LINN Energy, LLC (Nasdaq:LINE) and LinnCo, LLC (Nasdaq:LNCO) announced today that LINN has signed a definitive agreement to acquire assets in five U.S. operating areas from Devon Energy Corporation (NYSE:DVN) for $2.3 billion. The asset package is comprised of approximately 900,000 net acres across the Rockies, Mid-Continent, east Texas, north Louisiana and south Texas regions with approximately 4,500 total wells. LINN has identified over 1,000 future drilling locations and over 600 recompletion opportunities. LINN has secured $2.3 billion of committed interim financing for the acquisition of Devon assets, subject to final documentation. The financing was lead arranged by Scotiabank and included Barclays, RBC Capital Markets and Wells Fargo. (more…)
Bracewell & Giuliani LLP announced today that Robert A. Jacobson has joined the firm as a tax partner in its Houston office. Jacobson focuses his practice on a wide range of tax matters, particularly the structuring of federal income tax effects on partnerships, corporations and individuals involved in complex domestic and international business transactions. He has experience in mergers and acquisitions, reorganizations and capital markets transactions, with a focus on transactions involving master limited partnerships (MLPs). (more…)
Dentons announced today the addition of an intellectual property team led by Michael R. Samardzija, PhD, who joins the Firm as a partner in the Firm’s Houston office, along with counsel Heather Khassian and associate Karthika Perumal, PhD. The team enhances the Firm’s formidable Intellectual Property and Technology group, a top-tier practice consisting of more than 100 lawyers and technically trained professionals.
Samardzija focuses his Intellectual Property practice on the life sciences and clean technology sectors, helping clients secure, transfer, commercialize and protect the rights to their innovations, including microbe technologies to remediate petrochemical spills. He has represented clients in patent infringement litigations and in various technology-based transactions, including licenses, agreements for technology development, transfer, acquisition, joint development, collaboration, product development, strategic alliance, and product distribution. (more…)
FordHarrison LLP is pleased to announce that Jennifer Jones has joined the firm as a Senior Associate and Brian Landa as an Employment Attorney, both in the Dallas office. This follows a recent expansion that brought Partners Adam Dougherty, Fred Gaona, and Lawrence McNamara to the Dallas office at the end of 2013.
“We are so excited to have Jennifer and Brian join as a part of the growth and development of our office,” said Vista Lyons, the Office Managing Partner of FordHarrison’s Dallas office. “Jennifer has vast traditional labor experience and Brian possesses a great deal of knowledge regarding employment law. They both have the utmost commitment to excellent client service and we feel lucky to have them as part of the expansion to our footprint in Dallas, and nationwide.” (more…)
The law firm of Thompson & Knight LLP is pleased to welcome Bruce Merwin as a Partner in the Real Estate and Banking Practice Group of the Firm’s Houston office.
“With more than three decades of experience, Bruce is a seasoned real estate lawyer with experience in a wide array of complex real estate transactions as well as noted expertise in construction transactions,” said Andrew A. Ingrum, the Firm’s Real Estate and Banking Practice Group Leader. “His impressive skillset will complement our existing practice and create synergies enabling us to grow our market share.” (more…)
On June 17, 2014, Valero Energy Corporation (NYSE: VLO) announced the approval of the drop-down of certain assets to Valero Energy Partners LP (NYSE: VLP) for total consideration of $154 million.
The assets to be sold include:
- The McKee Crude System, located in Sunray, Texas
- The Three Rivers Crude System, located in the Eagle Ford shale region in South Texas
- The Wynnewood Products System, located in Ardmore, Oklahoma
Baker Botts represented VLO in the drop-down.
Littler, the world’s largest employment and labor law practice representing management, has added widely respected attorney Arthur (Art) T. Carter to its Dallas office. A Chambers-ranked attorney and Board Certified in Labor and Employment Law by the Texas Board of Legal Specialization, Carter was previously a partner with Haynes and Boone. He joins Littler as a shareholder and brings more than 30 years of labor and employment law experience. (more…)
Durham C. McCormick Jr. has joined McGuireWoods LLP’s Tax and Employee Benefits Department as a partner in the firm’s Houston office.
McCormick brings nearly a decade of experience advising clients in the energy industry with significant engagements for the development and financing of renewable energy projects, including wind, solar and geothermal facilities. He advises clients on production and energy investment tax credits, project development agreements, project acquisitions and sales, power purchase agreements, financings, and federal and state tax planning and structuring, and other transactional matters. (more…)
DLA Piper announced today that Karl Dial will join the firm’s Litigation practice as a partner in the Dallas office.
Dial is a trial lawyer who handles complex business and commercial litigation. He represents directors and officers in securities class actions, derivative cases and proxy solicitation claims. A CPA, he also has significant experience representing accounting, consulting and law firms in defense of professional negligence, malpractice and breach of duty litigation. He has tried trade secrets and intellectual property cases as well, and handles arbitrations in addition to general commercial litigation work. (more…)
Jackson Walker L.L.P. welcomes John Ransom as a partner in its Houston office. Mr. Ransom adds considerable strength to the firm’s Tax practice, whose deep bench includes some of the pre–eminent tax lawyers in the state. (more…)
