King & Spalding advised Marubeni-Itochu Tubulars America Inc. on its $600 million purchase of Sooner Inc., the casing and tubing business of Oil States International, Inc. Marubeni-Itochu is a unit of Japan’s Marubeni-Itochu Steel. King & Spalding’s role on this transaction is another example of the firm’s strength in the energy sector and demand for its services within the Texas oil and gas industry (more…)
Jackson Walker L.L.P. successfully represented Teladoc, Inc. in its recent acquisition of Consult A Doctor in a deal that was announced on Sept. 4, 2013. The firm also assisted Teladoc in closing on approximately $15 million in Series E financing (more…)
Experienced intellectual property litigator and former ExxonMobil technology manager Jeffrey J. Phillips has joined the Houston office of Jones Walker LLP as a partner in the firm’s Business & Commercial Litigation Practice Group (more…)
Bob Thibault, a veteran lawyer who has represented a wide range of oil and gas companies involved in transactions and highly technical energy disputes, has joined the Haynes and Boone, LLP Energy Practice Group as Of Counsel in the Houston office (more…)
Akin Gump Strauss Hauer & Feld LLP advised South Korea’s SK E&S in a binding 20-year Liquefaction Tolling Agreement with Freeport LNG Expansion, L.P. for 2.2 million tons per annum of capacity in the third train of Freeport LNG’s proposed natural gas liquefaction and LNG loading facility on Quintana Island, Texas (more…)
King & Spalding advised Freeport LNG Expansion, L.P., in the company’s agreements to enter into binding 20-year liquefaction tolling agreements (LTAs) with SK E&S LNG, LLC and Toshiba Corporation, each for a base quantity of 2.2 million tons per annum (mtpa), commencing upon completion of construction of the third train of Freeport LNG’s proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas (more…)
Akin Gump Strauss Hauer & Feld LLP advised Diamondback Energy, Inc. in its definitive agreement with IBEX Mineral Resources LLC and Beehive Partners LLC to purchase mineral interests underlying approximately 15,000 gross (12,500 net) acres in Midland County for approximately $440 million, subject to certain adjustments. The proposed transaction is expected to close by the end of September 2013, subject to completion of due diligence and satisfaction of closing conditions. Diamondback intends to finance the acquisition with debt and cash on hand (more…)
On September 3, 2013, Halliburton and Trinidad Drilling entered into a joint venture to provide and operate drilling rigs for Halliburton’s international integrated projects. Halliburton will own a 40% stake in the joint venture, which will conduct business under the name Trinidad Drilling International. Trinidad Drilling, a Canadian drilling rig operator, will hold a 60% stake in the venture, but Halliburton and Trinidad Drilling will share equal voting rights and representation on the board of directors. The joint venture will have a right of first look to provide drilling rigs for all of Halliburton’s managed onshore projects outside of Canada and the United States, and a right of first look at Trinidad Drilling’s onshore contract drilling opportunities outside of Canada and the United States (more…)
Polsinelli welcomes attorneys Riva T. Johnson, Patti J. Hedgpeth and Meredith VanderWilt to the firm’s national Employee Benefits & Executive Compensation Practice. The trio joins a deep bench of employee benefits attorneys who cover all aspects of plan creation and design, executive compensation agreements and compliance responsibility. Charlotte K. Ackley, a senior benefits advisor, also joins Polsinelli and brings 25 years of employee benefits experience having previously worked with Johnson and Hedgpeth for many of those years as well. With this addition, Polsinelli’s Employee Benefits & Executive Compensation Practice is now one of the largest in Dallas and growing nationally (more…)
Andrews Kurth LLP is pleased to announce that Julie Houston has joined the firm’s Public Finance practice as Counsel in Austin (more…)
International law firm Weil, Gotshal & Manges is representing Houston-based oil and gas producer Apache Corporation in the sale of a 33 percent stake in its Egyptian oil and gas business to China’s Sinopec International Petroleum Exploration and Production Corporation (Sinopec). Apache’s Egyptian production in 2012 totaled an average of 100,000 barrels of oil and 354 million cubic feet of natural gas per day, while providing employment for about 9,000 people in Egypt, where the company has two decades of industry experience. In announcing the transaction on August 29, 2013, Apache pointed to the Sinopec deal as the first step in a global strategic partnership between the two companies to pursue joint upstream oil and gas projects. The deal is expected to close in Q4 (more…)
Jackson Walker L.L.P. successfully represented its client, American Communications, in its acquisition by Clover Holdings, Inc. The deal was announced on Aug. 13, 2013 (more…)
