Deal Description: October 25, 2016 – EQT Corporation (NYSE: EQT), today, announced that it has signed three definitive agreements, in related transactions, to acquire additional core Marcellus acreage, consisting of approximately 42,600 net acres and current natural gas production of approximately 42 MMcfe per day from Trans Energy, Inc. (Trans Energy) and entities affiliated with Republic Energy (Republic) for an aggregate purchase price of $513 million; and approximately 17,000 net acres and current natural gas production of approximately 2 MMcfe per day from a third-party for $170 million. The transactions are expected to close by year-end 2016. EQT will finance the acquisitions with cash-on-hand. 

Combined, these acquisitions add a sizeable amount of acreage to EQT’s core development area and complement EQT’s operations in West Virginia and Pennsylvania. Much of this acreage is contiguous with EQT’s existing acreage; therefore, lateral lengths can now be extended from 2,750 feet to 6,000 feet, on average, for roughly 190 existing EQT locations – delivering operational synergies that will reduce overall costs and deliver stronger well economics. 

Baker Botts is representing EQT Corporation in each of the three acquisitions. 

Baker Botts Lawyers/Office Involved: 

Trans Energy Matter: Mike Bengtson (Corporate Partner, Austin); Jim Marshall (Corporate Partner, Houston); John Kaercher (Corporate Senior Associate, Austin); Robert Goodin (Corporate Associate, Austin); Justine Robinson (Corporate Associate, Houston); Michael Bresson  (Tax Partner, Houston) 
Republic Energy Matter: Mike Bengtson (Corporate Partner, Austin); Coleson Bruce (Global Projects Senior Associate, Austin); Robert Goodin (Corporate Associate, Austin); James Chenoweth  (Tax Partner, Houston) 
Confidential Third Party Matter: Mike Bengtson (Corporate Partner, Austin); Jeremy Kennedy (Global Projects Partner, Houston); John Craven (Global Projects Associate, Houston); James Chenoweth (Tax Partner, Houston); Aileen Hooks (Environmental Partner, Austin)

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


Baker Botts Represents Underwriters in Forterra, Inc.’s Initial Public Offering

Deal Description: October 19, 2016 – Forterra, Inc. (the “Company”) announced today the pricing of its initial public offering of 18,420,000 shares of its common stock, all of which are being offered by the Company, at a price of $18 per share (before underwriting discounts and commissions). The Company’s sole stockholder has granted the underwriters an option to purchase up to an additional 2,763,000 shares of common stock at the initial public offering price. The shares will begin trading tomorrow on the Nasdaq Global Select Market under the symbol "FRTA" and the offering is expected to close on October 25, 2016. 

Baker Botts L.L.P. is representing the underwriters in connection with the initial public offering. 

Baker Botts Lawyers/Office Involved: 
Corporate: Samantha Crispin (Partner, Dallas); Joshua Davidson (Partner, Houston); Bryan Henderson (Senior Associate, Dallas); Jessica Phillips (Associate, Dallas) 
Tax: Steve Marcus (Partner, Dallas); Aaron Pinegar (Senior Associate; Dallas) 
Environmental: Aileen Hooks (Partner, Austin); Ty’Meka Reeves (Associate, Austin) 
Employee Benefits: David Schiller (Partner, Dallas); Jennifer Trulock (Partner, Dallas); Marian Fielding (Associate, Dallas) 
Real Estate: Patrick Matthews (Senior Associate, Dallas) 
Intellectual Property: Jerry Tice (Associate, Dallas)

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


Baker Botts’ Brooke McNabb Named 2016 Women in Energy Honoree by Texas Lawyer

HOUSTON, October 17, 2016 - Baker Botts L.L.P, a leading international law firm, announced today that partner Brooke McNabb has been recognized among Texas Lawyer’s 2016 Women in Energy – an award honoring “outstanding female attorneys in the Lone Star State who practice in the ever-changing area of energy law.” 

“This recognition is an exceptional acknowledgment of Brooke’s success and dedication to her practice and clients,” said David Sterling, a Houston-based partner and Chair of the firm’s Litigation Department. “She is known among her peers in Texas and the nation as a rising star and this award further demonstrates her prominence in the energy litigation arena. It’s an honor to have such talent in the practice.” 

McNabb is an Energy Litigation partner in the firm’s Houston office focusing on big-stakes commercial cases for energy companies and complex disputes in the real estate sector. She represents plaintiffs and defendants in state and federal courts in a variety of complex commercial litigation matters, including breach of contract, fraud, breach of fiduciary duty, and other tort claims. 

Texas Lawyer released the 2016 Women in Energy list honoring those women for their work in the area of energy law—an area that has been particularly volatile this past year. McNabb and the list of honorees will be profiled in the December issue of Texas Lawyer magazine. An event will also be held in their honor December 5 at the Magnolia Hotel in Houston to recognize their achievements in this practice area. 

For more information on Baker Botts’ Energy Litigation practice, please click here


Baker Botts Represents EQT Corporation in its Acquisition of Approximately 60,000 Marcellus Acres for $683 Million in Three Transactions