© 2014 The Texas Lawbook.
By Natalie Posgate – (August 25) – Vinson & Elkins and Thompson & Knight are advising two Texas companies – Tug Hill, Inc. and Quantum Energy Partners – with their recently announced partnership formation.
The partnership, called THQ, will pursue the acquisition, development and exploitation of oil and gas assets in North America. Quantum and Tug Hill will fund it with an initial $450 million equity commitment.
V&E represents Quantum, with Houston partners Keith Fullenweider and Creighton Smith as the lead attorneys. They received assistance from tax partner John Lynch and associates Chris Colquitt and Robert Hughes of Houston, as well as associates John Grand and Thomas Laughlin from the firm’s Dallas office.
Quantum’s general counsel, James Baird, was also involved in the deal.
In June 2013, Fullenweider led another deal for Quantum when the Houston-based oil and gas private equity firm agreed to jointly acquire Dayton, Texas-based Global Tubing with Forum Energy Technologies. The deal officially closed the following month.
A Dallas-based T&K team of attorneys handled the partnership deal for Fort Worth-based Tug Hill. Partner Wesley Williams served as the lead attorney, and received assistance from partners Jessica Hammons and David Wheat and associates Sam Merrill and Van Wiltz.
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