© 2015 The Texas Lawbook.
By Natalie Posgate
(May 12) – Texas lawyers from three firms negotiated Noble Energy’s purchase of a fellow Houston-based E&P company, Rosetta Resources, for $2.1 billion. Noble’s acquisition of Rosetta, which owns positions in the Eagle Ford area, gives it access to the South Texas shale play.
A Houston-based team from Skadden, Arps, Slate, Meagher & Flom led the corporate and securities aspect and negotiation of the deal for Noble. Partner Frank Bayouth led the deal team, which included partners Eric Otness and associates Kelly Williams, Rebekah Reneau and Rouzhna Nayeri. Attorneys from the firm’s New York, Los Angeles, Boston and Palo Alto offices advised on the tax, financing, labor and employment, intellectual property and environmental aspects of the deal.
Bracewell & Giuliani also provided legal advice for Noble in oil and gas and labor/benefits issues, as well as overall diligence. Partner Bryan Loocke led the Houston-based Bracewell team and received assistance from partners Bruce Jocz, Becky Baker and Blair Loocke and associates Stephen Boone, Molly Butkus, Glenn Campion, Jeffrey Gilbert, Aaron Carpenter, Ryan Martin, Austin Muck, David Rain, Niki Roberts, Yaw Temeng, Will Thanheiser and Scott Thompson.
A primarily Houston-based team from Latham & Watkins handled the deal for Rosetta. Corporate partners Michael Dillard and Sean Wheeler led the Latham team, receiving assistance from associates Thomas Brandt, Emily Korinek, Jayne Wabeke and Andrew Walker.
Latham partners Michael Darden and Michael King and associates James Robertson and Sean McKinley advised on oil and gas matters. Partner Tim Fenn and associate Bryant Lee handled tax issues. Partner Joel Mack and associate Alicia Handy took care of environmental matters. Attorneys from the firm’s Washington, D.C. and Los Angeles offices were also involved in the deal.
The transaction is expected to close in the third quarter of 2015.
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