Four oil and gas partners weigh in on whether continued elevated oil prices will lead to more deal activity in the upstream and midstream sectors.
Madison Dearborn Agrees to Dole Out $1.8B in Cash for MoneyGram
Vinson & Elkins advised the Dallas company after its $1.2 billion sale to Hong Kong-based Ant Financial in 2018 was blocked by U.S. regulators (the firm counseled on that deal, too).
Earthstone Grabs Midland Basin Assets from Bighorn for $860M
The transaction comes on the heels of the company’s $600 million asset acquisition from Warburg Pincus-backed Chisholm Energy Holdings in December. Attorneys from Haynes and Boone and Simpson Thacher advised on the deal.
Chesapeake Picks Up Chief for $2.65B
Three firms in Texas — Gibson Dunn, Shearman & Sterling and Akin Gump — advised on the deal, which was reported as in its final stages last week. Some analysts are curious how Chesapeake will hedge, given concerns about the outlook for natural prices in 2023.
Locke Lord Corporate Team in Dallas Departs for O’Melveny
The five-partner team — highlighted by Whit Roberts and Jack Jacobsen, two Locke Lord lifers — includes three who have held firm or department-wide leadership roles. This latest move brings O’Melveny’s Texas partner total to 15, with more lateral poaching expected by the Los Angeles-headquartered firm.
A Renaissance Lawyer: Glenn West
Glenn West considers himself a private equity lawyer. But over his 43-year career, he’s advised on everything from real estate and oil and gas to sports deals to acquisition finance to restructuring.
Desert Peak, Falcon to Combine in $1.9B Merger
Four law firms in Texas advised the various parties on the deal, which is expected to create a top mineral and royalty company with low leverage, an emphasis on shareholder returns and a big footprint in the Permian Basin and Eagle Ford.
Enterprise buys Warburg-backed Navitas for $3.25B
The transaction, which surprised analysts, continues a wave of consolidation in the midstream industry. The Lawbook’s Claire Poole has all the lawyers involved in the deal.
Blackstone Plows $3B into Invenergy
Blackstone Infrastructure said Friday that it is investing $3 billion into Invenergy Renewables Holdings. Blackstone says the price tag represents one of the largest investments into renewables in North American history. Claire Poole has the names of the Texas lawyers involved.
Skadden’s Bayouth Moves to PE Firm
Frank Bayouth, a 30-year deal partner at Skadden in Houston, has joined a longtime client as general counsel.