Free Speech, Due Process and Trial by Jury
Gibson Dunn advised Coterra and Kirkland advised two Denver-based sellers, Franklin Mountain Energy and Avant Natural Resources, on two separate deals involving as many as 550 net well locations and 125 miles of pipeline in New Mexico.
While these megadeals promise efficiency gains and economies of scale, they’ve had a chilling effect on one critical area: in-house legal hiring. Consolidation has temporarily shifted priorities, leaving legal teams focused on deal execution, integration, compliance and cost-cutting.
Elections mean change, and change is good, right? Maybe so, but there are concerns that a new administration might be inclined to make dramatic changes in policies regarding energy and manufacturing that have been the basis for billions in equity investments. Comments made by the president-elect shortly before the election have some worried that the seemingly uncontroversial CHIPS and Science Act could be in the crosshairs. The CDT Roundup looks at that concern and what the CHIPS Act has meant already to Texas. That and the usual roll call of last week's transactions.
Aaronson, a veteran of O&G transactions in the upstream and midstream sectors, departs Orrick where he landed in 2022.
In today’s global business environment, market participants continuously seek innovative ways to grow their businesses, obtain capital to execute their business plans and leverage shared resources. One popular strategy is forming a joint venture, which is a business arrangement where two or more parties pool resources to achieve a common commercial goal. Structuring a JV is complex, and success hinges on careful planning, negotiation and management, as poorly structured JVs can lead to conflicts, inefficiencies and ultimately failed outcomes.
This article explores several key issues to be addressed when forming a joint venture and provides a roadmap for avoiding some common pitfalls that derail many partnerships. By carefully defining a JV’s scope, negotiating for appropriate consent rights, protecting against leakage from affiliate agreements, addressing fiduciary duties and establishing clear transfer provisions, parties can create a JV structure that helps to ensure alignment and maximizes the likelihood of success for all involved.
A $50 billion data center joint venture is nothing to ignore. Neither are the footnotes that occasionally accompany a monumental deal. The CDT Roundup this week looks at the big numbers that are building up around AI-driven data centers, and a few tiny cautions about what to expect of them. FYI, we didn't ignore our usual roster of last week's deals — even those under $50 billion.
The purchase follows — and completes — a swap agreement announced in April in which EQT exchanged a 40 percent interest in those same assets for Equinor's assets in the Appalachian Basin and $500 million in cash.
Partner Chris Cottrell and associates Michael Szymanski and Xiaoming Gao will launch an energy transition practice at the firm's Houston office.
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