Doug Rayburn

Doug Rayburn is a partner in the Dallas and Houston offices of Gibson, Dunn & Crutcher and a member of the firm’s Capital Markets, Energy & Infrastructure, Mergers & Acquisitions, Finance and Securities Regulation & Corporate Governance Practice Groups. His principal areas of concentration are securities offerings, mergers and acquisitions and general corporate matters. He has represented issuers and underwriters in over 250 public offerings and private placements, including initial public offerings, high-yield offerings, investment grade and convertible note offerings, offerings by master limited partnerships and offerings of preferred and hybrid securities.

Additionally, Mr. Rayburn represents purchasers and sellers in connection with mergers and acquisitions involving both public and private companies, including private equity investments and joint ventures. His practice also encompasses corporate governance and other general corporate concerns.

Mr. Rayburn has been consistently ranked in Texas Capital Markets Debt & Equity by Chambers USA, with sources noting him as “an outstanding lawyer who is as good as it gets.” and “he knows his stuff and works hard to find compromises to divisive issues. Doug is a true gentleman who is invariably pleasant to work with." He has also been widely recognized, including in The Best Lawyers in America® (2008-2025), Texas Super Lawyer (2006-2022), Business Today Lawyer Awards (2023), and Who’s Who Legal Capital Markets (2023).

His recent and ongoing experience includes advising:

Securities Offerings

• Advised Banc of America Securities and the other initial purchasers in the offering of $600 million aggregate principal amount of 7.875% Senior Notes due 2028 by Sitio Royalties Operating Partnership, LP, an owner and manager of mineral and royalty interests
• Advised Celanese Corporation, a global chemical and specialty materials company, in an SEC registered offering by its wholly-owned subsidiary Celanese US Holdings LLC, of $3 billion aggregate principal amount of notes comprised of $1.00 billion of 6.350% Senior Notes due 2028, $1.00 billion of 6.550% Senior Notes due 2030 and $1.00 billion of 6.700% Senior Notes due 2033
• Advised Fluor, an engineering construction company, on its $500 million private offering of 1.125% convertible senior notes due 2029
• Advised Brinker International, Inc., a multinational hospitality industry company, on its $350 million offering of 8.250% Senior Notes due 2030
• Advised the underwriters in a public offering by Targa Resources Corp., a leading provider of midstream services, of $1.75 billion aggregate principal amount of senior notes comprised of $900 million of 6.125% Senior Notes due 2033 and $850 million of 6.500% Senior Notes due 2053
• Advised the underwriters in a public offering of $1.1 billion of 5.100% Senior Notes due 2026 by Pioneer Natural Resources Company, a large independent oil and gas exploration and production company
• Advised Matador Resources Company, an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, on its offering of $500 million of 6.875% senior unsecured notes due 2028

Mergers and Acquisitions

• Advised P10, Inc., a multi-asset class private market solutions provider in the alternative asset management industry, in the acquisitions of Five Points Capital, Inc., TrueBridge Capital Partners LLC, Enhanced Capital Group, LLC and Westech Investment Advisors LLC
• Advised InfraREIT, Inc., a regulated electric utility, in its acquisition by Oncor Electric Delivery Company for $1.275 billion
• Advised Arkoma Drilling, L.P. and Williston Drilling in its sale of oil and gas assets located in North Dakota’s Bakken shale basin to Comstock Resources, Inc., a leading independent natural gas producer operating primarily in the Haynesville shale, and acquisition of a majority interest in Comstock
• Advised the Conflicts Committee of Blueknight Energy Partners, L.P., a publicly traded master limited partnership providing integrated terminalling services for companies engaged in the production, distribution, and handling of liquid asphalt, in the acquisition of Blueknight by Ergon, Inc.
• Advised Blueknight Energy Partners, L.P. in the disposition of its crude oil terminalling business

Mr. Rayburn earned his Juris Doctor cum laude in 1993 from University of Michigan Law School. He received an Master of Business Administration in 1989 from Vanderbilt University, where he previously graduated in 1988 cum laude, earning a Bachelor of Arts degree in economics.