Oilfield services firm BJ Services filed for bankruptcy Monday in the Southern District of Texas. BJ Services GC John Bakht selected Kirkland & Ellis and Gray Reed as legal advisors, PJT Partners as a financial advisor and Ankura Consulting as its restructuring advisor.
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CDT Roundup: Six Deals, 5 Firms, 50 Lawyers, $1.98B
During a horrible stretch for traditional oil and gas transactions, there is one category of energy transactions that has been holding its own: renewables. And even under the mudslide of bankruptcies and recap transactions, it’s hard not to notice that Texas lawyers are beginning to cash in.
McGirt v. Oklahoma’s Potentially Sweeping Regulatory Implications for the Oil & Gas Industry
The decision, which commentators are describing as “stunning,” will have regulatory consequences far beyond defining the criminal jurisdiction of state and federal courts. This article looks at key takeaways for companies with a stake in oil and gas development in the affected region.
Updated – Meet Haynes and Boone’s Next Managing Partner
Taylor Wilson has been groomed for three decades to lead at Haynes and Boone. He’s served on the firm’s board of directors and executive committee, chaired the partner compensation committee and led hiring and recruiting efforts. On Jan. 1, he gets a new title: managing partner.
V&E Leads Noble Energy’s Sale to Chevron
Houston-based Noble Energy GC Rachel Clingman chose Vinson & Elkins to lead the oil and gas company’s sale to Chevron for $5 billion or $13 billion in enterprise value, which includes debt. Chevron hired lawyers at Paul Weiss and Shearman & Sterling as its legal advisors. This is the largest M&A deal in the Texas oil patch this year.
Susan Myres: Family Lawyers See Uncertain Times & Wildly Changing Valuations of Assets
Houston lawyer Susan Myres, president of the American Academy of Matrimonial Lawyers, says the COVID-19 pandemic has harshly impacted the family law practice. In an interview with Dallas family lawyer and Texas Lawbook contributing writer Charlie Hodges, Myres says the pandemic is having a critical affect in divorce cases involving business leaders over the issue of determining valuation of assets in a turbulent financial marketplace.
Eco-Bat Hires Daniel Terrell as new GC
Fresh out of bankruptcy, Dallas-based Eco-Bat Technologies has hired former Stream Energy general counsel and Baker Botts special counsel Daniel Terrell as the company’s first chief legal officer.
Eight State Bar Groups Join in “Condemning” Texas Bar President McDougal’s Comments
Eight separate sections of the State Bar of Texas issued a joint proclamation Saturday calling statements by the organization’s president regarding Black Lives Matter, police brutality and disrespect for women lawyers “shocking to the conscience” and “unbecoming of the office he was elected to hold.”
‘Who is Larry McDougal?’
Hundreds of Texas lawyers have called for McDougal to resign as Texas Bar president because he said in 2015 that Black Lives Matter is a terrorist group. Scores are defending him. But many lawyers are asking, “Who is Larry McDougal?” The Texas Lawbook examines the career of the former police officer and prosecutor turned Fort Bend County criminal defense attorney who was sworn in last month as the 92nd president of the state bar.
AZA Mints New Partner
AZA leadership has high praise for Sammy Ford IV.