Clint Rancher

Partner

[email protected]

Houston

P: +1.713.229.1820
F: +1.713.229.2820
Clint Rancher

"Clint Rancher stands out for his track record in M&A and corporate governance matters within the energy sector."

The Legal 500 U.S. 2023

Clint Rancher represents public and private businesses in a broad range of corporate and securities matters. He represents clients in IPOs, public offerings and private placements of equity and debt securities, liability management transactions, mergers and acquisitions and general corporate concerns, including Exchange Act reporting and corporate governance. He has substantial experience representing upstream, midstream and oilfield services companies in the energy industry.

In 2023, Mr. Rancher was recognized for his legal work and for his dedication to clients. The Legal 500 U.S. included him in its rankings for U.S. M&A: large deals ($1bn+), Chambers USA listed him in the Energy: Oil & Gas Transactional category, and BTI named him a "Client Service All-Star." Prior to joining Baker Botts, Mr. Rancher worked in the assurance practice of PricewaterhouseCoopers L.L.P.

Related Experience

Mergers and Acquisitions

  • Cabot Oil & Gas Corporation-$17 billion merger of equals with Cimarex Energy Co. to form Coterra Energy Inc.
  • CenterPoint Energy, Inc.-formation of midstream joint venture with OGE Energy Corp. and ArcLight Capital Partners with assets over $11 billion
  • Schlumberger Limited-$11 billion acquisition of Smith International, Inc.
  • CenterPoint Energy, Inc.-$7.2 billion acquisition of Enable Midstream Partners, LP by Energy Transfer LP
  • Encore Acquisition Company-$4.5 billion acquisition for cash and stock by Denbury Resources Inc.
  • Chesapeake Energy Corporation-$4 billion acquisition of WildHorse Resource Development Corporation
  • John Wood Group PLC-$2.8 billion sale of well support division
  • CenterPoint Energy, Inc.-$2.15 billion sale of Arkansas and Oklahoma natural gas LDC businesses
  • John Wood Group PLC-formation of joint venture with Siemens AG with assets over $1 billion
  • Seadrill Limited-$960 million acquisition of Aquadrill LLC
  • John Wood Group PLC-$300 million aggregate acquisitions
  • Petroleum Geo-Services ASA-$210 million sale of onshore seismic business to Geokinetics Inc.
  • Patterson-UTI Energy, Inc.-multiple acquisitions of pressure pumping assets

Capital Markets-Issuer Representation

  • CenterPoint Energy, Inc.-$4.9 billion aggregate public offerings of senior notes; $1.9 billion public offering of common stock; $978 million public offering of depositary shares representing a 1/20 interest in a share of its mandatory convertible preferred stock; $800 million public offering of fixed-to-floating rate preferred stock
  • CenterPoint Energy Houston Electric, LLC-$47.0 billion aggregate public offerings of general mortgage bonds; $300 million public offering of green mortgage bonds
  • CenterPoint Energy Resources Corp. - $4.1 billion aggregate public offerings of senior notes; $1.0 billion public offering of floating rate senior notes
  • Chesapeake Energy Corporation-over $5 billion aggregate public and private offerings of securities
  • Waste Management, Inc.-$3.2 billion aggregate public offerings of senior notes
  • Kimbell Royalty Partners, LP-$90 million initial public offering; $110 million private placement of preferred units
  • Enable Midstream Partners, LP-$575 million initial public offering; $360 million private placement of preferred units; $700 million public offering of senior notes
  • Transocean Ltd.-$2 billion public offering of senior notes
  • Issuer-$375 million Rule 144A offering of senior notes of a natural gas pipeline company with operations in Alabama, Louisiana and Mississippi

Capital Markets-Underwriter Representation

  • Midstates Petroleum Company, Inc.-$300 million initial public offering of common stock
  • Rose Rock Midstream, L.P.-$140 million initial public offering of common units
  • Targa Resources Corp.-$360 million initial public offering of common stock
  • Targa Resources Partners LP-$800 million aggregate public offerings of common units
  • Spectra Energy Capital, LLC-$300 million public offering of senior notes
  • Spectra Energy Corp-$400 million public offering of common stock
  • Azure Midstream Partners, LP-$50 million public offering of common units
  • $300 million Rule 144A offering of senior notes of a natural gas pipeline company with operations in Alabama, Florida and Mississippi

Liability Management Representations

  • CenterPoint Energy, Inc.-exchange offer for senior notes
  • Chesapeake Energy Corporation-ten transactions, including tender offers, exchange offers and up-tier exchanges
  • Par Pacific Holdings, Inc.-tender offer for senior notes
  • Summit Midstream Partners, LP-Series A Preferred Unit exchange offer
  • Waste Management, Inc.-tender offer for senior notes

Public Company Counsel Representations

  • CenterPoint Energy, Inc., Chesapeake Energy Corporation, Coterra Energy Inc., CVR Energy, Inc., Dril-Quip, Inc., Enable Midstream Partners, LP, Gulfport Energy Corporation, Murphy Oil Corporation, Noble Corporation, Seadrill Limited, Summit Midstream Partners, LP

Awards & Community

U.S. M&A: large deals ($1bn+), The Legal 500 U.S., 2023

"Up & Coming" for Energy: Oil & Gas (Transactional), Chambers USA, 2023

BTI "Client Service All-Star," 2023

Texas Super Lawyer-Rising Star, Thomson Reuters, 2014-2018

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2021 Oklahoma Public Company School

Let us help you train your in-house professionals! Baker Botts is hosting the 2021 Virtual Oklahoma Public Company School on Tuesday, October 12 at 9:00 a.m. - 12:00 p.m. CT. This school is for executives, environmental professionals and in-house legal counsel.

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.