A Haynes and Boone survey on oil and gas borrowing bases is reflecting a new confidence in the industry’s immediate future. The result is unsurprising, given the steady rise in prices since their nadir in April 2020. Perhaps more surprising is the increasing adoption and disclosure of ESG policies at O&G firms, the basis for a second Haynes and Boone survey. The CDT Roundup discusses both, along with the weekly roll call of lawyers involved in last week’s deals.
CDT Roundup: 10 Deals; 12 Firms; 59 Lawyers; $2.24B
There is a bevy of reasons that carve-outs have become scarce of late — pandemic, inflation, war, etc. But the underlying reasons for carve-outs remain, even if the market is momentarily sparse. The CDT Roundup explores last week’s deals, which include a carve-out, as well as a few of the obstacles that put the wider market on pause.
Capital Markets Pro Michelle Earley Moves to O’Melveny
With the move, Michelle Earley is rejoining former Locke Lord colleagues who joined O’Melveny in January. Earley was on the executive committee and was a diversity and inclusion leader at Locke Lord.
CDT Roundup: 11 Deals; 7 Firms; 156 Lawyers; $6.6B
Upstream deals have flourished in the first quarter of 2022, according to data from Enverus. Compared to the same stretch in 2021 they’ve more than tripled in value. And there are more deals out there, just waiting for commodity prices to stabilize. More on that possibility, along with last week’s transactions, in the CDT Roundup.