Houlihan Lokey Advises Alpine Summit

Houlihan Lokey is pleased to announce that Alpine Summit Energy Partners Inc. and certain of its subsidiaries (Alpine Summit) have successfully sold the company’s oil and gas assets in South Texas and Giddings Field in Texas.

Alpine Summit was a publicly traded company that owned and operated oil and gas assets in the Austin Chalk and Eagle Ford formations in Texas.

Houlihan Lokey ran an expedited sales process and executed the sale of substantially all of the company’s assets. The marketing process generated strong interest from a broad buyer universe, and the South Texas asset sale closed within ~two months of buyer outreach. Houlihan Lokey leveraged its strong buyer relationships to drive competitive tension and value.

The sale of Alpine Summit’s South Texas assets closed on September 20, 2023, for a total value of $83 million, and the sale of the Giddings assets closed on November 17, 2023.

Houlihan Lokey acted as the financial advisor and investment banker to Alpine Summit in all aspects of the transaction, including marketing, structuring, and negotiating the company’s asset sales.