Sidley Austin LLP announced today David B. Denechaud and Joe F. Flack III have joined the firm as partners. Mr. Denechaud will be a member of Sidley’s Private Equity practice and Mr. Flack, a member of its Energy practice. Both will reside in Sidley’s Houston office. Mr. Denechaud focuses his practice on private equity and energy (oil and gas) M&A transactions, while Mr. Flack has built his practice around oil and gas acquisition and disposition transactions. (more…)
Baker Botts lawyers represent Halliburton in one of the largest energy deals of 2014.
Under the deal, Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12, 2014, the day prior to public confirmation by Baker Hughes that it was in talks with Halliburton regarding a transaction. Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36 percent of the combined company. (more…)
MehaffyWeber is pleased to announce that Bill Hicks will join the firm’s Houston office as a shareholder in its energy group. Bill has over 34 years combined experience in the energy sector, both as in-house counsel and in private practice. Former General Counsel and Chief Compliance Officer of a leading oil and gas service provider, Bill has also represented clients in private practice in Federal and State courts throughout Texas. He is a member of the American Board of Trial Advocates and a Fellow of the American College of Trial Lawyers. (more…)
Willkie Farr & Gallagher LLP today announced that it is opening an office in Houston, Texas. The office will be the New York firm’s first new domestic office opening in more than 30 years. Willkie has a substantial client base in Texas including a number of the most highly regarded energy-related funds and most active industrial buyout firms in the region. This move furthers the firm’s strategy to combine the strengths of its existing relationships, the private equity, leveraged finance, M&A and capital markets skills of a traditional Wall Street firm and the talents of Houston-based attorneys specializing in energy and buyout transactions.
Launching the Houston office will be Willkie corporate partner Bruce Herzog, together with Michael Piazza, who joins from Bracewell & Giuliani LLP, and Angela Olivarez, who joins from Jones Day. (more…)
King & Spalding represented real estate owner and developer Edens Investment Trust in its acquisition of all outstanding shares of AmREIT, Inc., in an all-cash transaction valued at $762 million. The deal was unanimously approved by AmREIT’s board of directors. It is expected to close in the first quarter of 2015. (more…)
BakerHostetler is proud to announce that Sashe D. Dimitroff has joined the firm, resident in the Houston office, as a member of the Litigation Group and the Energy and Shale team. He comes to BakerHostetler from Haynes and Boone. Dimitroff will join more than 360 trial lawyers in the firm’s expanding Litigation Group. (more…)
Western Gas Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that it agreed to acquire Nuevo Midstream, LLC (“Nuevo”), a leading Delaware Basin gas gatherer and processor, for $1.5 billion. The Partnership expects the acquisition will close in the fourth quarter of 2014, subject to regulatory approval and customary closing conditions. (more…)
Shell Midstream Partners, L.P., a limited partnership formed by Royal Dutch Shell, announced the pricing of its initial public offering of 40,000,000 common units representing limited partner interests at $23.00 per common unit. The underwriters of the offering have a 30-day option to purchase up to an additional 6,000,000 common units from Shell Midstream Partners. The common units will begin trading on the New York Stock Exchange on October 29, 2014 under the ticker symbol “SHLX.” The offering is expected to close on or about November 3, 2014, subject to customary closing conditions. (more…)
On October 27, 2014, Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) announced that it completed the acquisition of additional leasehold and producing interests in the Eagle Ford Shale from Eagle Ford Minerals, LLC (“EFM”), for $250 million in cash, subject to a closing adjustments, as well as an update to its third quarter guidance. The acquisition represents an approximate 25% working interest in certain Eagle Ford Shale properties that were already operated by Carrizo. Following the closing of the transaction, Carrizo holds an approximate 100% working interest in these assets. The acquired properties are in three main project areas (RPG, Irvin Ranch, and Pena) which are centrally located in the most prospective portion of the Eagle Ford Shale’s volatile oil window. (more…)
Haynes and Boone, LLP Houston has welcomed U.S. patent lawyer John Demarco as a partner in the firm’s Intellectual Property Transactional Section.
“Our nationally-recognized IP practice grows even stronger with the addition of John in Houston,” said Terry Conner, firm managing partner. “Clients engaged with the ongoing energy boom and vibrant Houston economy will certainly benefit from his wise counsel.” (more…)
Haynes and Boone, LLP is proud to announce that Kirsten Polyansky has joined the firm’s Houston office as a partner in the Energy Practice Group.
“Her vast energy finance knowledge and experience fit nicely with the firm’s energy practice,” said Houston Partner Buddy Clark, head of the Energy Practice Group. “Kirsten’s experience in energy commodities, with a special focus on crude oil and refined products, enhances the firm’s capabilities.” (more…)