Skadden represented Houston-based independent power generator Dynegy Inc. in its $3.25 billion acquisition of EquiPower Resources Corp. and Brayton Point from private equity firm Energy Capital Partners.
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Baker Botts Represents Kinder Morgan Energy Partners (KMP) and Kinder Morgan Management (KMR) in $70 Billion Purchase of KMP, KMR and El Paso Pipeline Partners (EPB) by Kinder Morgan, Inc. (KMI)
Earlier today, Kinder Morgan, Inc. (NYSE: KMI) announced its intention to acquire by merger of all of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE:EPB), all of which are controlled by KMI. The proposed mergers, the consideration of which is valued at approximately $70 billion in the aggregate, collectively represent the largest energy M&A transaction since the merger of Exxon and Mobil. The combined entity will be the largest energy infrastructure company in North America and the third largest energy company overall with an estimated enterprise value of approximately $140 billion.
Tags: Baker Botts L.L.P. | HoustonAkin Gump Advises Newfield Exploration in $588 Million Sale of Granite Wash Assets
Akin Gump advised Newfield Exploration Company in a deal announced July 29, in which the company signed a $588 million purchase and sale agreement for its Granite Wash assets to Oklahoma City-based Templar Energy LLC (operating through Le Norman Operating LLC). The sale will have an effective date of July 1, 2014, and is expected to close in the third quarter of 2014.
Tags: Akin Gump Strauss Hauer & Feld LLP | HoustonHogan Lovells Advises JX Nippon Oil & Gas Exploration Corporation in Joint Venture with NRG Energy to Build World’s Largest Post-Combustion Carbon Capture-Enhanced Oil Recovery Project
A Hogan Lovells cross-border, cross-practice team made up of lawyers from Denver, Houston, Washington, D.C., and Tokyo, advised JX Nippon Oil & Gas Exploration Corporation (“JX Nippon”) in its formation of a 50/50 joint venture company (“ the Company”) through its wholly owned subsidiary JX Nippon Oil Exploration (EOR) Limited1; and Petra Nova Holdings LLC, a wholly owned subsidiary of NRG Energy, Inc. (“NRG”).
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Porter Hedges Represents American Energy Partners in Three Shale Acreage Transactions Totaling $4.25 billion
Porter Hedges represented affiliates of American Energy Partners, LP (AELP) in the acquisition of shale acreage in the Marcellus, Utica and Permian Basin in three separate transactions with a combined acquisition price of $4.25 billion.
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Jackson Walker Welcomes Daniel Nossa
Daniel Nossa is a partner in the Energy, Derivatives, and Investment Funds group at Jackson Walker. He advises public and private entities on commodity and financial transactions ranging from plain vanilla trades to complex multi-billion dollar structured deals. Mr. Nossa has extensive experience negotiating and drafting industry standard documentation such as the ISDA, GMSLA, MSLA, MSRA, EEI and NAESB agreements and many forms of credit support documents including CSAs, security agreements, guaranties and letters of credit. He advises dealers and end users on the Commodity Exchange Act and Dodd-Frank regulations. Mr. Nossa received his A.B., cum laude, from Princeton University and his J.D. degree from Stanford Law School.
Tags: Jackson Walker, LLP | HoustonCenterPoint Energy Houston Electric, LLC $600 Million General Mortgage Bonds Offering
Leading Oil and Gas Attorney Michael Byrd Joins Akin Gump in Houston
Akin Gump today announced the addition of Michael J. Byrd as a partner in the firm’s energy practice in Houston. Mr. Byrd is an experienced and recognized attorney in the oil and gas industry, whose practice emphasizes upstream M&A transactions. He comes to Akin Gump from Baker & McKenzie, where he served as chair of that firm’s North America oil and gas practice group.
Tags: Akin Gump Strauss Hauer & Feld LLP | HoustonProsperity Bank Inc.’s $375 Million Acquisition Wins Houston Business Journal’s Banking Deal of the Year
Bracewell & Giuliani LLP served as primary legal counsel to Prosperity Bank Inc. in connection with its $375 million acquisition of FVNB Corp. and First Victoria National Bank for, a deal recently named “Deal of the Year” by The Houston Business Journal in the banking category.
Tags: HoustonWinston & Strawn Expands Energy Practice with Addition of Two Oil and Gas Partners in Houston
Winston & Strawn LLP has announced the expansion of the firm’s global energy practice with the addition of two oil and gas partners in Houston. Denmon Sigler and Craig S. Vogelsang join the firm’s energy practice group. Ms. Sigler was most recently with Baker Botts, and Mr. Vogelsang with Norton Rose Fulbright. Their arrival comes just one month after a high-profile group of Weil, Gotshal & Manges litigators and bankruptcy lawyers joined the office, and reinforces the firm’s commitment to growth and developing a full-service platform in Houston.
Tags: Winston & Strawn LLP | Houston