KNOWING MATTERS

CORPORATE DEAL

Deal Description: On February 3, 2017 - Kimbell Royalty Partners, LP, a limited partnership that owns oil and natural gas mineral and royalty interests across twenty states, announced the pricing of its initial public offering of 5,000,000 common units representing limited partner interests at $18.00 per common unit. The common units began trading on the New York Stock Exchange today under the ticker symbol “KRP.”  The offering is expected to close on or about February 8, 2017, subject to customary closing conditions.

The underwriters of the offering have a 30-day option to purchase up to an additional 750,000 common units from Kimbell Royalty Partners. At the closing of this offering, the public will own a 30.6 percent limited partner interest in Kimbell Royalty Partners, or a 35.2 percent limited partner interest if the underwriters exercise in full their option to purchase additional common units. Certain parties who are contributing oil and natural gas mineral and royalty interests at the closing of the offering will collectively own the remaining limited partner interests in Kimbell Royalty Partners.

Kimbell Royalty Partners is an oil and gas mineral and royalty variable pay master limited partnership based in Fort Worth, Texas. Kimbell Royalty Partners owns mineral and royalty interests in approximately 4.5 million gross acres across the continental United States, including ownership in more than 48,000 gross producing wells.

Baker Botts is representing Kimbell Royalty Partners, LP in the transaction.

Baker Botts Lawyers/Office Involved:

Josh Davidson (Partner, Houston); Jason Rocha (Partner, Houston); Clint Rancher (Partner, Houston); Shalla Prichard (Partner, Houston); Eileen Boyce (Associate, Houston); Chad Davis (Associate, Houston); Lakshmi Ramanathan (Associate, Houston); Samantha Blons (Associate, Houston); Jennifer Gasser (Associate, Houston); Mike Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston); David Morris (Associate, Houston); Thor Fielland (Associate, Houston); Brian Finch (Associate, Houston); Alia Heintz (Associate, Houston).

For more information, please see Client’s news release by clicking here.

Next Story / BREAKING NEWS

Noted Project Finance Lawyer Joins Baker Botts

WASHINGTON, February 13, 2017 - Baker Botts L.L.P., a leading international law firm, today announced that Mark R. Spivak has joined the firm’s Global Projects Practice. Mr. Spivak is  based in the firm’s Washington, D.C., office.

 Prior to joining Baker Botts, Mr. Spivak was the Co-Chair of the Project Development and Finance Practice at Vinson & Elkins.
 
“Mark is an outstanding lawyer and we are thrilled that he will be joining our Global Projects Practice. Baker Botts is recognized as one of the leading global energy law firms and Mark’s background and experience, especially involving projects in developing nations, will be invaluable for our clients,” said Andrew M. Baker, Managing Partner of Baker Botts.
 
“I am excited to be joining Baker Botts. They have demonstrated a strong commitment to an energy projects practice, and I am looking forward to working with their impressive team,” commented Mr. Spivak.
 
Mr. Spivak’s practice is focused on project development, project finance, and related transactions, including public-private partnerships and advising clients in the investment, acquisition and restructuring of domestic and international projects in the power generation, renewables, electric transmission, oil and gas and transportation sectors. He has particular expertise in representing sponsors in the development and financing of major energy infrastructure projects involving development funding institutions and export credit agencies.
 
Mr. Spivak received his BA from Muhlenberg College and his JD from Georgetown University Law Center, where he served as Editor of The Tax Lawyer.
 
The lawyers in Baker Botts’ award winning Global Projects Practice have significant experience working with clients in the upstream, midstream and downstream markets in virtually all forms of energy including oil, natural gas, coal and renewables, including solar, hydro and wind. The Global Projects Practice size, sophistication and experience have earned it a “reputation as an energy powerhouse,” according to Chambers USA. The Practice has a global focus having advised on matters in more than 120 countries.
Next Story / BREAKING NEWS

Clive Thorne Joins Baker Botts as Special Counsel in London IP Practice

LONDON, 7 February, 2017 - Baker Botts L.L.P., a leading international law firm, announced today that Clive Thorne has joined the firm as Special Counsel in the Intellectual Property department of the London office.

“Clive is a highly regarded litigator and specialist in Intellectual Property litigation and arbitration, including patents, designs, copyright, branding and trade secrets with a distinguished pedigree, and I am delighted that he has chosen to join our firm,” said Barton E. Showalter, Chair of the Intellectual Property Department at Baker Botts and partner in the Dallas office.

“Clive is a great addition to our London practice and I am excited about the prospect of working with such a talented senior litigator,” added Mark Rowley, Partner-in-Charge of the firm’s London office. “As we continue to build on our international capabilities, particularly with clients seeking representation in Asia, his unmatched experience in the conduct of multi-jurisdictional litigation and cross-border IP matters will help to grow our IP practice.”

”I very much look forward to working alongside such a commercially focused lawyer who can lead core IP matters for businesses of all stages effectively and is so highly sought after for his design, trade mark, trade secrets and patent work, ” commented Neil Coulson, a London based partner and Chair of the London Intellectual Property Department.

Before joining Baker Botts, Clive Thorne served as a partner in the IP and Commercial Team at Wedlake Bell. He previously spent three years as a partner at RPC and 23 years as a partner and head of the IP practices at Denton Hall and at Arnold & Porter. Mr. Thorne qualified in 1977 with Clifford-Turner and spent four years practising in Hong Kong.  

Mr. Thorne is an Associate of the Chartered Institute of Patent Attorneys, Fellow of the Chartered Institute of Arbitrators and Liveryman of the Worshipful Company of Arbitrators.

Mr. Thorne is also a founding member of The Intellectual Property Lawyers Organisation and formerly Vice Chair of the Disputes sub-committee of the IBA Technology Committee.  He is an established writer and lecturer on Intellectual Property Law, and joint author of the User's Guide to Copyright Law and User's Guide to Design Law published by Bloomberg Professional.

Mr. Thorne is a qualified solicitor in England and Wales. He is also admitted to practice in Hong Kong and Victoria, Australia. He has an MA (Hons) in Law from Cambridge University.

With over 180 lawyers and IP professionals holding over 220 technical degrees, Baker Botts’ IP practice provides unparalleled service, experience and capability in the high technology and life sciences field.

Next Story / CORPORATE DEAL

Baker Botts Represents Kimbell Royalty Partners, LP in First MLP Initial Public Offering of 2017