JAPEX (US) Corp., in its acquisition of the hedge portfolio of Verdad Resources Holdings LLC supporting its oil and gas business. The transfer of the hedge portfolio was part of a transaction in which Peoria acquired the oil and gas business of Verdad Resources. K&L Gates assisted Peoria Resources in moving the hedge portfolio from the existing hedge providers to several of the lenders in the new reserve-based debt facility Peoria put in place in conjunction with the acquisition of the Verdad Resources business.
In 2025, K&L Gates advised JAPEX in connection with its equity commitment in Peoria Resources. This 2026 transaction by Peoria Resources is part of JAPEX’s plans to grow its existing oil and gas business in the US.
The K&L Gates team for JAPEX was led by Houston partner Robert George, with assistance from Houston associate Hilary Soileau, Dallas associate Devon Poage, and Nashville associate Hunter Thornton.
K&L Gates is a fully integrated global law firm. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
