“Five Firms Handle Texas Energy Acquisition, Related Transactions” ; Nov. 29, 2017
Five firms landed a piece of the work on Black Stone Minerals‘ $340 million acquisition of mineral and royalty assets from Noble Energy and related transactions.
Porter Hedges represented Houston-based Black Stone Minerals in the acquisition, which was announced Nov. 27, and Vinson & Elkins represented the company in connection with a private placement to help fund the acquisition. Gibson, Dunn & Crutcher represented an affiliate of The Carlyle Group, which invested $300 million in Black Stone convertible preferred units through the private placement. Andrews Kurth Kenyon represented the lead placement agents, Bank of America Merrill Lynch and Barclays. Thompson & Knight advised Pivotal Petroleum Partners of Dallas on a farmout transaction with Black Stone announced at the same time as the acquisition.
Pivotal Petroleum’s deal team from Thompson & Knight was led by partner Robert Dougherty III of Dallas and also included partners J. Holt Foster, Kurt Summers and Brandon Bloom, all of Dallas, and associates Kelli Sims of Houston and Tony Johnston, Emily Semands, Christina Collins Sanders and Kathleen Gerber, all of Dallas.