Recent PJ Solomon Energy Advisory Group Transactions

Based in Oklahoma City, Duke Ligon is a senior advisor to the Peter J. Solomon Company. In his position with the Houston-based energy firm, Duke Ligon draws on nearly five decades of experience in the energy sector, including serving as CEO of Oklahoma City’s Mekusukey Oil.

The PJ Solomon Energy Advisory Group is active across numerous energy-industry sectors and subsectors. In 2018, the group advised on significant transactions, including a $477 million divestiture of assets from Utica Minerals Development, LLC (UMD) to Ascent Resources, LLC. The transaction represented one piece of Ascent Resource's $1.5 billion acquisition of certain assets belonging to UMD, Hess Corporation, CNX Resources, and a fourth undisclosed seller. Following the acquisition, Ascent Resources reported growth in Ohio's Utica shale field, with proved reserves of oil, natural gas, and natural gas liquids reserves increasing to approximately 7.6 trillion cubic feet of natural gas equivalent, ahead of 12-month projections.

The Energy Advisory Group also served in a financial advisory role on behalf of Canyon Midstream Partners during its sale of Pomelo Connector, LLC, to Spectra Energy Partners, LP. For a more in-depth look at these transactions or a complete list of those handled by the PJ Solomon Energy Advisory Group, visit pjsolomon.com.

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