Bryan L. Clark was Pioneer Natural Resources’ primary marketing and midstream counsel and also served as lead counsel on energy transition matters.
CDT Roundup: 9 Deals, 12 Firms, 80 Lawyers, $6.8B
With a new year upon us, it’s a time for reflection and evaluation. You know what we mean: numbers. Here at the CDT Roundup, in case you haven’t noticed, we believe in numbers. We worship numbers. Even our headlines are numbers — with just enough words to let you know what we are counting: “Deals, Firms, Lawyers, Money.” But we also keep track of the numbers we write about.
How Texas M&A Lawyers Are Preparing for 2025
Now that the new year is here, many Texas M&A lawyers are preparing for potential developments in the upcoming year and identifying their focus areas. Many law firms are optimistic about the deal space in 2025, anticipating increased activity; however, they also plan to closely monitor how the new presidential administration may affect deals and their clients.
Lawbook Hires Nick Peck to Cover M&A, Restructuring
Earlier this month, The Texas Lawbook hired Nick Peck as its new M&A and restructuring reporter, stepping into the role previously held by veteran deals newshound Claire Poole, who retired in August.
CDT Roundup: 11 Deals, 9 Firms, 92 Lawyers, $2.8B
Just in time for Christmas, DOE has published its months-awaited study on the economic and environmental effects of LNG exports. The report was promised in January as a rationale for the Biden Administration’s decision to pause permitting of new LNG export processing facilities. The CDT Roundup takes a brief look at the exhaustive study and wonders if DOE has missed the irony in its concern about the effect of LNG exports on future natural gas prices That, and the usual review of last week’s major Texas-related transactions.
CDT Roundup: 15 Deals, 12 Firms, 186 Lawyers, $5.3B
The biggest deal reported last week was the $2.4 billion sale of “non-core” assets along the Texas-Louisiana Gulf Coast by Dow, the chemical giant. The sale involved a 40 percent stake in Dow InfraCo sold to alternative asset manage Macquarie. The deal is only the latest in a series of “non-core” sell-offs, a phrase that is becoming as common as “consolidation” in the current market. The CDT takes a look at the “non-core” transaction trend and an observer of the Dow deal who less than impressed. And, of course, the usual report on last week’s deals and dealmakers.
Hunton Andrews Kurth Adds Capital Markets Partner from V&E
Joanna Enns joined HuntonAK’s Dallas office after a nearly five-year tenure at V&E, where she primarily focused on M&A, capital markets and liability management transactions in the natural resources and mining sectors.
Macquarie to Pay $2.4B for 40% Stake in Dow Gulf Coast Assets; Sidley, Linklaters Advise
Assets to be included in a newly-created partnership, Diamond Infrastructure Solutions, involve power and steam production, pipelines and general industrial site infrastructure in Freeport and Seadrift, in Texas and Plaquemine and St. Charles in Louisiana, along with pipeline and storage assets adjacent to NGL and olefin hubs.
CDT Roundup: 16 Deals, 10 Firms, 231 Lawyers, $4.8B
In the year that will soon be past, the sheer volume of energy-related, or energy-adjacent transactions are worth noting. Whether in O&G per se, data center energy demands or the more mundane multitude of PE acquisitions in HVAC manufacturing and service companies, the sides seem okay with the value. So, we weren’t that surprised by the November findings of the semi-annual Haynes Boone Borrowing Base Redeterminations Survey. The CDT Roundup takes a look at the details, along with the usual run-down of the week’s M&A deals and the lawyers behind them.
CDT Roundup: 10 Deals, 9 Firms, 103 Lawyers, $10.3B
As we approach the end of 2024, it’s crucial to ensure that your submissions to the Corporate Deal Tracker are fully credited. The Texas Lawbook’s M&A team is committed to identifying all relevant submissions for deals involving Texas-based lawyers, and we want to make sure that no qualified deal from your firm goes unaccounted for. That and more, including last week’s deals, in this edition of the CDT Roundup.