© 2014 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(February 28) – It’s been a busy week for Baker Botts.
The Houston-based firm announced its involvement in two deals this week: one for Chesapeake Energy Corporation, the other related to Western Gas Partners, LP, which is an MLP of Anadarko Petroleum Corporation.
In the Chesapeake deal, Baker Botts is advising the Oklahoma City-based oil and gas company in the sale of compression assets to two different companies for $520 million. One company is Houston-based Exterran Partners, which is buying 334 compression units for approximately $360 million. The other company is Oklahoma City-based Access Midstream Partners.
Houston corporate M&A partner Hillary Holmes led the Baker Botts team, which also included Houston partners James Chenoweth and Gail Stewart; Dallas partner Matt Larsen; Houston associates Katie Ryan, Travis Wofford, Eileen Boyce and Zackary Pullin; Houston special counsel Chris Pratt; and lawyers from the firm’s Washington, D.C. office.
Jeff Zanotti, Chesapeake’s assistant general counsel of corporate and securities, was also involved. Before joining Chesapeake in 2010, Zanotti was an associate in the Dallas office of Jones Day.
Exterran’s counsel is M&A partner Robin Fredrickson, capital markets partner Ryan Maierson and associates Elizabeth More and Patricia Hammond of Latham & Watkins in Houston.
In the other deal, Baker Botts is advising Evercore Partners, which is serving as a financial advisor to the Special Committee of the Board of Directors of Western Gas Partners in its drop down acquisition of various pipeline assets from Anadarko for a total value of $375 million.
Holmes is also leading this deal, along with Houston corporate associate Monica White.
Houston Bracewell & Giuliani partner Gary Orloff is advising the Special Committee in the transaction.
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