Marking their first investment in a $50 billion joint venture campaign announced last year, Energy Capital Partners and KKR said Friday they are investing $4 billion into the development of a data center campus in Bosque County, about 75 miles southwest of Fort Worth. Kirkland & Ellis advised on the JV.
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MPLX Acquires Sour Gas Operator from Five Point for $2.375B
MPLX said Friday it has agreed to pay $2.375 billion in cash to Houston-based Five Point Infrastructure for Northwind Delaware Holdings, a New Mexico sour gas gathering, treatment and processing service operating in the Permian Basin. Latham & Watkins advised Five Points on the transaction.
Quanta Services Acquires Dynamic Systems for $1.35B
Seeking to expand its presence in the surge of data center development, Quanta Services, a Houston-based platform for industrial energy and power services, announced Thursday the completion of its acquisition of mechanical and plumbing specialists Dynamics Services for $1.35 billion. King & Spalding advised on the deal.
Unlocking Multifamily Development and Land Use in Texas Cities
Texas’s 2025 legislative session marked a major shift in land‐use policy. With Gov. Greg Abbott’s signature on SB 840, the state joined a broader wave of reforms aimed at unlocking housing supply by curbing municipal zoning and regulation. These laws will work in concert to dismantle longstanding barriers to multifamily development by streamlining conversions of commercial properties, raising the bar for rezoning protests and reducing lot‐size mandates. Together, these measures represent one of the most sweeping efforts to expand housing options and revive underused urban assets in Texas cities.
P.S. — Legal Aid Expands Across Texas with Volunteers, Grants and New Talent
In this edition of P.S., Texas legal aid organizations ramp up efforts to support communities affected by recent disasters. Texas RioGrande Legal Aid is calling on volunteer lawyers to assist flood survivors across Central Texas, while Legal Aid of NorthWest Texas launches its new mobile unit, the “Legal Aid Express,” to deliver on-the-ground disaster support to its region. SMU’s First Amendment Clinic received a $3 million endowment from the Stanton Foundation, with an additional $2 million challenge grant to expand its pro bono advocacy. Meanwhile, 17 University of Texas School of Law graduates received public interest fellowships, enabling them to serve underrepresented communities across the country. Finally, Sidley Austin’s Texas offices contributed to local hunger relief efforts as part of the firm’s “Summer of Service” campaign.
Five Firms Lead Pack on H1 Lateral Hiring
Despite seven business-focused law firms in Texas boosting their ranks significantly through new hires, new data shows that lateral partner movement slowed during the first six months of 2025 — though the decline looks steeper than it really was because the first half of 2024 was a record-setting year for partner moves. The Texas offices of three law firms — Dykema, Greenberg Traurig and Jackson Walker — led the pack by each hiring nine partners from competitors during H1 2025.
Trade Secrets Case Offers a Roadmap on Preemption, Jury Charges
The lawyer who represents a dozen former DNOW employees said a recent opinion by the Fourteenth Court of Appeals reversed a significant trial award and reshapes the legal landscape in Texas for trade secret and fiduciary duty claims. The appeal resulted in more than $2 million in attorneys’ fees and costs for the ex-employees, who were accused of conspiring to steal DNOW’s trade secrets.
Texas Fracking Sand Miner Files for Bankruptcy in NDTX
Citing $100 million to $500 million in liabilities and assets, FCI Sand Operation filed for Chapter 11 bankruptcy protection in the Northern District of Texas on Wednesday.
Boston Jury Awards Couple $42M in Johnson & Johnson Asbestos Trial
Johnson & Johnson’s baby powder was allegedly the direct cause of mesothelioma for a Massachusetts couple, according to a Boston jury. Dallas-based attorneys with Dean Omar Branham Shirley represented the couple in the two-week jury trial, which resulted in a $42 million verdict for the plaintiffs.
Baker Hughes to Buy Chart Industries in $13.6B All-Cash Deal
Baker Hughes said on Tuesday it has agreed to acquire Chart Industries for $210 a share in cash, or about $13.6 billion, as the Houston energy technology company furthers its expansion in liquified natural gas and data centers. Also Tuesday, Irving-based Flowserve Corp. said it terminated its offer to acquire Chart because the Baker Hughes offer is a “superior proposal.”