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 the $275 Million Sale of Allegheny Valley Connector Transmission and Storage System and Marcellus Gathering Systems to EQT Midstream Partners, LP

Deal Description: On October 13, 2016, EQT Midstream Partners, LP (NYSE: EQM) announced that it has acquired the Allegheny Valley Connector transmission and storage system, along with several Marcellus gathering systems from EQT Corporation (NYSE: EQT) for $275 million in cash. EQM funded the acquisition with borrowings from its revolving credit facility. The acquisition was effective October 1, 2016 and is expected to be immediately accretive to EQM’s distributable cash flow per unit. 

The Allegheny Valley Connector (AVC) is regulated by the Federal Energy Regulatory Commission (FERC) and includes approximately 209 miles of transmission pipeline and 11 Bcf of working gas storage capacity. The AVC system has 450 MMcf per day of transmission capacity and is fully contracted for the winter season by Peoples Natural Gas, one of Pennsylvania’s largest natural gas distribution companies, through a firm reservation commitment that expires in 2034. EQM expects to invest approximately $50 million in AVC related growth projects during the remainder of 2016 and into 2017.

The newly acquired gathering assets, consisting primarily of the Applegate, McIntosh, and Terra systems in Pennsylvania; and the Taurus system in West Virginia, include 87 miles of gathering pipeline, an estimated 7,000 hp of compression, and provide 370 MMcf per day of gathering capacity. EQT has committed to a total of 235 MMcf per day of firm capacity under a 10-year contract on the systems. EQM expects to invest approximately $105 million over the next several years to complete planned expansion projects, including the installation of approximately 20 miles of gathering pipeline and four compressor units with 20,000 hp of compression. 

Baker Botts is representing EQT Corporation in the transaction. 

Baker Botts Lawyers/Offices Involved: Mike Bengtson (Partner, Austin), Mike Bresson (Partner, Houston), Robert Montgomery (Associate, Austin) and Rob Goodin (Associate, 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