Porter Hedges corporate and energy attorneys have significant experience representing clients in transactions involving Master Limited Partnerships (MLPs). More specifically, our work focuses on representing special committees and conflicts committees in affiliated party transactions, including the “drop down” of businesses and assets. We advise clients in all relevant sectors, including midstream and upstream energy markets, in such matters including:
- Business acquisitions
- Acquisition of oil and natural gas properties
- Acquisition of asset portfolios
- Partnership mergers
- Internal corporate investigations and SEC and stock exchange inquiries
- Restatements of financial statements, allegations of accounting irregularities and financial reporting improprieties
- Representation of the special committee of the board of directors of a Fortune 500 midstream company in several drop-down transactions from its private equity sponsor totaling more than $1 billion.
- Representation of the special committee of the board of directors in connection with four drop-down transactions for a publicly traded E&P MLP that acquired oil and gas properties from an affiliate of the general partner totaling over $500 million.
- Representation of special committee of the board of directors for a publicly-traded E&P company in transactions valued at $220 million and $372 million for the acquisition of Utica Shale acreage.
- Representation of special committee of a pipeline construction industry servicer in a five-company merger transaction sponsored by a private equity firm.
- Representation of the independent directors of a private equity firm in a three-way merger transaction resulting in the formation and subsequent recapitalization and initial public offering of an oilfield service provider.
- Representation of special committee of an independent E&P MLP in acquisition of its general partner and other affiliated-party transactions.
- Representation of audit and special committees in connection with restatements of financial statements, allegations of accounting irregularities and financial reporting improprieties.