Encana’s $7.7 billion purchase of Newfield Exploration is the third billion-dollar-plus merger between publicly traded oil and gas producers announced this week. Kirkland advised The Woodlands-based Newfield. Claire Poole talked with Kirkland partner Sean Wheeler about the deal.
Chesapeake Energy Buys WildHorse Resource Development in $4B Deal
In a second merger this week between publicly traded oil and gas producers, Oklahoma City-based Chesapeake Energy Corp. said Tuesday that it had agreed to buy WildHorse Resource Development of Houston for nearly $4 billion in cash, stock and debt. Claire Poole has the names of Texas lawyers involved in the deal.
V&E, Skadden and Gibson Dunn Assist on Denbury’s $1.7B Penn Virginia Purchase
Texas lawyers from three different firms had a hand in Denbury Resources’ $1.7 billion purchase of Penn Virginia Corp., the first of what’s expected to be a wave of mergers between publicly traded oil and gas producers. Claire Poole has the details in The Texas Lawbook.
CDT Roundup: 14 Deals, 18 Law Firms, 134 Texas Lawyers, $14.4B
The stocks of oil and gas exploration and production companies have been selling off recently, with one index down by around 18 percent so far this month. That’s led some industry observers to believe that mergers could begin to accelerate. And in Texas, there was a slight uptick in activity last week. The Lawbook’s Claire Poole has it covered.
Mergermarket: V&E, White & Case, Latham Handle Biggest Value M&A Deals in TX
At the third quarter of 2018, Houston-based Vinson & Elkins ranks No. 1 in the combined value of their M&A transactions for Texas businesses. But exclusive data provided to The Texas Lawbook by Mergermarket shows the next 10 are headquartered outside Texas. In fact, four of the top 10 don’t even have an office in the state. More inside.
CDT Roundup: 13 Deals, 13 Law Firms, 126 Texas Lawyers, $6.14B
Texas dealmaking slowed a bit last week, but continued the recent brisk tempo. Don’t be surprised if there is a significant uptick in the making. The recently released Dykema survey reveals remarkable optimism for M&A activity in the coming year. The Lawbook’s Claire Poole explains.
Baker Botts aids WorleyParsons on $3.3B purchase of energy, chemicals and resources segment from Jacobs
Jacobs Engineering Group Inc. of Dallas announced Monday that it agreed to sell its energy, chemicals and resources segment to Australia-traded WorleyParsons Ltd. for $3.3 billion. The move makes WorleyParsons the world’s biggest provider of professional services in energy and resources. Claire Poole explains.
Kirkland, V&E Top M&A Legal Advisor Rankings in TX
New Mergermarket data provided exclusively to The Texas Lawbook shows that Kirkland & Ellis widened its lead in advising Texas companies involved in M&A activity during the first three quarters of 2018. V&E and Jones Day rank second and third. The Lawbook has the top 30 law firms by deal count.
Mergermarket Data : Texas M&A Transactions Continue To Churn
Mergers and acquisitions involving Texas companies continue to be upbeat, with third-quarter deal value up almost 70 percent over the second to $131.9 billion, according to Mergermarket data provided exclusively to The Texas Lawbook.
Oncor Acquires InfraREIT in $1.275B Deal
Texas’ largest electricity transmission and distribution company, Oncor Electric Delivery Co., announced Thursday that it was acquiring InfraREIT Inc. for $1.275 billion and four law firms in Texas helped make the deal go.