January 10, 2018
Commodity prices tend to drive M&A and A&D activity in the energy sector, and one can argue that price stability is as important, if not more important, than whether prices are high or low. Obviously, it is a bit more complicated than that, as a number of factors come into play. While it is impossible to predict the future, particularly in regard to oil prices, we can discuss what we have been seeing, what we are seeing now, and what we expect to see in the future.
Please join members of Gibson Dunn’s Mergers and Acquisitions and Oil and Gas Practice Groups for a 60 minute presentation to (1) discuss the current state of mergers and acquisitions at the corporate level (“M&A”) and acquisitions and divestitures at the asset level (“A&D”) in those segments of the energy sector comprised of upstream oil and gas, midstream oil and gas, and oilfield services; (2) identify trends in M&A and A&D in those segments; and (3) use their crystal balls to attempt to foresee what the future holds for M&A and A&D in those sectors.
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Michael P. Darden is Partner-in-Charge of the Houston office of Gibson, Dunn & Crutcher, chair of the firm’s Oil & Gas practice group, and a member of the firm’s Energy and Infrastructure and Mergers and Acquisitions practice groups. His practice focuses on international and U.S. oil and gas ventures, including LNG, deep-water and unconventional resource development projects, international and U.S. infrastructure projects, asset acquisitions and divestitures and energy-based financings, including project financings, reserve-based loans and production payments.
Tull Florey is a partner in the Houston office of Gibson, Dunn & Crutcher and a member of the firm’s Mergers & Acquisitions, Capital Markets, Oil & Gas and Securities Regulation and Corporate Governance practice groups. He has an extensive corporate and securities law practice, emphasizing transactional and governance matters. His practice focuses on mergers and acquisitions and securities offerings for companies in the energy industry. He has particular experience with clients engaged in oilfield service, oil and gas exploration and production, oilfield equipment manufacturing, midstream and seismic.
Justin T. Stolte is a corporate partner in the Houston office of Gibson, Dunn & Crutcher, and a member of the firm’s Mergers and Acquisitions, Energy and Infrastructure, and Oil and Gas practice groups. He represents exploration and production companies, midstream companies, private equity clients, and other financial institutions in complex transactions across the energy sector, with a particular focus on acquisitions, divestitures, and joint ventures involving upstream and midstream oil and gas assets. He also has significant experience representing management teams in line-of-equity investments from private equity sponsors.
Jeffrey A. Chapman is Co-Chair of Gibson Dunn’s Global Mergers and Acquisitions Practice Group. He maintains an active M&A practice representing private equity firms and public and private companies in diverse cross-border and domestic transactions in a broad range of industries.