Sure, oil and gas transactions are still a big deal in the Texas deal markets. But starting just a few years ago, other business sectors are beginning to make their presence felt in the Lone Star State. Peruse the deals in this week’s CDT Roundup and note the rising role of technology. The Lawbook’s Claire Poole has a few observations on the trend, along with the names of last week’s dealmakers.
V&E Counsels Brigham Minerals on $4.8B Stock Merger with Sitio
The combination would create a leader in the oil and gas mineral and royalty sector. Claire Poole has the details of the deal and the names of the lawyers involved.
Staying Busy: Baker Botts, Five Other Firms Top H1 CapM Rankings
During a down year for the capital markets practice in Texas, a handful of law firms stayed busy. None were busier than the lawyers at Baker Botts. Latham, V&E, Gibson Dunn, Hunton AK and Bracewell also had impressive showings for the first six months of 2022, according to The Texas Lawbook’s exclusive Corporate Deal Tracker, which tracks securities offerings handled by lawyers in Texas.Updated
CDT Roundup: 16 Deals, 10 Firms, 135 Lawyers, $30.9B
In a market when billion-dollar deals seem as elusive as $3 gasoline, a $30 billion deal would seem a game-changer. There was such a deal this week, but not in the way you might expect. The CDT Roundup explains, along with the usual list of Texas lawyers who made things happen.
CDT Roundup: 12 Deals, 8 Firms, 152 Lawyers, $2B
If you need some perspective on the wild swings in the oil and gas industry over the past few years, look no further than Plano-based Denbury Resources. Denbury, which sought bankruptcy protection just a few years ago, is suddenly looking prosperous enough to be scouting for a viable suitor, according to Bloomberg. Claire Poole reports on the Denbury rebound, as well as a slate of a dozen deals reported to the Roundup last week.
Elite Law Firms Dominate Corp. Deal Tracker Law Firm M&A Rankings
Forty-four corporate law firms with offices in Texas reported that their lawyers in Texas played a substantive role in representing buyers, sellers, targets, conflicts committees, financial institutions and other third parties in various kinds of transactions in which assets were bought, sold or merged. A handful of elite law firms – Sidley, Kirkland, V&E, Latham, Gibson Dunn, to name a few – topped The Texas Lawbook’s exclusive Corporate Deal Tracker law firm rankings for the first half of 2022.
Several Texas-headquartered corporate firms also experienced a strong six months, including Haynes and Boone, Baker Botts, Akin Gump and Locke Lord. Four law firms had Texas lawyers who worked on nearly three-quarters of all the transactions that had deal values of $500 million or more.