Ryan Cox was co-head of Haynes and Boone’s capital markets and securities practice while Eric Williams was chief of its M&A practice.
Longtime Houston bankruptcy attorney Charlie Beckham at Haynes and Boone lays out the landscape for the avalanche of Chapter 11’s expected in the oil industry thanks to the recent slide in commodity prices.
As the markets tumbled this week, The Lawbook’s Claire Poole began polling M&A experts for their take on what the future might hold. Their view was stark for the short term, cautious in the long term and instructive on the lessons that might be learned.
It was a semi-busy deal week last week for Texas lawyers. But Monday’s stock market collapse – the biggest since the 2008 financial crisis – could be a transaction killer until a clear recovery is underway.
Pickering Energy Partners’ Dan Pickering offers his views of the turmoil in the oil and gas markets and what it means for dealmaking and bankruptcies in the sector.
Oil prices and energy stocks are plunging, thanks to the coronavirus and Russia refusing to cut production, leading to worries about M&A and new bankruptcies. Observers are calling on companies to work toward generating more free cash flow by lowering spending and cutting production so they can pay down debt – and maybe acquire wounded competitors.
Ann Marie Cowdrey and Nathan Meredith specialize in M&A and private equity deals in the energy sector.
The former White & Case and Simpson Thacher partner returns in-house to lead legal operations at the Abu Dhabi-owned petrochemical maker.
Private equity firms’ rate of return isn’t so rosy due to record amounts of dry powder pushing up prices for deals, according to a recent report. Meanwhile, dealmaking was decent among Texas lawyers last week thanks to two MLP simplification deals worth almost $10 billion.
The KKR-backed buyer used Simpson Thacher attorneys in New York along with BMC’s general counsel.