Shell to Exit Permian Basin; ConocoPhillips Set to Buy Assets
In a $9.5 billion all-cash deal, Houston's ConocoPhillips is snapping up Shell's remaining assets in west Texas. Baker Botts and Norton Rose Fulbright advised.
CDT Roundup: 17 Deals, 11 Firms, 103 Lawyers, $10.6B
Latham & Watkins' Justin Stolte caught up with The Texas Lawbook as the firm's Houston office works to service client demands spurred along by the energy transition and a meaningful uptick in commodity prices. And in last week's deal activity, more than 100 Texas-based lawyers participated in more than $10.6 billion worth of deals.
Simpson Thacher Lands Houston Corporate Partner from Latham
Simpson Thacher is adding a young partner who played a key role in EQT's $2.9 billion acquisition of assets from Alta Resources in May.
CDT: Texas Firm Rank All-M&A Parties
This ranks lead participation by law firms in which Texas offices were led the legal advisory teams for any parties of a merger, acquisition, divestiture or joint venture reported to or by The Texas Lawbook during the first six months of 2021 — whether or not values were disclosed.
CDT Roundup: 13 Deals, 89 Lawyers, 10 Firms, $7.22B
It's the threat to financing conditions that's keeping commercial bankers up at night as they contemplate inflation's relationship to M&A through the end of the year. Yet, like the nagging possibility of Covid-related shutdowns or uncertainty tied to changes in federal tax policies, it's a matter of sector for investors on both the buy- and sell-sides. In Texas dealmaking last week, strategic acquisitions had a moment as 89 lawyers played a part in 13 deals.
Top Texas Firms Join BigLaw’s Fight Against Lawsuits Alleging SPACs are Investment Companies
The incredible volume of SPAC investment and activity has encouraged plaintiffs' attorneys to seek creative arguments to challenge the SPAC structure. Three derivative lawsuits filed in August in the Southern District of New York sparked an official response from nearly all of the leading transactional firms in the U.S. This article describes the implications on the SPAC practice going forward.
Enbridge to Pick up Moda Midstream Assets in $3B Deal
Pipeline giant Enbridge is making a significant play in the Gulf of Mexico as it seeks to acquire key assets from EnCap Flatrock Midstream-backed Moda Midstream Operating. Vinson & Elkins, Shearman & Sterling and Sidley Austin advised.
DBJ: Dallas SPAC Gets Approval for Merger, Doesn’t Have Required Cash
The Dallas blank check company has until the end of the month to pull together the required capital.