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.
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Porter Hedges Advises Houston Company in $512M Acquisition by Lowe’s
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.
TAJF Establishes Joe Jamail Endowment Fund for Texas Veterans
The Joe Jamail Endowment for Veteran Legal Services will ensure that Texas veterans have access to the free legal help they need to successfully integrate back into civilian life and secure the rights and benefits for which they risked their lives, according to the press release.
David Peavler Exits SEC for HD Vest Financial
The SEC is expected to announce Friday that Associate Director David L. Peavler is leaving his position as head of the enforcement division in the agency’s Fort Worth Regional Office to be the new general counsel at Irving-based HD Vest Financial. Peavler was involved in some of the biggest and most important enforcement actions in recent years.
Paving the Way for Economic Growth: Reforming the Notorious U.S. Tax System
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.
Wylys Appeal Billion-dollar Judgment to Fifth Circuit
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.
Texas Lawyers: Vote for Chad Baruch for State Bar President
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.
Willis & Sellers Keep ‘Legal Issues from Distracting’ the Business of Interstate Batteries
Dallas-based Interstate Batteries CLO Chris Willis and GC Kelvin Sellers have been busy during the past two years. They opened operations in China and acquired a 19 percent ownership in a firm that recycles lead acid batteries, while also maintaining the company’s sponsorship of NASCAR driver Kyle Busch and the Joe Gibbs Racing team.
“We work hard to keep legal matters from distracting the business,” Willis says. This article peaks inside the legal department at Interstate.
Willis & Sellers Keep ‘Legal Issues from Distracting’ the Business of Interstate Batteries
Dallas-based Interstate Batteries CLO Chris Willis and GC Kelvin Sellers have been busy during the past two years. They opened operations in China and acquired a 19 percent ownership in a firm that recycles lead acid batteries, while also maintaining the company’s sponsorship of NASCAR driver Kyle Busch and the Joe Gibbs Racing team.
“We work hard to keep legal matters from distracting the business,” Willis says. This article peaks inside the legal department at Interstate.
Texas GCs: The Billable Hour is Alive & Well
The death of the billable hour has been predicted for two decades. Skyrocketing rates often exceeding $1,200 an hour are causing corporate GCs to revisit alternative fee agreements again. But a new Texas Lawbook survey of 46 general counsel shows companies are hesitant to abandon the billable hour.