Scott Arrington, a highly respected energy transactional lawyer, plans to join Locke Lord as a Partner in its Corporate and Transactional Department and the Energy Practice Group. Arrington, who helped launch McDermott Will & Emery’s Houston office in 2008, begins with Locke Lord Aug. 25 and will be based in the Firm’s Houston office. (more…)
Mayer Brown, a leading global law firm, announced today that Thomas J. Moore has joined the firm’s Houston office as a partner in the Corporate & Securities and Oil & Gas practices. Previously, he was a partner with Baker Botts in Houston. (more…)
LINN Energy, LLC (Nasdaq:LINE) (“LINN”) and LinnCo, LLC (Nasdaq:LNCO) (“LinnCo”) announced that LINN signed a definitive purchase agreement to acquire assets in the Hugoton Basin from Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer”) for a contract price of $340 million. The assets are currently producing approximately 40 MMcfe/d, approximately 60 percent of which is natural gas, with a shallow base decline of approximately six percent. Total proved reserves are estimated to be approximately 340 Bcfe (approximately 95 percent PDP). The asset package is comprised of approximately 235,000 net acres, all held by production, with approximately 1,200 producing wells. LINN has identified 180 future drilling locations and 150 recompletion opportunities. The acquisition is anticipated to close in the third quarter of 2014 with an effective date of July 1, 2014. (more…)
VTTI Energy Partners LP (NYSE: VTTI), a Marshall Islands limited partnership, completed its initial public offering of 20,125,000 common units (including 2,625,000 common units pursuant to the underwriters’ option to purchase additional common units). The common units were sold by VTTI MLP Partners B.V., a wholly-owned subsidiary of VTTI B.V. (more…)
On August 5, 2014, Transocean Partners LLC (NYSE: RIGP), a Marshall Islands limited liability company formed by Transocean Ltd. (NYSE: RIG), completed its initial public offering of 20,125,000 common units representing limited liability company interests (including 2,625,000 common units sold pursuant to the underwriters’ option to purchase additional units) at $22.00 per unit. All of the common units were sold by Transocean Partners Holdings Limited, a wholly owned subsidiary of Transocean Ltd. (more…)
Vanguard Natural Resources, LLC today announced it has entered into a definitive agreement to acquire natural gas, oil and natural gas liquids (“NGLs”) assets in North Louisiana and East Texas for a purchase price of $278 million from Hunt Oil Company. The properties consist of approximately 23,000 net acres that are currently producing approximately 17.5 MMcfe per day, with approximately 67% natural gas and 33% oil and NGLs. The effective date of the acquisition is June 1, 2014, and the anticipated closing of the acquisition is on or before October 1, 2014. (more…)
Akin Gump represented Alliance Data Systems Corporation in a recently completed Rule 144A/Regulation S offering of senior notes.
The offering consisted of $600 million aggregate principal amount of 5.375 percent senior notes due 2022. The notes are general unsecured senior obligations of Alliance Data Systems, guaranteed on a senior unsecured basis by certain subsidiaries of the company and will pay interest semi-annually, commencing on February 1, 2015. Alliance Data intends to use the net proceeds of the offering to repay a portion of the outstanding indebtedness under its revolving credit facility. (more…)
Akin Gump advised Newfield Exploration Company in a deal announced July 29, in which the company signed a $588 million purchase and sale agreement for its Granite Wash assets to Oklahoma City-based Templar Energy LLC (operating through Le Norman Operating LLC). The sale will have an effective date of July 1, 2014, and is expected to close in the third quarter of 2014. (more…)
Locke Lord LLP has added depth to its already strong energy team with the addition of Jason Schumacher as Partner in the Corporate Department and Energy Practice Group. He will operate out of the Firm’s Dallas office. (more…)
Fenimore, Kay, Harrison & Ford, LLP, is pleased to announce that veteran bank attorney, Stephanie E. Kalahurka, has rejoined the firm as a Partner effective July 1, 2014. Ms. Kalahurka is reuniting with long‐time partners, Chet A. Fenimore, Geoffrey S. Kay and Lowell W. Harrison, after a one‐year absence prompted by her relocation to Kansas City, Missouri. Prior to her departure, Ms. Kalahurka had worked with the firm since its formation in July 2010. (more…)
A Hogan Lovells cross-border, cross-practice team made up of lawyers from Denver, Houston, Washington, D.C., and Tokyo, advised JX Nippon Oil & Gas Exploration Corporation (“JX Nippon”) in its formation of a 50/50 joint venture company (“ the Company”) through its wholly owned subsidiary JX Nippon Oil Exploration (EOR) Limited1; and Petra Nova Holdings LLC, a wholly owned subsidiary of NRG Energy, Inc. (“NRG”). (more…)
Charles S. Baker, a recognized leader in intellectual property law, has joined Locke Lord’s Houston office as Partner, working in the Firm’s Intellectual Property Department and IP Litigation Practice Group, and heading-up the IP Litigation Group in the Houston office.
In his 25-plus years of practice, Baker has litigated numerous complex IP matters, including patent, trademark, trade dress and copyright infringement cases, as well as trade secret and unfair competition matters. (more…)
