From Energy to Technology: The Evolving Landscape of Texas-Related Billion-Dollar Deals

Last year, there were 135 Texas-related deals (one that involves a party headquartered in Texas or advised by Texas-based lawyers) submitted to The Texas Lawbook's exclusive Corporate Deal Tracker that reached or broke the $1 billion barrier — some of them by a lot. The deals had an aggregate value of $627.2 billion, slightly below 2023 but much higher than in 2021, the record year of rebounding from the pandemic, against which many firms have measured the market in recent years.

January 13, 2025 Allen Pusey

CDT Roundup: 21 Deals, 16 Firms, 187 Lawyers, $33.6 billion

There have been a number of utility/power deals in recent weeks, but none that seemed more significant than Constellation Energy's $26.6 billion acquisition of Houston's Calpine Energy. The deal is significant, not only for its size, but for what it says about our understanding of energy transition. Coupled, of course, with the usual CDT Roundup survey of last week's Texas-related energy transactions.

January 13, 2025 Allen Pusey & Nick Peck

Top Deals of 2024: When AI Met M&A (and Everything Else)

This is our list, a roster of transactions that caught our attention this year among the more than 2,000 Texas-related transactions submitted to the Corporate Deal Tracker in 2024. These "Texas-related" deals are transactions that involve either Texas-headquartered parties, Texas-based lawyers or, better yet, both.

January 13, 2025 Allen Pusey

Constellation Energy Acquires Houston’s Calpine Corporation for $26.6B

In one of the largest ever green energy generation transactions, Constellation Energy has agreed to acquire Calpine Corporation, a Houston-based natural gas and geothermal energy provider taken private by Energy Capital Partners in 2018. Lawyers from Kirkland, Gibson Dunn, Latham and White & Case are advising on the deal.

January 10, 2025 Nick Peck

P66 Buys EPIC NGL Assets for $2.2B

The deal, which includes two fractionalization facilities and more than 1,300 miles of pipeline, expands P66 capacity to move NGL from production points across the Permian Basin to Gulf Coast refineries.

January 7, 2025 Allen Pusey

Former Pioneer Managing Associate General Counsel Joins Bracewell

Bryan L. Clark was Pioneer Natural Resources’ primary marketing and midstream counsel and also served as lead counsel on energy transition matters.

January 6, 2025 Brooks Igo

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.

January 6, 2025 Allen Pusey & Nick Peck

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.

January 3, 2025 Nick Peck