SM Energy, Civitas Resources to Combine in $12.8B Transaction
Gibson Dunn and Kirkland & Ellis advised on the deal, which will create the 10th largest oil & gas independent in the nation.
The Art of the Complicated Deal: Dealmakers Level Up
Deals involving hundreds of millions and billions of dollars are, by their nature, complicated. But over the past two years, publicly reported deals, even as described in their regulatory releases, have grown more intricate and detailed. The reasons vary from deal to deal, but complexity has become a near constant.
JERA Acquires Haynesville Shale Assets for $1.5B
The Japanese power company was advised by Baker Botts on the deal with Williams Companies and GEP Haynesville II, its JV with GeoSouthern Energy. The acquisition builds on JERA's existing longterm contracts with Gulf Coast LNG exporters.
Erin Hopkins: Another Veteran Paul Hastings Hire
Erin Hopkins, a veteran energy transactions partner at Baker Botts, is moving to the Houston office of Paul Hastings, his new law firm announced Tuesday. Hopkins brings with him 15 years of experience in energy and renewables transactions.
ARM Announces $2.3B FID on Mustang Express Pipeline
Vinson & Elkins advised ARM Energy Holdings on the decision, which will link Texas gas fields with Sempra's Port Arthur LNG Phase 2 project on the Texas Gulf Coast.
Fifth Third Buying Dallas-based Comerica in $10.9B Deal
Wachtell and Sullivan & Cromwell advised on the deal, which positions Fifth Third as a major presence in 17 of the fastest-growing banking markets in the country.
Berkshire Hathaway to Buy OxyChem from Occidental for $9.7B in All-cash Deal
Occidental announced the $9.7 billion sale of its chemical unit OxyChem to Berkshire Hathaway, potentially Warren Buffett’s final major deal. The move follows Occidental’s $12 billion CrownRock acquisition and is aimed at cutting debt. Cravath advised Occidental, while Berkshire Hathaway was advised by Kirkland & Ellis.
Fermi America’s $683M IPO Debuts in U.S. and London (Almost) Simultaneously
The Texas-based company is building one of the largest AI data centers on the planet. Meet the Haynes Boone lawyers who advised on the offering, which values the company at more than $13 billion.
Ares Acquires Meade Pipeline for $1.1B
A Texas-heavy Sidley Austin team advised Ares in the purchase, which secures a 40 percent stake in the Central Penn Line, a major connection between Pennsylvania natural gas fields and major East Coast markets.
Sempra Sells Controlling Interest to KKR, CPP for $10B; Gives Nod to $12B FID for Port Arthur LNG Phase 2
Sullivan & Cromwell, Baker Botts, Simpson Thacher and Kirkland & Ellis advised on the deals, designed to simplify and refocus Sempra on its development as a global exporter of LNG.