Last week marked the official start of summer, but so far it appears to be all work no play for Dallas corporate lawyer Glenn West. In the past week, he has handled a $1.6 billion deal for a concrete block maker and has helped a packaging company expand into the wine, food, produce and e-commerce customer segments.
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Gibson Dunn, V&E Handle $1B Equity Commitment for New Company Formation
A group of Vinson & Elkins and Gibson, Dunn & Crutcher lawyers said Wednesday that they advised Canada Pension Plan Investment Board and Encino Energy in their equity commitment to form Encino Acquisition Partners, a joint venture between the two companies that will focus on U.S. oil and gas acquisition opportunities.
Gibson Dunn, V&E Handle $1B Equity Commitment for New Company Formation
A group of Vinson & Elkins and Gibson, Dunn & Crutcher lawyers said Wednesday that they advised Canada Pension Plan Investment Board and Encino Energy in their equity commitment to form Encino Acquisition Partners, a joint venture between the two companies that will focus on U.S. oil and gas acquisition opportunities.
DBJ: TPG Growth Acquires Dallas Oil Pipeline Company
Fort Worth-based TPG Growth said Tuesday that it is acquiring Dallas pipeline company, Discovery Midstream. The financial terms are undisclosed, but the legal teams were public: Weil is representing Discovery, while V&E is representing TPG. Details here.
DBJ: TPG Growth Acquires Dallas Oil Pipeline Company
Fort Worth-based TPG Growth said Tuesday that it is acquiring Dallas pipeline company, Discovery Midstream. The financial terms are undisclosed, but the legal teams were public: Weil is representing Discovery, while V&E is representing TPG. Details here.
NextEra Blasts PUC’s Rejection of Oncor Acquisition
NextEra Energy is making one final plea with the Texas Public Utility Commission to reconsider its decision earlier this year that rejected the Florida power company’s $18.7 billion acquisition of Dallas-based Oncor. In a blistering 44-page petition, NextEra argues that the PUC overstepped its authority, ignored evidence, misinterpreted Texas laws and simply used bad judgment when it refused to allow NextEra to purchase Oncor. The Texas Lawbook has complete details.
SCOTX Rules In Cross-Conveyance Case: A Deal’s A Deal
In a long-running dispute over payments from a gas well mistakenly included in two separate pooled drilling units, the Texas Supreme Court sides with the royalty owners. The court says that Oklahoma-based Samson Exploration’s application of property law to correct a contractual error: “a theoretical construct that holds no water.”
Millennial Energy Hires Clay Brett as New GC
Houston-based Millennial Energy Partners has hired, as you might expect, a millennial to be the independent, privately-held oil and gas firm’s first general counsel. Former Wilkie Farr lawyer Clay Brett, 30, will lead the young company’s corporate legal department.
SCOTX: Noble Energy Owes $63 million in Closely Watched Bankruptcy Assets Case
The Texas Supreme Court says that obligations assumed in a 1999 bankruptcy require Noble Energy to indemnify ConocoPhillips in a $63 million oil field contamination agreement with the State of Louisiana. The Texas Lawbook has the details.
Bizarre $12M Trade Secrets Case for Quantlab Finally Nears an End
A decade-long legal battle between a privately-held Houston financial research firm and Ukrainian mathematician and a Wisconsin securities lawyer nicknamed Emo over secret algorithms and mathematical formulas that aid high frequency trading is finally coming to an end thanks to a decision by the Fifth Circuit. The story involves FBI raids, secret meetings at a Greek Orthodox monastery in Arizona and the patron saint of St. Petersburg. Quantlab GC Tim McInturf of Houston discusses the importance of this bizarre trade secrets case and the work of his outside counsel.