Stout provided a fairness opinion to MAP Energy, LLC (“MAP”) in connection with a GP-led continuation vehicle transaction involving MAP Heritage Fund, LP. The fund owns a premier portfolio of oil and gas mineral and royalty assets encompassing more than 1 million net royalty acres, including positions in the Permian, Haynesville, Eagle Ford, Mid-Continent, Appalachia, and Williston regions.

This transaction represents one of the largest GP-led continuation fund transactions completed in the energy sector to date.