Willkie Farr & Gallagher LLP represented Peoria Resources, LLC, a subsidiary of JAPEX (U.S.) Corp., in its approximately $1.26 billion acquisition of the entire operated oil and gas business of Verdad Resources Holdings LLC, completed on February 26, 2026.
Willkie also advised Peoria on a reserve-based debt facility financing in connection with the acquisition.
The acquired portfolio comprises approximately 101,000 net acres across Colorado and Wyoming in the Denver-Julesburg Basin, focused on horizontal Niobrara and Codell formation development.