Baker Botts, V&E and Gibson Dunn Advise on $1.3B Select-Rockwater Merger

An army of Texas lawyers from Baker Botts, Vinson & Elkins and Gibson, Dunn & Crutcher are advising Houston-based Rockwater Energy Solutions and Gainesville, Texas-based Select Energy Services on their stock-for-stock merger. Market analysts say the value of the deal could be worth $1.3 billion.

Under the agreement, Select will issue 37.95 million shares of common stock in exchange for all outstanding shares of Rockwater common stock.