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North America - United States • Energy

Baker Botts L.L.P.

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Strengthening capabilities on the funds side through the hire of Clay Brett who brings expertise and knowledge from previous in-house experience, as well as M&A, financing and capital markets proficiencies in the form of ex-Vinson & Elkins LLP duo Caitlin Lawrence and Andrew Schulte, Baker Botts L.L.P.‘s multidisciplinary team continues to be frequently sought out by a multitude of clients due to its reputation as a leading player in the oil and gas sector. Tax, regulatory, and environmental acumen underpin the group’s range of transactions that comprehensively encompass upstream, midstream and downstream, with an increased flow of mandates pertaining to carbon capture and gas gathering that sit alongside its multi-billion-dollar basin M&A and commercial agreement deals. The practice is led by three individuals who operate out of Houston, Austin and Dallas respectively: Jason Bennett, who has been predominantly active on CCUS and novel RNG ventures; Mike Bengston, who works closely with companies and investors on a wealth of M&A, private equity and capital markets transactions; and David Emmons, who is highly regarded for his corporate finance practice. Steven Miles' eminent sector reputation continues to generate significant activity for the group, while Larry Hall is a leading advisor to the firm’s most consequential oil investors and operators on M&A, possessing impressive geographical coverage. Scott Looper is recognized for his extensive work in the midstream space while also being an active presence on the firm’s gas gathering, treating and CO2 sequestration contractual work, whereas Erin Hopkins regularly engages with M&A and acquisition financing in the upstream space. Jonathan Platt is equally instructed by public and private companies on a range of transactions. Gerry Morton and Clint Rancher are further names of note in Houston.

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Key clients

  • Ankura Consulting Group, LLC
  • Arcadia Operating, LLC
  • BKV Corporation
  • BP America, Inc.
  • BP Canada Energy Group ULC
  • Broken Hill Proprietary (USA), Inc.
  • Cabot Oil & Gas Corporation (now Coterra Energy, Inc.)
  • Carrizo Oil & Gas, Inc.
  • CenterPoint Energy, Inc.
  • CenterPoint Energy Resources Corp.
  • Chesapeake Energy Corporation
  • Citizen Energy
  • ConocoPhillips
  • Crestwood Equity Partners LP
  • Delek Logistics Partners, LP
  • Eagle Materials Inc.
  • Energy Spectrum Partners LP
  • EnLink Midstream, LLC
  • EQT Production
  • ETX Energy, LLC
  • Hibernia Energy III, LLC
  • Hunt Energy Network L.L.C.
  • Hunt Oil Company
  • Jefferies Financial Group Inc.
  • Kimbell Royalty Partners LP
  • Matador Resources Company
  • MDC Texas Energy LLC
  • Murphy Exploration & Production Company
  • Par Pacific Holdings, Inc.
  • Rangeview Green River, LLC
  • Seadrill Limited
  • Service Compression, LLC
  • Summit Midstream Partners
  • Tall Grass Energy, LP
  • Tudor, Pickering, Holt & Co.
  • U.S. Energy Development Corporation
  • Wyoming Governor's Office

Work highlights

  • Represented Hibernia Energy III in $2.25 Billion Midland Basin Sale. Civitas Resources announced on June 20, 2023, the signing of an agreement to purchase Hibernia Energy III, LLC and its Midland Basin assets for $2.25 billion in cash.
  • Represented Matador Resources Company in a $1.6 Billion Delaware Basin Acquisition Agreement whereby a wholly-owned subsidiary of Matador entered into a definitive agreement to acquire Advance Energy Partners Holdings, LLC, a portfolio company of EnCap Investments L.P.
  • Represented Seadrill Limited in its Acquisition of Aquadrill LLC. As a result of the transaction, Aquadrill became a wholly owned subsidiary of Seadrill. The transaction is valued at approximately $1 billion.

Lawyers

Hall of fame

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Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Next generation partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Jason Bennett, Mike Bengtson, David Emmons

Other key lawyers

Larry Hall, Dan Mark, Steven Miles, Erin Hopkins, Scott Looper, Jonathan Platt, Gerry Morton, Clint Rancher, Clay Brett, Caitlin Lawrence, Andrew Schulte