Baker Botts recently announced that it has reinforced its finance practice in Houston by bringing on Richard Sitton as senior counsel from Shearman & Sterling.
The addition comes two months after Baker Botts recruited Shad Sumrow, who was Thompson & Knight’s former finance practice leader, in Dallas.
Sitton has more than three decades of experience advising clients in the energy sector, focusing on debt transactions in the oil and gas industry. He has represented BNP Paribas, Wells Fargo, JPMorgan Chase, N.A., KeyBank National Association and Capital One in connection with numerous first lien borrowing base financing transactions and second lien term loans ranging in size from $35 million to $2.25 billion.
Luke Weedon, head of Baker Botts’ Dallas office and firmwide finance section, said Sitton “will further strengthen our growing representation of strategic lenders to the energy industry.”
The Texas Lawbook reported in a November 2019 Corporate Deal Tracker Roundup column that Sitton was the finance partner on the Shearman deal team that advised EnCap Flatrock on its $400 million commitment to Ironwood Midstream Energy Partners II.
Prior to his two-plus year run at Shearman, Sitton practiced at Simpson Thacher for nearly eight years.
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