© 2014 The Texas Lawbook.
By Natalie Posgate– (July 24) – Los Angeles-based Breitburn Energy Partners LP said Thursday that it will acquire Houston-based QR Energy, LP for approximately $3 billion. Mounds of Texas lawyers are on the job for the transaction.
The acquisition will make Breitburn the largest oil-weighted upstream MLP with a pro forma enterprise value of approximately $7.8 billion.
Houston Latham & Watkins partners Sean Wheeler and Michael Dillard are leading the deal for Breitburn, along with Los Angeles partner Steven Stokdyk. Houston partners Joel Mack and Tim Fenn and associates Chris Little, Ryan Lynch and Jayne Wabeke are also assisting, as well as more attorneys from the firm’s Los Angeles and New York offices.
A primarily Houston-based team of Vinson & Elkins lawyers are advising QR Energy. Corporate partners Jeff Floyd and Jeff Malonson are leading the deal, and are receiving assistance from corporate parner Ramey Layne and associates Shaun Mathew, Atman Shukla, Benji Barron, Matt Wiener and Atma Kabad.
Other V&E attorneys playing leading roles in the transaction include partners Ryan Carney, David D’Alessandro, Michael Holmes, Larry Nettles, Tres Cochran and Billy Vigdor; counsel Larry Pechacek; and associates James Melchers, Jared Whalen, Missy Spohn, Matthew Dobbins and Dennis Schmelzer.
Houston Bracewell & Giuliani partners Gary Orloff and Dan Witschey and associate Clay Brett serve as legal counsel for the conflicts committee of QR Energy’s board of directors.
The acquisition is expected to close in late 2014 or early 2015.
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