Sarah has a broad corporate practice, representing public and private companies in complex mergers and acquisitions, capital markets and strategic business transactions. She also regularly advises clients on general corporate matters, including corporate governance and securities compliance issues. Sarah's practice is focused on the media, technology and energy sectors.
Related Experience
Mergers and Acquisitions (Including Spin-offs)
- Coterra Energy Inc. (formerly Cabot Oil & Gas Corporation) in its $17 billion all-stock merger transaction involving Cimarex Energy Co.
- Crestwood Equity Partners LP in its $1.8 billion acquisition of Oasis Midstream Partners LP.
- Shell Midstream Partners, L.P. in various dropdown acquisitions and third party asset acquisitions, including its $4 billion asset dropdown and IDR simplification and an $825 million dropdown acquisition.
- Sunnova Energy International, Inc. in its $325 million acquisition of SunStreet, the residential solar platform of Lennar Corporation, and related exclusive strategic partnership arrangement.
- Lime Rock Partners in its sale of GEODynamics, Inc. to Oil States International Inc. for $525 million in cash and stock.
- Halliburton Company in its proposed $35 billion acquisition of Baker Hughes Incorporated.
- Halliburton Company in various acquisitions, including the acquisition of Summit ESP Inc.
- Conflicts Committee of the board of directors of the general partner of Antero Midstream Partners LP in connection with the $1.05 billion drop down of Antero Resources Corporation's integrated water business.
- Sunnova Energy Corporation in acquisitions of distributed generation residential solar assets.
- Conflicts Committee of Kinder Morgan Energy Partners and Special Committee of Kinder Morgan Management in $70 billion purchase of KMP, KMR and El Paso Pipeline Partners by KinderMorgan, Inc.
- Chesapeake Energy Corporation in $3.1 billion spin-off of its oilfield services division, Seventy Seven Energy Inc.
Capital Markets Issuer Representation
- Sunnova Energy International Inc. in its initial public offering, subsequent follow-on common stock offerings and various other financings, including notes offerings, Series A, B and C fundraising rounds and asset and loan-backed securitizations.
- Shell Oil Company in $1.1 billion initial public offering of Shell Midstream Partners, L.P.
- Shell Midstream Partners, L.P. in various follow-on common unit offerings, including $680 million public offering of common units with a concurrent $300 million private placement, a $275 million private placement of common units and a $300 million private placement of common units.
- Summit Midstream Partners, LP in various capital markets offerings, including cash tenders, exchange offers and notes offerings.
- American Midstream Partners, LP in $300 million private placement of senior unsecured notes.
- Chesapeake Energy Corporation in $1.5 billion exchange offers of 8.00% senior secured second lien notes due 2022 in exchange for certain outstanding senior unsecured notes.
- Linn Energy, LLC in privately-negotiated exchanges of $2 billion outstanding senior unsecured notes for $1 billion of newly issued senior secured second lien notes.
- Carrizo Oil & Gas, Inc. in $650 million public offering of senior notes and concurrent tender offer/redemption of senior notes.
- Enable Midstream Partners, LP in $575 million initial public offering.
- Parker Drilling Company in $360 million private placement of senior notes and concurrent tender offer.
Capital Markets Underwriter Representation
- Rowan Companies plc $500 million public offering of senior notes and $750 million debt tender offer.
- Athlon Energy Inc. $570 million public offering of common stock.
- Athlon Energy Inc. $559 million public offering of common stock.
Other Matters
- Atwood Oceanics, Inc. refinancing of $1.55 billion senior revolving credit facility secured by offshore drilling rigs.
- Debtors' counsel to Global Geophysical Services, Inc. in chapter 11 cases.
Public Company Corporate Counsel
- Corporate counsel to Sunnova Energy International Inc., Shell Midstream Partners, L.P. and Summit Midstream Partners, LP - Exchange Act reporting; NYSE matters; board matters; corporate governance; Reg FD issues; Section 16 compliance.
Awards & Community
Recognized as a Texas Super Lawyer-Rising Star (Thomson Reuters), 2020 & 2021
Recognized as a "Rising Star" by The Legal 500 U.S., 2019
News
Baker Botts Advises Summit Midstream Partners in Exchange Offer for Series A Preferred Units
3 Firms Rep Crestwood's $1.8B Midstream Energy Biz Buy
Law360Law360
Crestwood Buys Oasis Midstream in $1.8B Deal
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents Crestwood in Acquisition of Oasis Midstream Partners in $1.8 Billion Transaction
Baker Botts Represents Summit Midstream Partners, LP in $700 Million Private Offering of Senior Secured Second Lien Notes
Super Lawyers Selects 19 Baker Botts Attorneys To 2021 "Texas Rising Stars" List
Baker Botts Represents Sunnova Energy International Inc. in Acquisition of SunStreet - Lennar's Solar Platform for Homebuilders
CDT Roundup: 15 Deals, 9 Firms, 113 Lawyers, $4.3B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents Sunnova Energy International Inc. in Securitization of Residential Solar Systems
Sunnova Energy International Inc.'s Shares Offering
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Sunnova Energy International Inc. in Offering of Common Stock
CDT Roundup: 14 Deals, 10 Firms, 157 Lawyers, $864.1M
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Advises Summit Midstream Partners in Cash Tender Offer for Outstanding Series A Preferred Units
CDT Roundup: 11 Deals, 9 Firms, 94 Lawyers, $2.53B
Texas Lawbook, TheTexas Lawbook, The
Summit Midstream Partners' Cash Tender Offer
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Advises Summit Midstream Partners in Cash Tender Offers for Outstanding Senior Notes
Sunnova Energy International Inc.'s Secondary Common Stock Offering
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Sunnova Energy International Inc. in its Secondary Offering of Common Stock
Sunnova Energy International Inc.'s Securitization of Residential Solar Loan Agreements
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Sunnova Energy International Inc. in Securitization of Residential Solar Loan Agreements
CDT Roundup: Eight Deals, Eight Firms, 54 Lawyers, $742.4M
Texas Lawbook, TheTexas Lawbook, The
Sunnova Energy International Inc's Notes Facility and Exchange of Existing Convertible Senior Notes
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Sunnova Energy International Inc. in Notes Facility and Exchange of Existing Convertible Senior Notes
CDT Roundup: 18 Deals, 16 Firms, 124 Lawyers, $5.63B
Texas Lawbook, TheTexas Lawbook, The
Summit Midstream Partners, LP's Acquisition of Summit Midstream Partners, LLC
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Summit Midstream Partners, LP in Acquisition of Summit Midstream Partners, LLC, the Owner of Its General Partner, in Transformational Simplification Transaction
Super Lawyers Selects 27 Baker Botts Attorneys To 2020 “Texas Rising Stars” List
CDT Roundup: 13 Deals, 13 Firms, 128 Lawyers, $15.26B
Texas Lawbook, TheTexas Lawbook, The
Latham, Baker Botts Steer Shell Midstream Deals Worth $3.8B
Law360Law360
Summit Midstream Partners, LP's $80 Million Preferred Equity Financing – Global Legal Chronicle
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Summit Midstream Partners, LP in Preferred Equity Financing for its Double E Joint Venture
Baker Botts Represents Sunnova Energy International Inc. in its $168 Million Initial Public Offering of Common Stock
Baker Botts Ranks as “Top-Tier Firm” in Oil and Gas Transactions and Litigation for Ninth Straight Year in The Legal 500 United States
Baker Botts Represents Sunnova Energy Corporation in a $100,000,000 Equity Financing Investment with Quantum Strategic Partners
Corp. Deal Tracker Weekly Round-Up: Texas lawyers part of pre-holiday rush with 16 firms and 164 attorneys working on 15 Transactions worth $13.8B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents Lime Rock Partners/GEODynamics in Acquisition of GEODynamics by Oil States International
Baker Botts Represents Summit Midstream Partners, LP in $300 Million Preferred Offering
Corp. Deal Tracker Weekly Round Up: Midstream M&A, IPO’s Highlight Week, Along With Chevron, Nabors Deals
Texas LawbookTexas Lawbook
Shell Midstream Partners, L.P. Announces $275 Million in Common Unit Sales
Baker Botts, Locke Lord Advise on $450M Quanta-Stronghold Deal
Texas LawbookTexas Lawbook
Baker Botts Represents Quanta Services Inc. in Acquisition of Stronghold, Ltd. and Stronghold Specialty, Ltd. (Stronghold)
Baker Botts Secures $615M in Funding for Sunnova
Texas LawbookTexas Lawbook
Baker Botts Represents Sunnova Energy Corporation in Solar Asset-Backed Notes and Warehouse Credit Facilities
DCP Midstream Partners simplifying structure to cut costs
The Deal PipelineThe Deal Pipeline
DCP Midstream Partners Nabs Phillips, Spectra JV's Assets
Law360Law360
Baker Botts Represents Evercore as Financial Advisors to the Conflicts Committee of the Board of Directors of DCP Midstream GP, LLC in Combination of DCP Midstream, LLC and DCP Midstream Partners, LP
Baker Botts Advises in $300M Solar Power Investment
The Texas LawbookThe Texas Lawbook
Baker Botts Represents Sunnova Energy Corporation in $300,000,000 Equity Investment from Energy Capital Partners
Baker Botts Represents Linn Energy, LLC in Senior Notes Exchange Agreements
V&E, Baker Botts and Latham Advise in $1 Billion Dropdown Deal
The Texas LawbookThe Texas Lawbook
Antero Takes $1.05B To Drop Down Water Biz To MLP
law360.comlaw360.com
Baker Botts Advises Conflicts Committee of Antero Midstream Partners LP in Acquisition of Antero Resources Corporation’s Water Business
Baker Botts Represents Evercore, as Financial Advisor, in Western Gas Partners’ Acquisition of a 50% interest in Delaware Basin JV Gathering System
Halliburton, Baker Hughes to combine in $35B deal
The Deal PipelineThe Deal Pipeline
Thought Leadership
SEC Proposes Significant Changes to the Rules Governing Beneficial Ownership Reporting (Schedules 13D and 13G)
Client UpdatesSEC Update
SEC Adopts New Final Rules on Disclosure of Governmental Payments by Certain Oil, Natural Gas and Mining Companies
Client UpdatesCorporate Update
Congress Passes $2 Trillion Stimulus Bill in Response to Coronavirus Pandemic
Client UpdatesCoronavirus Crisis Response Update
Lessons in Data Protection And Cybersecurity in M&A
External ArticlePratt's Privacy & Cybersecurity Law Report, Vol. 5, No. 3.
SEC Proposes Testing the Waters Communications for All Issuers
Client UpdatesCorporate Update
2018 A Year in Review: Lessons in Data Protection and Cybersecurity in M&A
Client UpdatesCorporate Update
SEC Adopts Simplified Disclosure Requirements
Client UpdatesCorporate Update