Paul Hastings LLP, a leading global law firm, announced today that the firm represented Atlas Pipeline Partners, L.P., a master limited partnership, in amending its revolving credit facility with the initial borrowing capacity of $800 million, and contains an accordion feature of up to an additional $250 million, which, if exercised, will increase the Partnership’s total available borrowing capacity to $1.05 billion. (more…)
Skadden represented Houston-based independent power generator Dynegy Inc. in its $3.25 billion acquisition of EquiPower Resources Corp. and Brayton Point from private equity firm Energy Capital Partners.
Houston Business Journal editor, Emily Wilkinson selected Cameron International Corp. pending sell of its centrifugal compression business to Dublin, Ireland-based Ingersoll Rand PLC (NYSE: IR), a heating and air-conditioning systems manufacturer, for $850 million in cash as this weeks “Deal of the Week.” (more…)
Jackson Walker L.L.P. is pleased to welcome Darrell W. Taylor as a partner in the Houston office. Mr. Taylor joins the firm from Jones Day and adds significant strength to Jackson Walker’s Corporate & Securities group, which is one of the largest in the state and has developed a solid reputation as a go–to practice for companies doing business in Texas. (more…)
Littler, the world’s largest employment and labor law practice representing management, has added A. John Harper III as a shareholder in the firm’s Houston, TX office. Board Certified by the Texas Board of Legal Specialization, Harper brings significant labor management relations and employment law experience to the firm. Prior to joining Littler, he was a partner in the Houston office of Haynes and Boone. (more…)
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…)
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…)
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…)
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…)
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…)