Andrew Schulte

Special Counsel

[email protected]

Houston

P: +1.713.229.1193
F: +1.713.229.7793
Andrew Schulte Baker Botts Houston

Andrew's principal area of practice is corporate finance and securities law, including securities offerings, private equity, mergers and acquisitions, and general corporate representation.

His capital markets experience includes representation of both issuers and underwriters in initial public offerings, as well as public and private offerings of equity and debt securities. He also works with private equity investors, their portfolio companies and a variety of other public and private companies in connection with mergers, acquisitions, dispositions and strategic investments. Andrew has particular experience with publicly traded master limited partnerships, exploration and production companies, midstream companies and oilfield services companies.

Related Experience

  • Switchback II Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.3 billion business combination with Bird Rides, a leader in shared short range environmentally friendly electric transportation
  • Tortoise Acquisition Corp. II, a SPAC sponsored by an affiliate of Tortoise Investments, LLC, in its $1.4 billion business combination with Volta Industries, an industry leader in commerce-centric electric vehicle charging networks
  • Switchback Energy Acquisition Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.4 billion business combination with ChargePoint, a leading electric vehicle charging network
  • Spartan Energy Acquisition Corp., a SPAC sponsored by an affiliate of Apollo Global Management, in its $1.75 billion business combination with Fisker Inc., a developer of eco-friendly electric vehicles
  • Tortoise Acquisition Corp., a SPAC sponsored by an affiliate of Tortoise Investments, LLC, in the $1 billion business combination with Hyliion Inc., a developer and manufacturer of electrified powertrain solutions for Class 8 commercial vehicles that significantly reduce emissions
  • Black Mountain Acquisition Corp., a SPAC, in its $276 million initial public offering of units
  • Banner Acquisition Corp., a SPAC, in its $156 million initial public offering of units
  • TortoiseEcofin Acquisition Corp. III, a SPAC, in its $345 million initial public offering of units
  • Tortoise Acquisition Corp., a SPAC, in its $233 million initial public offering of units
  • Roan Resources in its $1 billion sale to Citizen Energy Operating, LLC, an affiliate of Warburg Pincus
  • Oasis Midstream Partners LP in its $147 million initial public offering of common units
  • Sunoco Logistics Partners LP in its $20 billion merger with Energy Transfer Partners in a unit-for-unit transaction

IPOs & Equity Offerings

  • Atlas Energy Solutions Inc. in its $324 million initial public offering of Class A common stock
  • Black Mountain Acquisition Corp., a SPAC, in its $276 million initial public offering of units
  • Banner Acquisition Corp., a SPAC, in its $156 million initial public offering of units
  • TortoiseEcofin Acquisition Corp. III, a SPAC, in its $345 million initial public offering of units
  • Tortoise Acquisition Corp. II, a SPAC, in its $345 million initial public offering of units
  • Tortoise Acquisition Corp., a SPAC, in its $233 million initial public offering of units
  • Oasis Midstream Partners LP in its $147 million initial public offering of common units
  • Underwriters to PennTex Midstream Partners, LP in its $238 million initial public offering of common units
  • Merchant Banking Division of The Goldman Sachs Group in the acquisition of 300,000 shares of the 12% Redeemable Preferred Stock of McDermott
  • Oasis Petroleum Inc. in its $306 million public offering of common stock
  • Oasis Midstream Partners LP in its $46 million public offering of common units

Mergers & Acquisitions

  • Switchback II Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.3 billion business combination with Bird Rides, a leader in shared short range environmentally friendly electric transportation
  • Oasis Petroleum in the simplification of Oasis Midstream Partners and drop-down of Bobcat DevCo and Beartooth DevCo
  • Tortoise Acquisition Corp. II, a SPAC sponsored by an affiliate of Tortoise Investments, LLC, in its $1.4 billion business combination with Volta Industries, an industry leader in commerce-centric electric vehicle charging networks
  • Switchback Energy Acquisition Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.4 billion business combination with ChargePoint, a leading electric vehicle charging network
  • Spartan Energy Acquisition Corp., a SPAC sponsored by an affiliate of Apollo Global Management, in its $1.75 billion business combination with Fisker Inc., a developer of eco-friendly electric vehicles
  • Tortoise Acquisition Corp., a SPAC sponsored by an affiliate of Tortoise Investments, LLC, in the $1 billion business combination with Hyliion Inc., a developer and manufacturer of electrified powertrain solutions for Class 8 commercial vehicles that significantly reduce emissions
  • Roan Resources in its $1 billion sale to Citizen Energy Operating, LLC, an affiliate of Warburg Pincus
  • Sunoco Logistics Partners LP in its $20 billion merger with Energy Transfer Partners in a unit-for-unit transaction
  • EnCap Investments in the 100% equity sale valued at approximately $151.3 million of certain oil and gas royalty assets to Kimbell Royalty Partners
  • Oasis Midstream Partners in its $250 million acquisition of additional interests in Bobcat DevCo and Beartooth DevCo from Oasis Petroleum

High-Yield & Other Debt Offerings

  • Initial purchasers in the $700 million offering of senior notes by Nabors Industries, Inc.
  • A midstream oil & gas company in its $600 million offering of senior notes and its $200 million tack-on offering of senior notes
  • Underwriters to Hilcorp Energy I, L.P. in its $1.2 billion offering of senior notes
  • Oasis Petroleum Inc. in its $400 million offering of senior notes as part of the committed financing package to fund the acquisition of select Williston Basin assets from QEP Energy Company, a wholly owned subsidiary of Diamondback Energy, Inc.
  • Oasis Midstream Partners LP in its $450 million offering of senior notes
  • Group 1 Automotive, Inc. in its $550 million offering of senior notes
  • Underwriters to CNX Resources Corporation in its $300 million offering of convertible senior notes
  • Underwriters to CNX Resources Corporation in its $200 million offering of senior notes
  • Oasis Petroleum Inc. in its $400 million offering of senior notes
  • Gastar Exploration Inc. in its $125 million offering of convertible notes
  • SandRidge Energy, Inc. in its $1.25 billion offering of senior secured notes

Corporate Governance

  • Routinely advises multiple publicly traded corporations on 1933 Act and 1934 Act compliance, listing exchange requirements, corporate governance, and board of directors matters

Awards & Community

Recognized as a Texas Super Lawyer-Rising Star (Thomson Reuters), 2023

News

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