Houston-based Oasis Petroleum said Wednesday that it had filed for Chapter 11 bankruptcy protection in federal court as part of prepackaged plan the company reached with its largest creditors in an effort to clear $1.8 billion in debt.
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CDT Roundup: 10 Deals, 8 Firms, 93 Lawyers, $12.8B
The big deal last week was the $7 billion sale of a 42% stake in Houston’s Cheniere Energy. Sure, it was a big deal; but as the CDT Roundup notes, it also marks a major inflection point for U.S. LNG exports which didn’t even exist 15 years ago.
Sidley Advises Safe Harbor Marinas in $2.1B Sale
Dallas-based Safe Harbor Marinas, a nationwide member-network of boating marinas was acquired Tuesday by Sun Communities, a REIT specializing in mobile home and RV communities. The Lawbook has the names of the lawyers involved.
2020 Houston Judicial Appellate Races: The Candidates, The Issues & Factors
The men and women of Texas’ appeals courts are called justices for a reason. They’re typically the first people to scrutinize whether justice was truly served to their citizens in the trial courts they oversee. In the first of a special series on Texas judicial races, this article introduces the candidates in Houston’s two intermediate appellate courts and lays out the issues that Houston voters may consider about these races while filling out their 2020 ballot.
Skadden, Kirkland, V&E Advise on $12B Merger of Devon Energy and WPX
Skadden and Kirkland counseled Devon Energy and WPX in a $12 billion merger-of-equals. The new entity will build on developed and proven assets to become a “fixed plus dividend” investment vehicle. The Lawbook has the names of the lawyers who made it happen.
Texas GC Forum Names Magna Stella Winners
Corporate in-house counsel from companies including Flowserve, NexTier, Pinnacle Propane and Seabed Geosolutions are among the recipients of the 2020 Magna Stella Awards.
“Well, that was unexpected…” Panel Considers SCOTX Term
The state’s highest court dealt with a number of issues this past term — a COVID-19 pandemic, changes in personnel and a ransomware attack. But the court also heard a few cases, and a quartet of appellate experts from Beck Redden and Haynes and Boone discussed those cases in a recent panel hosted by The Texas Lawbook.
Houston Federal Judge David Hittner Loves Jury Trials and Good Humor
U.S. District Judge David Hittner has the most active jury trial docket in the Southern District of Texas. In the two years before the pandemic, he presided over 33 jury trials. Judge Hittner believes enthusiasm and humor are imperative to happiness in the practice of law and being prepared is the key to success in the courtroom. Haynes and Boone provides this insight Premium sponsored content.
TexaSCOTUS: Texas Lawyers Gear Up for the Upcoming U.S. Supreme Court Term
Last term Texas lawyers were involved in most of the headline cases. In the upcoming term, it appears Texas lawyers will again have an outsized role. The difference: the absence of Ruth Bader Ginsburg and, sooner or later, the presence of her successor. Tony Mauro reports on cases Texans are watching.
SEC: Houston Bizman Defrauds Investors in Kenyan Clean Water Project
The SEC’s Fort Worth Regional Office filed charges Tuesday claiming that Houston businessman Verley Lee Sembritzky, Jr. and two of his companies – Bounty of the Ocean and Ocean Harvest – violated federal securities laws by operating a fraudulent investment scheme involving a purported Kenyan desalination plant investment project.
