PDC expects the all-stock merger with SRC to create the second largest oil and gas producer in the DJ Basin and significantly boost its cash flow, an all-important metric to today’s energy investors.
CDT Roundup: 17 Deals, 15 Firms, 68 Lawyers, $17.7B
Oil and gas types gathering at a conference last week in San Antonio didn’t get much cheer from investment bankers, who spoke of grumpy sentiment toward the sector. But there are some bright spots on the dealmaking horizon, as Claire Poole reports, along with her weekly tally of deals.
Stream GC Daniel Terrell: ‘Herculean Effort’ Results in Successful Divestiture
For the past seven months, Stream Energy GC Daniel Terrell was laser focused on his company’s $330 million sale to Houston-based utility NRG Energy. In an exclusive interview, Terrell said the deal “was incredibly complex and challenging.” The Texas Lawbook has exclusive details.
Kirkland Advises Huntsman on Intermediates Sale to Indorama for $2B
Huntsman’s general counsel and chief compliance officer led the company’s in-house team and received assistance from a Kirkland group that included Houston lawyers.
Houston Firm Joins Billion-Dollar Club
Wilson Cribbs and Goren’s Tony Marré and Derek Pershing recently reached the $1 billion mark for real estate deals handled over the last year-and-a-half, trading around everything from luxury apartments to retail centers to storage facilities. Marré talks about what’s fueling all the work – and what may be to come.
CDT Roundup: 13 Deals, 12 Firms, 108 Lawyers, $5.76B
There is some anxiety ahead of this week’s expected approval by Anadarko Petroleum shareholders of the company’s $38 billion sale to Occidental Petroleum. Though approval won’t likely thwart Carl Icahn’s proxy fight, it will allow Oxy to size-up assets whose sale might help pay down the transaction’s sizable debt. In her weekly Roundup, Claire Poole discusses the ramifications along with a week’s worth of Texas M&A deals.
Kirkland Poaches Real Estate Partner from Jones Day
Andrew Van Noord is the first real estate capital markets attorney in the one-year-old Dallas office and is bringing along an associate.
Texas Lawyers Behind Three Billion-Dollar-Plus Deals
Attorneys at the Texas offices of Jones Day, Orrick, Shearman and Gibson Dunn help paper up big transactions for Britain’s BBA Aviation, France’s Veolia and a JV between Colombia’s Ecopetrol and Oxy.