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Allen Pusey

Allen Pusey is a senior editor and writer at The Texas Lawbook.

Allen Pusey

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.

CDT Roundup: 17 Deals, 12 Firms, 150 Lawyers, $8.4B

Chevron's announcement last week of a $6.5 billion divestiture of a couple of Canadian upstream interests reminded us that the California company is on the verge of relocating its C-Suite to Houston. But included, along with the household furniture and company file cabinets, is an ongoing beef with their new Texas neighbors, Exxon Mobil, over Chevron's proposed $53 billion merger with Hess Corp. The CDT Roundup catches up with recent developments regarding the disputed merger, along with the usual list of firms and lawyers behind last week's Texas-related transactions.

Allen Pusey

CDT Roundup: 22 Deals, 10 Firms, 189 Lawyers, $23.2B

There's no way to play down 22 reported transactions for this week valued at more than $23 billion; it was a good week, especially when 15 of those are M&A and your capital markets deals include two IPOs. But in addition to the usual summary of all those deals, along with the firms and lawyers behind them, we take our quarterly look at the number of publicly-reported transactions we've handled in the CDT Roundup thus far in 2024.

Allen Pusey

CDT Roundup: 11 Deals, 7 Firms, 144 Lawyers, $2.4B

The Dallas Fed each quarter surveys executives from six different business sectors. The Fed's surveys for the third quarter were released last week. The CDT Roundup looks at the one on energy, which reveals a peculiar lack of enthusiasm for a sector rampant with M&A. That, and the usual review of the firms and lawyers behind last week's modest number of transactions.

Allen Pusey

Amber Energy Acquires CITGO in Court-ordered Sale

A special master for a federal court in Delaware has named Amber Energy Inc. as its court-approved bidder for CITGO, one of the largest refiners and distributors of petroleum products in the U.S. The sale, which values Houston-based CITGO at $7.28 billion, is aimed at settling some of the $21.3 billion in claims against CITGO's former owners, the state-controlled energy company of Venezuela.

Allen Pusey

CDT Roundup: 11 Deals, 10 Firms, 192 Lawyers, $9.6B

Since the record year of 2021, IPOs have been scarce by any standard. Even SPACs have been in decline. The two non-SPAC IPOs that reached the CDT Roundup last week hardly represent a bumper crop. But with 145 logged with the SEC so far this year, we may be on a pace for the most IPOs since 2021. The CDT Roundup takes a look at those two new IPOs and what they might tell us about the market in Texas and elsewhere — along with the usual summary of last week's Texas transactional action.

Allen Pusey

CDT Roundup: 24 Deals, 12 Firms, 235 Lawyers, $11B

Private equity is back; particularly in middle market deals. Pitchbook says so in a report released last week. In their study of H1 data Pitchbook forecasts that middle market deal counts will reach 3,400 by the end of the year, with values of as much as $345 billion. That would make it the third-best year for middle market PE deals, ever. If you want particulars, look no further than this week's CDT Roundup, in which 13 of last week's 16 M&A/Funding deals involved some form of PE participation. The Roundup even has the names of the lawyers behind them.

Allen Pusey

CDT Roundup: 12 Deals, 16 Firms, 168 Lawyers, $20.7B

Deals are all about numbers: enterprise value, debt, return on investment, EBITDA, yield, etc. The CDT this week looks at a few of the deals from last week whose terms were undisclosed but suggest values that could make a week look far better than it does on paper. That, along with the usual summaries of Texas-related deals reported last week — whether they had values attached or not.

Allen Pusey

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