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Houston-based Noble Energy said Thursday that it will exit the Marcellus Shale by divesting its midstream assets in the Marcellus Shale to a portfolio company of Quantum Energy Partners for $765 million. Noble will now focus its efforts on the DJ Basin and Delaware Basin, two areas that are hot trends in the oil & gas industry.

Houston-based Noble Energy said Thursday that it will exit the Marcellus Shale by divesting its midstream assets in the Marcellus Shale to a portfolio company of Quantum Energy Partners for $765 million. Noble will now focus its efforts on the DJ Basin and Delaware Basin, two areas that are hot trends in the oil & gas industry.

Retail home improvement giant Lowe’s Companies said Thursday that it will purchase Houston-based Maintenance Supply Headquarters, a distributor of maintenance, repair and operations products to the multifamily housing industry, for $512 million.

Reforms of the U.S. tax system are considered to be a central issue of the current administration.
Sheena Shaghaghi and David Gair of Gray Reed & McGraw describe how the changes proposed in the House Republicans’ “Blueprint” – released last June – will benefit corporations and create a framework that is conducive to job creation and wage increases.

Dallas entrepreneur and philanthropist Sam Wyly and his sister-in-law Dee Wyly have asked the federal appeals court to reverse a ruling by a bankruptcy judge that found that the Wylys committed tax fraud and levied nearly $2 billion in tax judgments against the duo. The Texas Lawbook has the details.

The run-off election for president-elect of the State Bar of Texas is one of the most important in recent history and lawyers have a real opportunity to make a difference with their vote. My partner, Chad Baruch, is the best choice. In this article, I show why, including his plans to help lawyers address the increasing challenges to profitability presented by non-lawyer providers of legal services.