Two segments of the mergers and acquisitions game that don’t get a lot of press are the middle market and venture capital. In her weekly roundup of transactions by Texas lawyers, The Lawbook’s Claire Poole shares evidence that both categories are alive and well.
Haynes and Boone Capital Markets Co-Chair Bill Nelson Headed to Shearman
Bill Nelson, a partner and co-chair of Haynes and Boone’s capital markets and securities practice in Houston, is joining Shearman & Sterling’s recently opened Houston office, sources confirmed. Nelson’s departure would leave a gaping hole in Haynes and Boone’s corporate practice in Houston. The Lawbook’s Claire Poole has the story.
V&E, Bracewell, Baker Botts Assist on Anadarko’s Western Gas Transactions
Anadarko Petroleum Corp. announced Thursday that it agreed to sell almost all of its remaining midstream assets to affiliate Western Gas Partners for $4.015 billion, and three Texas law firms were involved. Claire Poole has the names and details.
V&E, Latham Aid on Vantage’s $1.65B purchase of QEP’s Williston Properties
Vinson & Elkins and Latham & Watkins advised on Vantage Energy Acquisition Corp.’s $1.65 billion purchase of oil and gas properties in North Dakota’s and Montana’s Williston Basin from a unit of QEP Resources Inc. Claire Poole has the details.
CDT Roundup: 16 Deals, 13 Law Firms, 183 Texas Lawyers, $17.3B
Observers have long said that the oil and gas industry needs to consolidate, given the number of players and investors’ push for companies to generate free-cash flow and higher dividends and stock buybacks. This week they got their wish with three different $1 billion-plus deals. Claire Poole has the details of those deals, and more.
Voter Problem? There Are Lawyers You Can Call
Where is a lawyer when you need one? If you have have a voting dispute tomorrow, they are actually on call. It’s part of a volunteer project that has roots in the Kennedy Administration. Claire Poole explains.
Kirkland Advises Newfield on $7.7B Purchase by Canada’s Encana
Encana’s $7.7 billion purchase of Newfield Exploration is the third billion-dollar-plus merger between publicly traded oil and gas producers announced this week. Kirkland advised The Woodlands-based Newfield. Claire Poole talked with Kirkland partner Sean Wheeler about the deal.
Chesapeake Energy Buys WildHorse Resource Development in $4B Deal
In a second merger this week between publicly traded oil and gas producers, Oklahoma City-based Chesapeake Energy Corp. said Tuesday that it had agreed to buy WildHorse Resource Development of Houston for nearly $4 billion in cash, stock and debt. Claire Poole has the names of Texas lawyers involved in the deal.
V&E, Skadden and Gibson Dunn Assist on Denbury’s $1.7B Penn Virginia Purchase
Texas lawyers from three different firms had a hand in Denbury Resources’ $1.7 billion purchase of Penn Virginia Corp., the first of what’s expected to be a wave of mergers between publicly traded oil and gas producers. Claire Poole has the details in The Texas Lawbook.
CDT Roundup: 14 Deals, 18 Law Firms, 134 Texas Lawyers, $14.4B
The stocks of oil and gas exploration and production companies have been selling off recently, with one index down by around 18 percent so far this month. That’s led some industry observers to believe that mergers could begin to accelerate. And in Texas, there was a slight uptick in activity last week. The Lawbook’s Claire Poole has it covered.