On January 29, 2014, Rice Energy Inc. (NYSE: RICE) closed its $1.05 billion initial public offering of 50 million common shares at a price to the public of $21 per share. RICE offered 30 million shares, while the selling stockholder — NGP Holdings — offered 20 million shares. The company won’t receive any proceeds from shares sold by NGP Holdings. (more…)
Akin Gump advised EP Energy Corporation in its initial public offering of 35.2 million shares of its common stock at a public offering price of $20 per share, which closed on January 23. The underwriters have a 30-day option to purchase from the company up to an additional 5.28 million shares of common stock at the public offering price (less underwriting discounts and commissions). EP Energy’s common stock began trading January 17 on the New York Stock Exchange under the ticker symbol “EPE.” (more…)
A Houston-based Akin Gump team advised the Conflicts Committee of the Board of Directors of Rose Rock Midstream’s general partner in Rose Rock’s acquisition from SemGroup Corporation of an additional one-third interest in SemCrude Pipeline, L.L.C., which owns a 51 percent interest in White Cliffs Pipeline L.L.C., for $275 million. Rose Rock now owns a 67 percent interest in SemCrude Pipeline and indirectly owns a 34 percent interest in White Cliffs Pipeline. (more…)
Paul Hastings LLP, a leading global law firm, announced today that the firm represented J.P. Morgan Securities LLC, RBS Securities Inc., Barclays Bank PLC, Wells Fargo Securities, LLC, Mizuho Bank, Ltd., and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as joint lead arrangers and joint bookrunners, and JPMorgan Chase Bank, N.A., as the administrative agent, in connection with a $300,000,000 credit facility for Valero Energy Partners LP. (more…)
Rick Staff, who began his career at Locke Lord LLP, has rejoined the Firm as a Partner in the Litigation Department and Energy Litigation Practice Group. (more…)
Winston & Strawn LLP has announced the expansion of the firm’s global energy practice with the addition of two oil and gas partners in Houston. Denmon Sigler and Craig S. Vogelsang join the firm’s energy practice group. Ms. Sigler was most recently with Baker Botts, and Mr. Vogelsang with Norton Rose Fulbright. Their arrival comes just one month after a high-profile group of Weil, Gotshal & Manges litigators and bankruptcy lawyers joined the office, and reinforces the firm’s commitment to growth and developing a full-service platform in Houston. (more…)
Paul Hastings LLP, a leading global law firm, announced today that the firm represented J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Mizuho Bank, Ltd., and RBS Securities Inc., as joint lead arrangers and joint bookrunners, and JPMorgan Chase Bank, N.A., as the administrative agent, in connection with a $3 billion Second Amended and Restated Revolving Credit Agreement for Valero Energy Corporation (more…)
McGuireWoods LLP today announced that Barbara Spudis de Marigny has joined the firm’s tax practice as a partner in Houston. De Marigny brings more than 30 years of experience advising businesses on taxation of their operations, mergers and acquisitions, partnerships and joint ventures. She has extensive experience representing clients in the energy industry, including vertically-integrated majors, MLPs, and private equity investors in companies operating midstream, upstream or in the oilfield services sector (more…)
The Firm represents GeoSouthern Eagle Ford Development, LLC in connection with its announced sale of its Eagle Ford subsidiaries to Devon Energy Corporation (NYSE: DVN) for $6 billion in cash. GeoSouthern is a privately held, independent exploration and production company based in The Woodlands, TX. The Company focuses its efforts in the Texas Gulf Coast area and owns and operates substantial acreage positions in the Eagle Ford Shale and Austin Chalk trends. In addition, GeoSouthern’s midstream affiliate, Eagle Ford Field Services, owns a crude oil terminal and pipeline servicing the company’s Eagle Ford assets. The transaction is expected to close in the first quarter of 2014 (more…)
On November 13, 2013, LGI Homes, Inc. (the “Company”) completed its initial public offering of 10,350,000 shares of common stock at a price of $11.00 per share, including 1,350,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares (more…)
Reed Smith LLP today announced the addition of Bryan K. Brown and Marlen Whitley as partners in its Houston office (more…)
The Houston office of global law firm K&L Gates LLP welcomes John F. Sullivan III as a partner in the firm’s commercial disputes practice. Sullivan joins K&L Gates from Watt Beckworth Thompson Henneman & Sullivan LLP (more…)
