Free Speech, Due Process and Trial by Jury
So much for low-cost M&A pickups at the bankruptcy court. Japanese-owned 7-Eleven bought 3,900 Speedway locations from Marathon Petroleum on Sunday for $21 billion. The Lawbook has the lawyers who made the deal happen.
It wasn't the biggest week of the year, but Chevron's $13 billion blockbuster buy of Noble Energy assured big value. But in the grand scheme of global energy values, the deal may suggest that better times are coming. Allen Pusey explains in this week's Corporate Deal Tracker Roundup.
North American power company NRG announced Friday it is acquiring Houston-based Direct Energy. The deal extends the reach of NRGs retail power business well beyond Texas.
While the rest of us have been dodging disaster, Jared Sine has been having a very, very good year. After settling with Bumble, the chief legal officer for Match helped guide the company through a reverse-split from Barry Diller’s IAC. Even in the best of times, it’s a complicated transaction that requires intense attention, a firm sense of direction and lots of luck. But add to that an economic collapse and a global pandemic and you ... well, Sine explains what it took to The Texas Lawbook.
During a horrible stretch for traditional oil and gas transactions, there is one category of energy transactions that has been holding its own: renewables. And even under the mudslide of bankruptcies and recap transactions, it's hard not to notice that Texas lawyers are beginning to cash in.
Houston-based Noble Energy GC Rachel Clingman chose Vinson & Elkins to lead the oil and gas company's sale to Chevron for $5 billion or $13 billion in enterprise value, which includes debt. Chevron hired lawyers at Paul Weiss and Shearman & Sterling as its legal advisors. This is the largest M&A deal in the Texas oil patch this year.
With the transactional markets a mess, you might expect venture capital to be lagging. A new report by PitchBook suggests that your instincts are correct. This week's CDT Roundup has the details.
This week's numbers may hold a glimpse of a foreseeable future: one full of DIP lending, consolidation, reshuffled credit, renewable energy and re-securitized debt.
Updated to include lender details According to data released Monday by the U.S. Treasury Department, 1,160 Texas law firms applied for and received as much as $924 million total in ultimately forgivable loans from the Paycheck Protection Program. The Texas Lawbook has the entire list and it includes law firms from every corner of the state.
The U.S. Treasury Department released this week the names of Texas businesses receiving loans under the Paycheck Protection Program voted by Congress in response to the COVID-19 pandemic. Among the
© Copyright 2025 The Texas Lawbook
The content on this website is protected under federal Copyright laws. Any use without the consent of The Texas Lawbook is prohibited.
