On September 3, 2013, Halliburton and Trinidad Drilling entered into a joint venture to provide and operate drilling rigs for Halliburton’s international integrated projects. Halliburton will own a 40% stake in the joint venture, which will conduct business under the name Trinidad Drilling International. Trinidad Drilling, a Canadian drilling rig operator, will hold a 60% stake in the venture, but Halliburton and Trinidad Drilling will share equal voting rights and representation on the board of directors. The joint venture will have a right of first look to provide drilling rigs for all of Halliburton’s managed onshore projects outside of Canada and the United States, and a right of first look at Trinidad Drilling’s onshore contract drilling opportunities outside of Canada and the United States (more…)
King & Spalding recruited energy lawyer M. Kathryn Marietta to its global transactions practice as a partner in its Houston office. Marietta formerly was assistant general counsel of Apache Corporation (more…)
The law firm of Thompson & Knight LLP is pleased to announce the expansion of its Finance Practice Group with the addition of Cassandra Mott as a Partner in the Firm’s Houston office (more…)
Paul Hastings LLP, a leading global law firm, announced today that the firm represented NuStar Logistics, L.P., a wholly owned operating subsidiary of NuStar Energy L.P. (NYSE: NS), in connection with its public offering of $300 million 6.75% senior notes due February 1, 2021, which closed on August 19, 2013 (more…)
A Jackson Walker team of Energy, Corporate & Securities, and Tax lawyers represented a West Texas-based management team in connection with obtaining a commitment from a private equity fund to provide $500 million in equity for the acquisition of oil and gas properties in the Permian Basin area of Texas and New Mexico and the creation of a new oil and gas exploration and production company (more…)
International law firm McDermott Will & Emery LLP represented ArcLight Capital Partners, LLC (“ArcLight”) in connection with a $430 million dividend recapitalization term loan B facility for Bronco Midstream Funding, LLC (“Bronco”). The transaction closed on August 15, 2013 (more…)
Bracewell & Giuliani LLP is representing FTS International, Inc. (FTSI), a leading provider of pressure pumping services, in the sale of substantially all of the assets of its proppant mining and processing business and related logistics assets to Fairmount Minerals. In connection with the closing of the transaction, FTSI will enter into a long-term supply agreement with Santrol, a Fairmount Minerals’ company, to supply FTSI’s proppant needs (more…)
Bracewell & Giuliani LLP is representing Alinda Capital Partners in its acquisition of a 49% voting interest (50% economic interest) in MMGP Holdings LLC (“Holdings”), a newly-formed sole member of Martin Midstream GP LLC (“MMGP”), the general partner of Martin Midstream Partners L.P. (NASDAQ: MMLP) (more…)
On Wednesday, August 14th, World Point Terminals, LP completed its initial public offering of 8,750,000 common units representing limited partner interests at the public offering price of $20.00 per common unit. World Point sold 3,871,750 common units and a subsidiary of the sponsor sold 4,878,250 common units in the offering. World Point also granted the underwriters a 30-day option to purchase up to 1,312,500 additional common units. After a six-day road show, the offering priced on August 8th, and the common units began trading on the New York Stock Exchange under the symbol “WPT” on Friday, August 9th (more…)
Akin Gump Strauss Hauer & Feld LLP provided legal counsel to Sanchez Energy Corporation in its planned acquisition of approximately 40,000 net acres of the Tuscaloosa Marine Shale (more…)
Akin Gump Strauss Hauer & Feld LLP advised Laredo Petroleum Holdings, Inc. in a public offering of 16 million shares of company stock (more…)
Bracewell & Giuliani LLP is representing Evercore Partners in a merger between Pioneer Natural Resources Company (Pioneer) and Pioneer Southwest Energy Partners L.P. (Pioneer Southwest) (more…)
