Trump’s Freeze on New Regs Ices MLP Income Guidance

On Inauguration Day, the Trump administration froze the issuance of new regulations, including those defining master limited partnership qualifying income. While the final MLP qualifying income regulations by the Obama Administration were a significant improvement over the proposed regulations issued in May 2015, they still reflect a more restrictive view of the scope of MLP qualifying income than prevailed in the IRS and the industry prior to May 2015. The fate of the regulations in the wake of the Trump’s freeze is unclear.

February 3, 2017 Mark Curriden

TX Justice Willett’s Excellent SCOTUS Adventure

Texas Supreme Court Justice Don Willett did not get President Trump's nod to be on the U.S. Supreme Court, but he made the short list and he got to meet the new president to discuss the job with him. "For someone raised by a widowed waitress in a drafty double-wide in a town of 32 people, it was an otherworldly honor," Willett said.

February 2, 2017 Mark Curriden

TX Justice Willett's Excellent SCOTUS Adventure

Texas Supreme Court Justice Don Willett did not get President Trump's nod to be on the U.S. Supreme Court, but he made the short list and he got to meet the new president to discuss the job with him. "For someone raised by a widowed waitress in a drafty double-wide in a town of 32 people, it was an otherworldly honor," Willett said.

February 2, 2017 Mark Curriden

Skadden and Andrews Kurth Kenyon Advise on $9.3B ONEOK Deal

Tulsa-based natural gas pipeline company ONEOK said Wednesday that it will purchase all outstanding common units of its master limited partnership, ONEOK Partners, for $9.3 billion in common stock. The companies assert the overall value of the transaction is $17.2 billion

February 1, 2017 Mark Curriden

SCOTX Considers ‘Independent Injury’ Requirement in Hurricane Ike Claim Denial

(AUSTIN) – A Hurricane Ike claim that grew from $11,000 in home repairs to more than $1 million in awarded damages is the eye of a brewing legal storm at the Supreme Court of Texas. The case could have far-reaching implications for how thoroughly insurance companies must investigate weather-related claims in a state known for hurricanes and hailstorms.

January 31, 2017 Mark Curriden

Court affirms dismissal of First Amendment case; splits over remand

© 2017 The Texas Lawbook. By Allen Pusey (Jan. 30) – The Supreme Court of Texas on Friday affirmed an appeals court decision setting aside a jury verdict against a

January 30, 2017 Mark Curriden

Corporate Deal Tracker: 2016 = More M&A Action for TX Lawyers

Texas-based M&A lawyers worked on 24 percent more deals last year than they did in 2015, new data from The Texas Lawbook’s Corporate Deal Tracker shows. This article highlights everything you need to know about the data – from the percentage increase and reasons behind energy deals doing better, to which other sectors saw a significant increase in deals, to what is anticipated for deal flow in 2017.

January 27, 2017 Mark Curriden

Corporate Deal Tracker: 2016 = More M&A Action for TX Lawyers

Texas-based M&A lawyers worked on 24 percent more deals last year than they did in 2015, new data from The Texas Lawbook’s Corporate Deal Tracker shows. This article highlights everything you need to know about the data – from the percentage increase and reasons behind energy deals doing better, to which other sectors saw a significant increase in deals, to what is anticipated for deal flow in 2017.

January 27, 2017 Mark Curriden

Kirkland and V&E Handle $6.4B Utilities Deal

Vinson & Elkins and Kirkland & Ellis lawyers from Houston and Dallas were involved in the big $6.4 billion utilities merger between Canada-based AltaGas and Washington, D.C. based WGL Holdings. AltaGas will acquire WGL in an all-cash transaction

January 26, 2017 Mark Curriden

Kirkland and V&E Handle $6.4B Utilities Deal

Vinson & Elkins and Kirkland & Ellis lawyers from Houston and Dallas were involved in the big $6.4 billion utilities merger between Canada-based AltaGas and Washington, D.C. based WGL Holdings. AltaGas will acquire WGL in an all-cash transaction

January 26, 2017 Mark Curriden

Norton Rose Fulbright, V&E Advise in $1.2B Delaware Basin Pipeline Deal

Lawyers from Norton Rose Fulbright and Vinson & Elkins said they advised on a $1.2 billion deal involving the Alpha Crude Connector System, which is the first large-scale crude oil gathering system in the northern Delaware Basin region of the Permian.

January 25, 2017 Mark Curriden

Norton Rose Fulbright, V&E Advise in $1.2B Delaware Basin Pipeline Deal

Lawyers from Norton Rose Fulbright and Vinson & Elkins said they advised on a $1.2 billion deal involving the Alpha Crude Connector System, which is the first large-scale crude oil gathering system in the northern Delaware Basin region of the Permian.

January 25, 2017 Mark Curriden