Joshua Davidson

Partner

[email protected]

Houston

P: +1.713.229.1527
F: +1.713.229.2727
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Josh Davidson handles a wide range of corporate and securities work, and he is nationally recognized for his experience in transactions involving master limited partnerships, (MLPs), YieldCos and royalty trusts. Mr. Davidson is head of the firm's Capital Markets Practice. He has participated in hundreds of common and preferred equity and investment grade and high yield debt public offerings and private placements, including over 60 initial public offerings. Mr. Davidson works with companies in the pipeline, midstream, oil and gas, coal, renewable energy, shipping, and refining industries.

Mr. Davidson is also skilled in representing issuers, conflicts committees and financial advisors in public MLP M&A transactions, including going private transactions, as well as MLP simplifications, restructurings, corporate conversions, asset dropdowns, third party asset acquisitions, restructurings, tender offers and proxy filings private equity funds and other institutional investors in acquiring securities from issuers and selling unitholders; and issuers in their ongoing corporate and securities work.

Related Experience

Mergers & Acquisitions (including MLP Simplifications)

  • Conflicts Committee of CNX Midstream Partners LP – acquisition by CNX Resources Corporation
  • Summit Midstream Partners – acquisition of its general partner and common units from Energy Capital Partners
  • Conflicts Committee of Noble Midstream Partners LP – acquisition of the incentive distribution rights by Noble Midstream
  • AmeriGas Partners – acquisition by UGI Corporation
  • Equitrans Midstream – Equitrans' acquisition of EQGP Holdings
  • Valero Energy Corporation – Valero Energy Corporation's acquisition of Valero Energy Partners
  • EnLink Midstream LLC – EnLink Midstream's acquisition of EnLink Midstream Partners
  • Kimbell Royalty Partners – conversion to a corporation for tax purposes
  • Conflicts Committee of PennTex Midstream – acquisition by Energy Transfer
  • Lazard Freres – financial advisor to Western Gas Partners in acquisition by Western Gas Equity Partners
  • Jefferies Inc. – financial advisor to MPLX in its simplification
  • Kimbell Royalty Partners – acquisition of Haymaker Minerals & Royalties, LLC and Haymaker Resources, LP
  • Conflicts Committee of Williams Partners, LP – merger of Williams partners into a subsidiary of The Williams Companies, Inc.
  • EQT Corporation – merger of Rice Midstream Partners LP into EQT Midstream Partners, LP and related transactions
  • Tallgrass Energy GP, LP – merger of a subsidiary of Tallgrass Energy GP into Tallgrass Energy Partners, LP
  • 8point3 Energy Partners and SunPower Corporation – merger of 8point3 into a subsidiary of Capital Dynamics
  • Conflicts committee of CNX Midstream Partners – several transactions with CNX Resources
  • Conflicts Committee of Arc Logistics Partners LP – $406.5 million acquisition by Zenith Energy
  • Conflicts Committee of Williams Partners, L.P. – $11.4 billion financial repositioning transaction with The Williams Companies, Inc.
  • Board of Directors of Plains GP Holdings, L.P. – $7.2 billion simplification transaction with Plains All American Pipeline, L.P.
  • Conflicts Committee of Williams Partners L.P. – proposed $13.8 billion acquisition by The Williams Companies, Inc.
  • Conflicts Committee of Kinder Morgan Energy Partners (KMP) and Special Committee of Kinder Morgan Management (KMR) – $70 billion purchase of KMP, KMR and El Paso Pipeline Partners by Kinder Morgan, Inc.
  • Conflicts Committee of Williams Partners, L.P. – $50 billion merger of Williams Partners with Access Midstream Partners, L.P.
  • Conflicts Committee of Williams Partners, L.P. – numerous asset dropdowns from The Williams Companies, Inc., totaling over $15 billion
  • Conflicts Committee of Kinder Morgan Energy Partners – dropdown of Tennessee Gas Pipeline Company and 50% of El Paso Natural Gas from Kinder Morgan Inc. for $6.2 billion
  • Conflicts Committee of Kinder Morgan Energy Partners – dropdown of 50% of El Paso Natural Gas and 50% of El Paso Midstream Investment Company from Kinder Morgan Inc. for $1.7 billion
  • Special Committee of Western Gas Equity Partners – partial financing for the $750 million acquisition by Western Gas Partners of oil and gas gathering pipelines from Anadarko Corporation
  • SunPower Corporation – various dropdowns of assets to 8point3 Energy Partners
  • Westmoreland Coal Company – acquisition of the general partner of Oxford Resource Partners and recapitalization of Oxford Resource Partners
  • Bowie Resources, LLC – acquisition of Canyon Fuel Company, LLC from Arch Coal, Inc.
  • Lazard – financial advisor to Furmanite Corporation in its $335 million merger with Team, Inc.
  • Regency Energy Partners – acquisition by merger of PVR Partners
  • TEPPCO Partners, L.P. – $3.3 billion going private merger with Enterprise Products Partners L.P.

Capital Markets

  • Issuer side IPOs: Sunnova Energy Corporation, Kimbell Royalty Partners, 8point3 Energy Partners, Transocean Partners, Shell Midstream Partners, Tallgrass Energy GP, EQT Midstream Partners, EQT GP Holdings
  • Underwriter side IPOs: Liberty Oilfield Services, BP Midstream Partners LP, Forterra, Inc., Columbia Pipeline Partners, Höegh LNG Partners, Foresight Energy, NextEra Energy Partners, LP (the first "YieldCo" to be structured as an MLP), Cypress Energy Partners, Midcoast Energy Partners, Sprague Resources, Plains GP Holdings, OCI Resources, Western Refining Logistics, World Point Terminals, Summit Midstream Partners, Rose Rock Midstream, Inergy Midstream Partners, Niska Gas Storage Partners, PAA Natural Gas Storage, Chesapeake Midstream Partners, Pioneer Southwest Energy Partners, Quest Energy Partners, Spectra Energy Partners, Cheniere Energy Partners, Duncan Energy Partners, Targa Resources Partners, Universal Compression Partners, Breitburn Energy Partners, Calumet Specialty Products Partners, DCP Midstream Partners, Global Partners, Teekay LNG Partners, Hiland Partners, Copano Energy, Holly Energy Partners, MarkWest Energy Partners, Sunoco Logistics Partners, Natural Resource Partners, Penn Virginia Resource Partners, Inergy, NuStar Energy, Alliance Resource Partners, Plains All American Pipeline and Enterprise Products Partners
  • Underwriter side royalty trust IPOs: Chesapeake Granite Wash Trust, Enduro Royalty Trust, VOC Energy Trust and ECA Marcellus Trust

Awards & Community

Listed by Chambers USA as Band 1 for Capital Markets: Debt & Equity (Central Region/Texas), 2003-2022

Recognized as a “Global Elite Thought Leader” for Capital Markets - Debt & Equity and recommended for Energy and Mining by The International Who's Who of Business Lawyers, Business Research Ltd, 2008-2020

Recognized as a “Texas Super Lawyer” and a “Top Rated Securities & Corporate Finance Attorney”, (Thomson Reuters), 2004-2020

Ammys “Hall of Fame”, Class of 2020 inductee, Alerian

Listed in The Best Lawyers in America, (Woodward/White Inc.), 2006-2020

Recommended as a “Leading Lawyer” for Energy Transactions in The Legal 500 U.S., 2020

Dealmaker of the Week, The American Lawyer, October 31, 2014

News

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Thought Leadership

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The Once and Future MLP

Speeches & Presentations

Panel Presentation at the MLP & Energy Conference, Master Limited Partnership Association

Events

Recent

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2020 Houston Board of Directors Forum

The third annual Houston Board of Directors Forum is a half day event that will address hot topics and critical issues affecting Boards and Corporate Directors in 2020.

MLP Annual Investor Conference

Baker Botts is a sponsor of the Master Limited Partnership Association's (MLPA) 2018 MLP & Energy Infrastructure Conference.