Lawyers from Baker Botts and Latham & Watkins are expected today to close a $103.5 million initial public offering for Kimbell Royalty Partners, the first master limited partnership to announce an IPO this year. The IPO could indicate brighter times ahead for MLPs, which have been slow to recover from the low oil prices that hit the market in late 2014. Based in Fort Worth, Kimbell owns oil and gas mineral and royalty interests across 20 states.
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Bracewell and V&E Advise in $2.8B Midland Basin Asset Deal
(Feb. 8) – Austin-based Parsley Energy and Fort Worth-based Double Eagle Energy Permian have entered a deal that will expand Parsley’s net acreage in the Permian Basin to 227,000 acres. The price tag: $2.8 billion. Lawyers from Houston, Dallas, New York and Washington, D.C. are involved.
Bracewell and V&E Advise in $2.8B Midland Basin Asset Deal
(Feb. 8) – Austin-based Parsley Energy and Fort Worth-based Double Eagle Energy Permian have entered a deal that will expand Parsley’s net acreage in the Permian Basin to 227,000 acres. The price tag: $2.8 billion. Lawyers from Houston, Dallas, New York and Washington, D.C. are involved.
Scheef & Stone Recognized as “Large Business of the Year” by Frisco Chamber
The firm was recognized at the Chamber’s annual awards gala this month.
Scheef & Stone Recognized as "Large Business of the Year" by Frisco Chamber
The firm was recognized at the Chamber’s annual awards gala this month.
Cantey Hanger Elevates Three to Partner
The Fort Worth law firm has promoted Tawanna Cesare, Laura Hallmon and David Speed to equity partner.
Jury Rules for Homeowners Damaged by I-635 Express Lane Construction
In 2014, Farmer’s Branch homeowners Felipe and Aurora Rodriguez noticed huge cracks developing in their foundations, floors and walls. Big cracks. The value of their property plummeted. They blamed Trinity Infrastructure, the general contractor that handled construction of the LBJ Express Project, for causing the damage. On Tuesday, a Dallas jury agreed and awarded $248,723 in damages. Now, 230 homeowners with even more damage want their day in court.
What to Expect from the Texas Legislature in 2017
The Texas Legislature’s 85th Regular Session poses new and old challenges. The Texas House has 22 freshman members. The Senate has three fresh faces. The House also has eight vacant committee chairmanships, including House Appropriations, House Public Education and House Natural Resources.
The state’s biennial revenue estimate showing the state’s financial condition is about $105 billion for 2018-18, which is down $8 billion. What des it all mean? This article has the details.
Gibson Dunn Expands into Houston
Gibson Dunn & Crutcher, a 1,200 lawyer global firm, is expected to announced this week that it is expanding its presence in Texas by opening a branch operation in Houston. The law firm, which has has 55-lawyers in Dallas, launch into Houston by luring eight partners who specializes in energy transactions and tax law from Baker Botts and Latham & Watkins, plus one corporate general counsel who is rejoining the law firm world. The Texas Lawbook has the details.
Tom Melsheimer’s Lateral Move He Didn’t See Coming
Tom Melsheimer planned to practice at Fish & Richardson for the rest of his career. Then Winston & Strawn came calling. The Chicago-based firm convinced the former federal prosecutor that he can significantly expand his complex commercial litigation practice nationally. Plus, the firm made him a generous compensation offer. In this Texas Lawbook exclusive, Melsheimer explains how it all came together.