Baker Botts LLP

Energy & Natural Resources Department

USA - Nationwide
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What the team is known for A very well-regarded energy firm with strength across transactional, regulatory and litigation settings. Frequently retained by oil and gas, power and investor clients who are active in energy matters. Strong in oil and gas acquisitions and sales, with particular expertise in the MLP market. Provides regulatory advice and FERC representation on pipeline and rate issues. Noted for particular abilities in FERC rulemakings. Also active in the power space, assisting traditional power, renewable energy and utility clients on a range of transactions.

Strengths Market commentators note: "It has terrific lawyers who are well positioned in the oil and gas sector."

Sources highlight: "They are very punctual in delivering quality work product and are able to explain their legal advice in person and in writing in a very user-friendly fashion. They have a good, assertive level of knowledge."

Clients say: "They provide excellent service. They're a great business partner to their clients and deliver great outcomes. They can also easily navigate complicated transactions."

Interviewees reveal: "The team is thoughtful and strategic in its approach. They are careful to account for all the variables, while at the same time being decisive and nimble in their execution."

Clients highlight: "The Baker Botts attorneys are always available when needed and provide consistent high-quality representation and work product. They also have good relationships with other companies in the industry and can draw from similar experiences."

Market commentators note: "They are true energy lawyers; they are focused and know the energy space very well. It's not just an add on for them."

Clients reveal: "Extremely knowledgeable, diligent and responsive, they are committed to the success of their clients."

Work highlights Represented BHP Billiton in its $10.5 billion sale of oil and gas interests in the Eagle Ford, Haynesville and Permian Basins as well as its $315 million sale of companies that own developed and undeveloped properties in the Fayetteville Shale basin.

Advised IFM Investors on all regulatory matters linked to its $10.3 billion merger with Buckeye Partners.

Represented Vectren in its $6 billion merger with CenterPoint Energy, with the combined company operating electric and gas delivery operations in eight states.

Notable practitioners

Elaine Walsh has considerable experience handling high-value transactions on behalf of major electricity market clients, which include key power producers and private equity investors. Sources highlight: "She's good at getting people to come around and understand the nuances. Her attention to detail is really good; she's able to home in on what's most important and provides a good perspective on what not to fight on."

Erin Hopkins is an up-and-coming attorney noted for assisting clients in the oil and gas sector on the acquisition and sale of companies and other assets as well as mineral and royalty interests. Interviewees note: "He understands the documentation with photographic ability, where everything is and how it stands together."

Lawrence Hall 's expertise is frequently sought by publicly traded and private equity-backed oil and gas companies. He advises on a broad array of matters, including M&A and related commercial agreements. He has considerable strengths in mandates in the upstream space.

Michael Didriksen represents investors, utilities and developers in a wealth of complex commercial matters spanning the sector, including mergers, acquisitions and retail power contracts. Interviewees note: "He has a strong practice and an exceptional grasp of the technical elements of energy infrastructure."

Michael Rosenwasser has particular strengths advising on master limited partnership formation alongside his extensive experience in oil and gas transactions, including investments and M&A. Market commentators say: "He's the top MLP lawyer in the country."

Thomas Eastment possesses a wealth of experience assisting power marketers and shippers with challenging litigation and regulatory issues, particularly those concerning oil and gas pipeline transportation, construction and operation.

William Lamb has longstanding experience advising senior management and boards of directors on power and utility industry transactions, with considerable strengths in handling high-value mergers and strategic A&D. Market commentators highlight: "He is a prominent thinker who offers great strategic analysis; he has a very keen understanding of transactions and the key points that tend to be the hardest to negotiate. He has a vast history to draw on and provides valuable judgment."