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Prominent legal and investigative journalist Allen Pusey is a senior editor and writer at The Texas Lawbook.
Prior to joining The Lawbook, Pusey was the editor and publisher of the ABA Journal, which is the nation’s largest circulation legal publication. Before his decade with the Journal, Pusey spent 26 years as a reporter and editor at The Dallas Morning News, where he was a special projects editor and covered the Supreme Court of the United States.
A former director at the Center for Public Integrity, Pusey brings extraordinary experience and knowledge of the legal industry to The Texas Lawbook. Our readers are now the beneficiaries of his amazing talent as a writer and editor.
You can reach Allen at allen.pusey@texaslawbook.net or 202.669.4398.
A New York firm apparently victimized by questionable bookkeeping in an M&A deal was accused by a bankruptcy trustee last week of using that same questionable bookkeeping to pay $345 million in dividends to itself and its investors from a fraudulently obtained loan.
Denver-based Ovintiv was also involved on the buyer side of a $2B+ purchase of Canadian upstream assets in the Alberta Montney Basin. More than 50 V&E, Kirkland, Latham and Gibson Dunn lawyers were involved.
Gibson Dunn advised Coterra and Kirkland advised two Denver-based sellers, Franklin Mountain Energy and Avant Natural Resources, on two separate deals involving as many as 550 net well locations and 125 miles of pipeline in New Mexico.
Locke Lord, soon to become Troutman Pepper Locke, announced Monday its hiring of Clay Pulliam to its commercial real estate practice. Pulliam had been a member at Frost Brown Todd since September 2021.
Elections mean change, and change is good, right? Maybe so, but there are concerns that a new administration might be inclined to make dramatic changes in policies regarding energy and manufacturing that have been the basis for billions in equity investments. Comments made by the president-elect shortly before the election have some worried that the seemingly uncontroversial CHIPS and Science Act could be in the crosshairs. The CDT Roundup looks at that concern and what the CHIPS Act has meant already to Texas. That and the usual roll call of last week's transactions.
Aaronson, a veteran of O&G transactions in the upstream and midstream sectors, departs Orrick where he landed in 2022.
A $50 billion data center joint venture is nothing to ignore. Neither are the footnotes that occasionally accompany a monumental deal. The CDT Roundup this week looks at the big numbers that are building up around AI-driven data centers, and a few tiny cautions about what to expect of them. FYI, we didn't ignore our usual roster of last week's deals — even those under $50 billion.
The purchase follows — and completes — a swap agreement announced in April in which EQT exchanged a 40 percent interest in those same assets for Equinor's assets in the Appalachian Basin and $500 million in cash.
Partner Chris Cottrell and associates Michael Szymanski and Xiaoming Gao will launch an energy transition practice at the firm's Houston office.
Data from Pitchbook for the first three quarters of 2024 shows that global M&A has rebounded both in volume and value over the same period last year. The CDT Roundup parses their report and looks at how those global numbers compare with North America in general and Texas in particular. The numbers, extracted from the Corporate Deal Tracker database, surprise. That, and the usual summary of deal traffic during what proved to be an ironically light week.
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