Observers have long said that the oil and gas industry needs to consolidate, given the number of players and investors’ push for companies to generate free-cash flow and higher dividends and stock buybacks. This week they got their wish with three different $1 billion-plus deals. Claire Poole has the details of those deals, and more.
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McGuireWoods Independent Sponsor Conference: Several Factors Drive Explosive Growth
As the independent sponsor model continues to expand in popularity, private equity leaders and investment professionals need to find ways to differentiate themselves. More than 600 independent sponsors and capital providers came together last month to share insights on industry trends and best practices for structuring and executing transactions.
Rowlett Condemnation Case Tests Post-Kelo Statute
Amid a flurry of amicus briefs from property rights advocates, business groups and municipal planners, the Texas Supreme Court heard arguments last week in an eminent domain dispute from Rowlett. The case is a test of a Texas statute designed to protect private property rights following Kelo v. City of New London.
Voter Problem? There Are Lawyers You Can Call
Where is a lawyer when you need one? If you have have a voting dispute tomorrow, they are actually on call. It’s part of a volunteer project that has roots in the Kennedy Administration. Claire Poole explains.
Kirkland Advises Newfield on $7.7B Purchase by Canada’s Encana
Encana’s $7.7 billion purchase of Newfield Exploration is the third billion-dollar-plus merger between publicly traded oil and gas producers announced this week. Kirkland advised The Woodlands-based Newfield. Claire Poole talked with Kirkland partner Sean Wheeler about the deal.
KRCL Paves Departure of 20-Lawyer Litigation Group
In an era characterized by the zig of headlong expansion, the Texas-based firm of Kane Russell Coleman Logan has found a way to zag. In unusually amicable fashion, senior director Zach Mayer is departing from the 26-year old firm and, with the blessing of its founding management, taking as many as 20 lawyers with him. More in The Texas Lawbook
Trinity Industries Promotes Teachout to CLO, Richardson to Corp. Secretary
Dallas-based Trinity Industries promoted deputy general counsel Sarah Teachout to chief legal officer Thursday and Jared Richardson to the post of corporate secretary. Long-time CLO Theis Rice retains the title of senior VP and will serve as the industrial supply company’s chief corporate compliance officer. The Texas Lawbook has the details.
Review: Federal Commercial Litigation Treatise has Strong Texas Influence
Business and Commercial Litigation in Federal Courts is breathtaking in its scope and breadth. This 14-volume treatise is edited by New York litigator and scholar Robert Haig, but its authors include several leading Texas lawyers, including David Beck, Judge Barbara Lynn, David Coale, Rod Phelan, Van Beckwith and Chip Babcock.
Clark Hill Strasburger Receives LCLD’s Inaugural Compass Award
Clark Hill received the inaugural Compass Award, given to an LCLD member who demonstrates an exemplary commitment to the Council’s goal of creating a diverse legal profession, at the Ninth Annual LCLD Membership Meeting last week in Washington, D.C.
Dallas Firm Hires Ex-DEA Attorney to Strengthen Opioid Litigation Expertise
Jonathan Novak, who most recently practiced at McNamee Hosea in Maryland, was a litigator in the DOJ’s Drug Enforcement Administration from 2011 to 2015.