Regency Energy Partners LP (“Regency”) (NYSE:RGP) and PVR Partners, L.P. (“PVR”) (NYSE:PVR) today announced that their respective boards of directors have unanimously approved a definitive merger agreement, pursuant to which Regency will acquire PVR. This acquisition will be a unit-for-unit transaction plus a one-time cash payment to PVR unitholders that collectively imply a value today for PVR of approximately $5.6 billion, including the assumption of net debt of $1.8 billion (more…)
American Energy – Utica, LLC (“AEU”), an affiliate of American Energy Partners, LP, raised approximately $1.7 billion in private equity commitments and term loan proceeds to pursue a business plan focused on the Utica Shale. AEU’s lead equity investor is The Energy & Minerals Group based in Houston, and additional equity was provided by First Reserve Corporation based in Greenwich, CT and others. The term loan facility was led by GSO Capital Partners based in New York and additional debt investors, including Magnetar Capital and BlackRock, Inc (more…)
John Wood Group PLC and Siemens AG have entered into a joint venture consisting of the Maintenance and Power Solutions businesses of Wood Group GTS (excluding its Rolls Wood Group, Trans Canada Turbine and Sulzer Wood joint ventures), and Siemens’ TurboCare business unit which provides aftermarket gas turbine, steam turbine and generator design, repair and manufacturing services. The joint venture will be a differentiated, integrated rotating equipment service provider to the power generation, oil & gas and industrial sectors (more…)
Bracewell & Giuliani LLP represented Los Angeles based Thomas Properties Group, Inc., a full-service real estate company, in a long term lease to Statoil Gulf Services L.L.C., the U.S. upstream subsidiary of the Norwegian energy company, at CityWestPlace in Houston’s Westchase District. The lease includes 581,000 square feet, which more than doubles the size of Statoil’s North American headquarters. By mid-2015, Statoil will occupy the entirety of the 431,000 square foot CityWestPlace Building 2 (2107 CityWest Boulevard). The company also extended its existing lease of 150,000 square feet in CityWestPlace Building 4 (2103 CityWest Boulevard) (more…)
Sidley Austin LLP announced today that S. Scott Parel will join the firm in Dallas as a partner and member of Sidley’s global Private Equity and M&A practices. Mr. Parel is joining eight of his former colleagues from Weil Gotshal & Manges who have recently moved to Sidley, two of whom also are members of the firm’s Private Equity practice (more…)
Michael T. Larkin has joined Porter Hedges as a partner in the Corporate Practice Group. He practices primarily in the areas of mergers and acquisitions, public and private offerings of securities, joint ventures and strategic alliances, and corporate and securities law matters. He has experience representing companies in the oil and gas, health care, telecommunications, technology, pharmaceuticals, manufacturing and professional services industries (more…)
Simpson Thacher is representing First Reserve Corporation and its portfolio company Templar Energy LLC in connection with a $1.0 billion acquisition of oil and gas assets located in the Texas Panhandle and western Oklahoma from Forest Oil Corporation. The transaction is expected to close on or before November 25, 2013, and is subject to customary purchase price adjustments, regulatory approvals and closing conditions (more…)
The international law firm Greenberg Traurig LLP added shareholder Christopher L. Bell in the environmental, energy and litigation practice groups, including environmental & toxic tort litigation (more…)
Bracewell & Giuliani LLP announced today that Jane H. Macon, Michael D. Bernard, Blakely L. Fernandez, and William T. Avila will join its San Antonio office as partners, working in the areas of public finance, public law, corporate law, and litigation (more…)
Perkins Coie is pleased to announce that John D. Penn has joined the firm’s Dallas office as a partner in the firm’s Bankruptcy & Restructuring practice. He will also spend time as needed in the firm’s New York office working on Chapter 11 bankruptcy filings in that venue. He was most recently a partner with Haynes and Boone LLP in Fort Worth. Penn is the fourth partner (and eighth attorney) to join the Dallas office since March (more…)
Rebecca A. Cohenour has joined Husch Blackwell as an Associate in its Dallas office. She is a member of the firm’s Business Litigation practice group (more…)
