Two Energy Deals Worth $4.5 Billion Highlight Labor Day Weekend Sales
Texas lawyers toiled over the Labor Day weekend, as two oil and gas-related deals worth more than $4.5 billion were announced Tuesday.
Free Speech, Due Process and Trial by Jury
Texas lawyers toiled over the Labor Day weekend, as two oil and gas-related deals worth more than $4.5 billion were announced Tuesday.
Houston corporate lawyers Robin Fredrickson and Jeff Muñoz are the dealmaking power couple in the oil patch.
It was the best weekly showing of the year in terms of value after the $68.6 billion reached a few weeks ago (thanks to the Energy Transfer Equity-Energy Transfer Partners merger).
Consolidation continues in the oil and gas industry, but this time it isn’t in the Permian Basin of Texas and New Mexico.
I am now convinced that every lawyer should take a pause in one’s career to see where one has come from and what the future holds unless a course correction is taken.
Texas lawyers from two firms won the work on the $1.438 billion sale of a half-stake in the BridgeTex Pipeline Co. by Plains All American Pipeline and Magellan Midstream Partners to an affiliate of Canadian pension fund manager Omers.
A big time acquisition in oil and gas and a sizable semiconductor manufacturing transaction highlighted another respectable week across business sectors for Texas lawyers, who logged 10 transactions valued at $12.4 billion. Eleven firms and 53 attorneys were involved.

In a much-speculated-about move – pushed along by activist investors – Midland-based Diamondback Energy Inc. said after the markets closed Tuesday that it had agreed to acquire Energen Corp. for $9.2 billion in stock and assumed debt.
It was all energy this week, except for a single financial services-related deal involving an affiliate of billionaire David Bonderman’s private equity firm TPG.
Investment banking stalwarts Goldman Sachs and JP Morgan were the top financial advisors on deals involving Texas companies in the first half, according to Mergermarket data provided exclusively to The Texas Lawbook.
Three deals totaling $7.3 billion announced within 24 hours of each other show that dealmaking is picking up in the oil and gas sector. Two involved midstream assets and the other involved oil and gas properties in the Midland Basin of West Texas.
In his first in-depth interview since the move, Wheeler talks about why he joined Kirkland, what he aims to accomplish and how he sees the M&A and capital markets landscapes shaking out for the energy industry.
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