"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
News
Baker Botts Represents CenterPoint Energy Houston Electric, LLC in $400 Million General Mortgage Bond Offering
Baker Botts’ Individual Rankings Increase by 39% in Chambers Global 2024
CenterPoint Energy, Inc.’s $500 Million ATM Program
Global Legal ChronicleGlobal Legal Chronicle
CDT: 2024 Capital Markets Transactions
The Texas LawbookThe Texas Lawbook
CDT Roundup: 17 Deals, 12 Firms, 256 Lawyers, $33.6B
The Texas LawbookThe Texas Lawbook
Baker Botts Represents CenterPoint Energy, Inc. in Establishment of “At-the-Market” Program
Summit Midstream’s 2025 Unsecured Notes Refinancing
Global Legal ChronicleGlobal Legal Chronicle
CDT Roundup: 26 Deals, 17 Firms, 244 Lawyers, $14.6B
The Texas LawbookThe Texas Lawbook
Baker Botts Represents CVR Energy, Inc. in Private Placement of $600 Million of Senior Notes
Baker Botts Represents Summit Midstream Partners, LP on the Refinancing of its 2025 Unsecured Notes
CDT Roundup: 23 Deals, 17 Firms, 230 Lawyers, $6.4B
The Texas LawbookThe Texas Lawbook
Texas M&A Lawyers Ranked by Value
The Texas LawbookThe Texas Lawbook
CenterPoint Energy Houston Electric’s $500 Million General Mortgage Bond Offering
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents CenterPoint Energy Houston Electric, LLC in $500 Million General Mortgage Bond Offering
Apollo’s Acquisition of Composite Advanced Technologies
Global Legal ChronicleGlobal Legal Chronicle
CDT Roundup: 17 Deals, 13 Firm, 202 Lawyers, $12.2B
The Texas LawbookThe Texas Lawbook
CenterPoint Energy, Inc.’s $400 Million Senior Notes Offering
Global Legal ChronicleGlobal Legal Chronicle
Apollo Taps Renewable Gas Logistics Platform
The DealThe Deal
Baker Botts Advises Composite Advanced Technologies, Inc in its Acquisition by Apollo
CDT Roundup: 19 Deals, 13 Firms, 184 Lawyers, $9.7B
The Texas LawbookThe Texas Lawbook
Baker Botts Represents CenterPoint Energy, Inc. in $400 Million Offering of Senior Notes
Baker Botts Represents CenterPoint Energy, Inc. in $1 Billion Convertible Senior Notes Offering
CDT: 2023 Capital Markets Transactions
The Texas LawbookThe Texas Lawbook
Seadrill’s Notes Offering and Revolving Credit Facility
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Advises WM in $2 Billion Senior Notes Offering
Baker Botts Represents Seadrill Limited in Senior Secured Second Lien Notes Offering and New First Lien Revolving Credit Facility
CDT Roundup: 16 Deals, 12 Firms, 172 Lawyers, $5.4B
The Texas LawbookThe Texas Lawbook
SIGECO’s $341 Million Bonds Offering
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Southern Indiana Gas and Electric Company in $341.45 Million Offering of Securitization Bonds
Baker Botts Represents Regional Health Properties in Exchange Offer
Two Baker Botts Partners Featured in BTI Client Service All-Stars 2023
Baker Botts’ Band 1 Practice Rankings Increase by 27% in Chambers USA 2023
CenterPoint Energy Resources Corp.’s $300 Million Senior Notes Reopener Offering
Global Legal ChronicleGlobal Legal Chronicle
CDT Roundup: 20 Deals, 17 Firms, 195 Lawyers, $3.3B
The Texas LawbookThe Texas Lawbook
Baker Botts Represents CenterPoint Energy Resources Corp. in $300 Million Senior Notes Reopener Offering
CDT Roundup: 15 Deals, 10 Firms, 141 Lawyers, $8.8B
The Texas LawbookThe Texas Lawbook
Baker Botts Represents CenterPoint Energy Houston Electric, LLC in $900 Million General Mortgage Bond Offering, Including Inaugural Green Bond Tranche Supporting CenterPoint Energy, Inc.'s Net-Zero Emissions Goals
CDT Roundup: 7 Deals, 7 Firms, 78 Lawyers, $14B
The Texas LawbookThe Texas Lawbook
Par Pacific Holdings’ $550 Million Term Loan Facility and Tender Offer for Existing Secured Notes
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Par Pacific Holdings, Inc. in $550 Million Term Loan Facility and Tender Offer for Existing Secured Notes
Baker Botts Represents CenterPoint Energy Resources Corp. in $1.2 Billion Offering of Senior Notes
CDT Roundup: 16 Deals, 12 Firms, 137 Lawyers, $12.1B - The Texas Lawbook
The Texas LawbookThe Texas Lawbook
Baker Botts Advises WM in $1.25 Billion Senior Notes Offering
CDT Roundup: 16 Deals, 11 Firms, 113 Lawyers, $3.3B
The Texas LawbookThe Texas Lawbook
Aquadrill’s $958 Million Merger with Seadrill
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Represents Seadrill Limited in its Acquisition of Aquadrill LLC
CDT Roundup: 13 Deals, 9 Firms, 81 Lawyers, $14.8B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents J.P. Morgan in EnerVest’s Block trade of Class A Common Stock of Magnolia Oil & Gas
Summit Midstream Partners' Synergistic and Accretive Bolt-on Acquisitions in the DJ Basin
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Advises Summit Midstream Partners LP on Obtaining Commitment Letters for the Financing of Bolt-On Acquisitions in the DJ Basin
What Biden and Oil Producers Can Actually Do to Lower Pump Prices
Hart EnergyHart Energy
Cleco Power’s $425 Million Offering of Utility Securitization Bonds
Global Legal ChronicleGlobal Legal Chronicle
CDT Roundup: 15 Deals, 13 Firms, 146 Lawyers, $6.1B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents Cleco Power LLC in $425 Million Offering of Utility Securitization Bonds
CenterPoint Energy Resources Corp.’s $500 Million Offering of Senior Notes
Global Legal ChronicleGlobal Legal Chronicle
CDT Roundup: 17 Deals, 12 Firms, 123 Lawyers, $7.6B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents CenterPoint Energy Resources Corp. in $500 Million Offering of Senior Notes
Baker Botts Represents Morgan Stanley in EnerVest’s Block Trade of Class A Common Stock of Magnolia Oil & Gas
Seneca Resources Exits California in Deal for Cash, Fewer Emissions
Oil and Gas InvestorOil and Gas Investor
CDT Roundup: 16 Deals, 16 Firms, 157 Lawyers, $2.3B
Texas Lawbook, TheTexas Lawbook, The
Waste Management’s $1 Billion Senior Notes Offering
Global Legal ChronicleGlobal Legal Chronicle
Baker Botts Advises Waste Management in $1 Billion Senior Notes Offering
CDT Roundup: 18 Deals; 11 Firms; 239 Lawyers; $12B
Texas Lawbook, TheTexas Lawbook, The
CDT Roundup: 17 Deals, 13 Firms, 137 Lawyers, $6.8B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts represents Citigroup in EnerVest’s Block trade of Class A Common Stock of Magnolia Oil and Gas
Baker Botts Represents Tudor Pickering in Whiting Petroleum’s $6 Billion Merger with Oasis Petroleum
Baker Botts Represents CenterPoint Energy Houston Electric, LLC in $800 Million General Mortgage Bond Offering
CDT Roundup: 22 Deals; 17 Firms; 174 Lawyers; $22.2B
Texas LawbookTexas Lawbook
M&A Oil & Gas Experts Expect More Deals Despite Rising Oil Prices
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents Evercore in Zurn Water Solutions’ Combination with Elkay Manufacturing Company
Green push to spotlight ESG metrics in US shale deals
Argus FundamentalsArgus Fundamentals
The Top 10 M&A Deals of 2021
Texas LawbookTexas Lawbook
Q&A: Baker Botts upbeat on M&A amid 'elevated' prices
Argus MediaArgus Media
Baker Botts Advises Summit Midstream Partners in Exchange Offer for Series A Preferred Units
Energy M&A Roared Back To Life In 2021
Law360Law360
Baker Botts Represents Summit Midstream Partners, LP in $700 Million Private Offering of Senior Secured Second Lien Notes
Cabot Oil & Gas's Merger With Cimarex Energy Cabot Oil & Gas's Merger With Cimarex Energy
Global Legal ChronicleGlobal Legal Chronicle
Deal Diary: Wachtell, Baker Botts, TPH, JPM Work Cimarex-Cabot
The DealThe Deal
Baker Botts Advises Cabot Oil & Gas in $17 Billion Merger with Cimarex
Baker Botts, Wachtell Advise on $17B Cabot-Cimarex Merger
Texas Lawbook, TheTexas Lawbook, The
Baker Botts, Wachtell Lead $17B Merger Of Oil & Gas Cos.
Law360Law360
CDT Roundup: 17 Deals, 12 Firms, 216 Lawyers, $10B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents CenterPoint Energy, Inc. in $1.7 Billion Senior Notes Offering
CDT Roundup: 21 Deals, 16 Firms, 125 Lawyers, $7.2B
Texas Lawbook, TheTexas Lawbook, The
Waste Management's $950 Million Senior Notes Offering
Global Legal ChronicleGlobal Legal Chronicle
Summit Utilities Acquires Arkansas, Oklahoma Assets from CenterPoint Energy
Texas Lawbook, TheTexas Lawbook, The
Deal Diary: CenterPoint Turns to Baker Botts on Asset Sale
The DealThe Deal
Morgan Lewis, Baker Botts Drive $2.15B Gas Systems Deal
Law360Law360
Baker Botts Advises Waste Management in $950 Million Senior Notes Offering and Concurrent Cash Tender Offer
Baker Botts Advises CenterPoint Energy in $2.15 Billion Sale of Arkansas and Oklahoma Natural Gas LDC Businesses to Summit Utilities
CDT Roundup: 15 Deals, 9 Firms, 109 Lawyers, $3.2B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Advises Summit Midstream Partners in Exchange Offer for Series A Preferred Units
CDT Roundup: 9 Deals, 9 Firms, 151 Lawyers, $8.8B
Texas Lawbook, TheTexas Lawbook, The
Energy Transfer to Acquire Enable Midstream in $7.2B Deal; Latham, V&E Advise
Texas Lawbook, TheTexas Lawbook, The
US Natural Gas Cos Combine In $7.2B Deal Built By 5 Firms
Law360Law360
Deal Diary: Energy Transfer Taps Latham on Enable
The DealThe Deal
Baker Botts Represents Tudor, Pickering, Holt & Co. as Financial Advisor to HighPoint Resources in Merger with Bonanza Creek
CDT Roundup: 18 Deals, 16 Firms, 124 Lawyers, $5.63B
Texas Lawbook, TheTexas Lawbook, The
Baker Botts Represents CenterPoint Energy in 1.4 Billion Equity Investment
4 Firms Steer $1.4B Equity Injection For CenterPoint Energy
Law360Law360
CenterPoint Infused With Capital From Elliott, Investors
Activist Daily - The DealActivist Daily - The Deal
Thought Leadership
SEC Updates Guidance on Non-GAAP Financial Measures
Client UpdatesCorporate Update
Q&A Overview of Final Pay Versus Performance Disclosure Rules
Client UpdatesTax Update
SEC Proposes Rules Mandating Disclosure of Material Cybersecurity Incidents
External ArticleSEC Proposes Rules Mandating Disclosure of Material Cybersecurity Incidents
Client UpdatesSEC Proposes Amendments Rolling Back 2020 Rules Governing Proxy Voting Advice
Client UpdatesCorporate Update
Oklahoma Public Company School
Speeches & PresentationsActing SEC Chair Issues Statement on Commission's Approach Toward Climate-Related Disclosure
Client UpdatesCorporate Update
What to Say About COVID-19 in Your Earnings Releases and Investor Calls
Client UpdatesCorporate Update
SEC Issues Guidance for Key Performance Indicators and Metrics in MD&A
Client UpdatesCorporate Update
SEC Proposes Significant Changes to Disclosure Requirements for MD&A
Client UpdatesCorporate Update
A Seat at the (Round)table
Video2020 Houston Board of Directors Forum
Events
Recent
Infocast CCS/Decarbonization Project Development, Finance & Investment Summit and RNG & SAF Capital Markets Summit
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.