Dallas-based Alon USA Energy, Inc. has agreed to acquire the Krotz Springs Refinery in Louisiana from its Delaware limited partner, Alon USA Partners, LP for $437.5 million.
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Legendary Lawyer, WWII Veteran Henry Gilchrist Turns 90
For decades, Gilchrist represented oil tycoon Clint Murchison and his two sons, John D. Murchison and Clint W. Murchison, Jr., in various transactions – the most famous being the purchase, establishment and handling of various legal matters for the Dallas Cowboys.
Continental Resources CEO Harold Hamm to Pay Wife $1 Billion in Divorce
A judge in Oklahoma on Monday ordered Hamm to pay his wife $323 million before the end of 2014 and another $7 million a month for the next 93 months. The judgment is far less than the $6 billion Sue Ann Hamm argued she was due. The court decision means that Hamm will retain ownership and control of Continental, the oil and gas company he founded in 1967.
Baker Botts and V&E Advise on $1.15 Billion Pipeline Deal
Plains All American has agreed to purchase Occidental Petroleum Corporation’s 50 percent interest in the BridgeTex pipeline, which extends from Colorado City in West Texas to Texas City.
Baker Botts and V&E Advise on $1.15 Billion Pipeline Deal
Plains All American has agreed to purchase Occidental Petroleum Corporation’s 50 percent interest in the BridgeTex pipeline, which extends from Colorado City in West Texas to Texas City.
Shell Defamation Case Has Profound Implications on Federal Corruption Investigations
At issue in the Texas Supreme Court is whether companies that cooperate with criminal investigations for violations of the Foreign Corrupt Practices Act should be immune from defamation suits filed by employees who are implicated in internal probes. National business groups say the decision could have major negative consequences.
Legal Consultant: Texas Firms to Cut Underperforming Partners to Compete with Nat’l Firms
More global law firms are planning to move into Texas and they will continue to steal the best lawyers in the state by offering to pay them two or three times more money, a law firm management expert told the Legal Marketing Association of Texas last week. Despite the influx of money from national firms, compensation for corporate law partners in Dallas has actually declined 17 percent in recent years. He explains why.
Texas Legal Marketing: An $80 Million Industry and Growing
There are now more legal marketing professionals employed in Texas than public librarians, state court judges or licensed tow truck drivers. Some CMOs make more money than a majority of the lawyers at their law firms.
Baker Botts Leads $1.8 Billion Spin-Off for Kimberly-Clark
A group of Baker Botts lawyers primarily from Dallas helped Kimberly-Clark close its previously announced spin-off of its health care business, Halyard Health, Inc.
Declining Oil Prices = Decline in Oil Patch M&A
More than a dozen Texas-based energy M&A lawyers and investment bankers say they have personally witnessed one or more proposed deals halted during the past two weeks because of the uncertainty about the future price of crude or the drop in the stock price of one of the oil and gas companies involved in the proposed transactions.