Davis Polk & Wardwell LLP is advising DLJ Merchant Banking Partners, the 32% shareholder of Pinnacle Gas Resources, Inc., in connection with the all-cash $0.34 per share sale of Pinnacle to an investor group led by Scotia Waterous (USA) Inc., and including certain members of Pinnacle's management team. The merger is expected to close during the second quarter of 2010.

DLJ Merchant Banking Partners is the private equity investment arm of Credit Suisse, with a 25-year history of leading leveraged buyout and related transactions in the middle market. Sheridan, Wyoming-headquartered Pinnacle Gas Resources is an independent energy company engaged in the acquisition, exploration and development of domestic onshore natural gas reserves. Scotia Waterous is the oil and gas investment and merchant banking division of The Bank of Nova Scotia with offices in Beijing, Buenos Aires, Calgary, Denver, Houston, London and Singapore.

The Davis Polk corporate team includes partner Nancy L. Sanborn and associate Alexander N. Macleod. The tax team includes partner Mary Conway. All members of the Davis Polk team are based in the New York office.