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).
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.
“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.
Baker Botts announced that its Intellectual Property group has been recognized in the 2017 edition of World Trademark Review 1000 – The World’s Leading Trademark Professional, published by World Trademark Review of the IP Media Group.
The Court of Appeals for the Federal Circuit has recently announced that it will hear en banc the question of whether certain decisions of the Patent Trial and Appeal Board (PTAB) that are entered at the beginning of America Invents Act (AIA) trials (e.g. at the outset of an Inter Partes Review) are reviewable on appeal. This has the potential to reshape the conduct of PTAB Trial proceedings and may alter the relationship between PTAB Trials and parallel District Court proceedings. Click here to read more from Baker Botts IP lawyers.
The German Supreme Court (BGH) today issued an important judgment in a state matter for Ryanair, concerning the agreements between Ryanair and the Lübeck airport.
In the Baker Botts IP Report, lawyers share their insight on the latest Intellectual Property topics.
Baker Botts recently announced two new initiatives as part of the firm’s efforts to support working parents. Click to read more.
Foundation Building Materials, Inc. (the “Company”) announced February 9, 2017 the pricing of its initial public offering of 12,800,000 shares of its common stock, all of which are being offered by the Company, at a price of $14.00 per share (before underwriting discounts and commissions).
Baker Botts L.L.P. today announced that the United States Department of Justice (“DOJ”) advised that it has closed the investigation into the Angolan operations of Firm client, Cobalt International Energy, Inc. (“Cobalt”) (NYSE: CIE) without any action.
As part of Baker Botts’ on-going series of seminars, client events and communications focused on the new Trump Administration, Washington D.C., based partners Sean Boland, Paul Cuomo, and Tom Fina provided an overview on the new Administration’s likely Antitrust enforcement priorities and an update on recent antitrust developments
On May 4, 2016 the Internal Revenue Service (the “IRS”) issued final and temporary regulations, Treasury Regulation § 301.7701-2T (the “Regulation”), to clarify the employment tax treatment of partners in a partnership that owns a disregarded entity.
Baker Botts L.L.P., a leading international law firm, announced that Wayne Stacy, a partner in the firm’s Intellectual Property (IP) Department, has collaborated with Orion Armon to author the newly released PTAB Digest Deskbook, 2016 Edition.
Baker Botts Litigation partners, Amy Conway-Hatcher and Alex Bourelly discuss recent activity of corporate misconduct and provides guidance on how best to not only get ahead of problems that may arise, but also become more nimble and tactical in how an organization responds to ‘‘the unexpected.’’