Brittany Scheier was weeks away from graduating from UT Law and starting a career in Big Law three years ago when she suffered two severe strokes, causing brutal pain, a 30% loss of vision and paralysis on her right side. Quit? Scheier worked on last month’s Noble Corp.’s acquisition of Pacific Drilling and five other M&A deals valued $1 billion or more. The story of what happened between March 4, 2018 and today is extraordinary. The American Heart Association thinks so, too.
A publicly traded company, some of the most in-demand assets in the Permian Basin, and a little more than a week to move from an indication of interest to a purchase agreement: Those are just some of the variables in Pioneer’s $6.4 billion plans to purchase DoublePoint Energy. Gibson Dunn’s Mike Darden, who advised Pioneer, detailed the timeline and more in an interview with The Texas Lawbook.
The Palo Alto firm’s new Texas teammate previously helped lead Shearman & Sterling’s entrance into the market in 2018.
Pioneer Natural Resources is once again strengthening its hold in the Permian Basin with the $6.4 billion acquisition of a Fort Worth-based company.
Last week the CDT Roundup predicted an uptick in deals. The week provided far more than a tick, however, recording the most deals in a single week since 2018 and the most lawyers involved — well, ever. CDT Roundup has the details.
An informal survey of Texas dealmakers has revealed lots of optimism about the next 12 months. And they mostly depend on a single factor: dry powder. There is lots of it. Record amounts of it: VC money. PE money. Family money. All dressed up and looking for places to go. That combined with potential policy changes in Washington. CDT Roundup has that and last week’s transactions.
Sidley and Mergermarket have released the results of a survey testing the optimism of 150 executives from the PE and corporate dealmaking worlds. Considering the survey questions were answered in November, the optimism meter was running at low RPMs. Still, there are some interesting contrasts. Those and a review of the week’s deals by the CDT Roundup’s new addition, Anna Butler.
Ericksen had become a go-to deal lawyer at Baker Botts, where he started his career and made partner in 2014. The new White & Case partner had an active 2020.
The Texas Lawbook is pleased to announce that Anna Butler, former director of operations for Patterson Thoma Family Office and former Dallas Business Journal managing editor, has joined our news team to lead our corporate transactions coverage. As this article states, Anna will take The Lawbook’s deal coverage to the next level.
In the wake of last month’s winter storm disaster, Texas has an opportunity to reinforce its position as a global energy leader by acting thoughtfully to guide the evolution of our electric grid. Parts of Texas’ grid were simply not built to withstand sustained freezing temperatures and significant frozen precipitation. Generation assets went offline at an alarming rate, leading to a shortfall in electric supply that forced tens of thousands of megawatts of customer load to be shed, leaving millions in the dark. This did not need to happen.