David C. Buck
Partner
David has an extensive corporate and securities law practice emphasizing transactional and governance matters. His corporate finance practice includes representing both issuers and investment banks in initial public offerings and other public and private equity and debt offerings. He also advises companies, special committees and financial advisors concerning merger and acquisition transactions (both public and private). In addition, David regularly counsels public clients regarding compliance with periodic reporting, proxy solicitation, corporate governance matters and other requirements of the federal securities laws, the New York Stock Exchange, the NASDAQ Stock Market and other exchange rules. He also has experience representing buyers and issuers in connection with equity derivative securities.
David has particular experience with domestic and international energy (including oil and gas exploration & production (E&P), midstream, offshore drilling, seismic and other energy services, and oilfield equipment manufacturing and supply businesses), maritime transportation, aviation and death care industries.
Representative Experience
- Representation of issuers and underwriters in more than thirteen completed initial public offerings and numerous other public equity financings, including master limited partnerships (MLPs)
- Representation of issuers and initial purchasers in numerous 144A debt offerings
Recent M&A Experience
- Representation of acquirer in $5.6 billion merger with TEPPCO Partners, L.P. (2009)
- Representation of midstream MLP in connection with $730 million asset dropdown transaction (2008)
- Representation of acquirer in $7.3 billion merger with Grant Prideco Inc. (2007-2008)
- Representation of midstream MLP in $1.1 billion acquisition of the general partner of, and limited partner interests of, TEPPCO Partners, L.P. (2007)
- Representation of midstream MLP in $1.65 billion acquisition of limited partner interests of Energy Transfer Equity L.P. and a 34.9% membership interest in its general partner (2007)
- Representation of well servicing company in $117 million acquisition of JetStar Energy Services, a pressure pumping service company (2007)
- Representation of acquirer in $500 million acquisition of Calumet Oil Company and affiliated entities (2006)
- Representation of acquirer in acquisition of midstream gathering assets and related private equity financing (2009)
- Representation of Norwegian buyer in $100 million acquisition and financing of a floating, production, storage and offloading (FPSO) vessel and related business
Recent Capital Markets Experience
- Representation of underwriter in $102 million common stock offering by Encore Acquisition Company (2009)
- Representation of underwriters in $56 million common unit offering by K-Sea Transportation Partners L.P. (2009)
- Representation of well servicing company in $225 million 144A senior secured notes offering (2009)
- Representation of underwriters in $154 million of common unit offerings by Encore Energy Partners L.P. (2009)
- Representation of midstream MLP in $213 million common unit offering and in $500 million senior notes offering (2009)
- Representation of midstream MLP in $700 million registered senior notes offering (2008)
- Representation of underwriters in $138 million and $50 million public offerings of common units by K-Sea Transportation Partners L.P. (2007 and 2008)
- Representation of underwriters in $189 million initial public offering of common units by Encore Energy Partners L.P. (2007)
- Representation of midstream MLP in $750 million PIPE offering (2007)
- Representation of midstream MLP in connection with $413 million secondary offering (2007)
- Representation of midstream MLP in $273 million initial public offering (2007)
- Representation of E&P company in $102 million private placement (2006)
- Representation of placement agent in $65 million PIPE for Gran Tierra Energy, Inc. (2006)
- Representation of underwriters in $196 million and $232 million equity offerings by TEPPCO Partners, L.P. (2006 and 2008)
- Representation of coalbed methane E&P company in $130 million 144A equity private placement (2006) and follow-on IPO (2007)
- Representation of a midstream MLP in a $440 million public offering (2006)
- Representation of general partners and investors in forming and structuring partnerships and private equity investments in start-up companies
- Representation of general partner in financing and formation of oil and gas limited partnerships
- Representation of well servicing company in private equity financings and acquisitions (2001-present)
- Representation of trustees of four publicly traded royalty trusts on periodic reporting and related matters (1994-present)
Publications
- "Property in the Fifth Amendment: A Quest for Common Ground in the Maze of Regulatory Takings" Vanderbilt Law Review (October 1994)
Events
- 2010 Trends in Annual Disclosures (January 13, 2010)
- "The Credit Crisis: What You and Your Board Should Know" (January 2009)
- "Buyers' and Sellers' Perspectives on Current Oil and Gas Acquisition and Divestiture Deals" (Platts Oil and Gas Conference) (November 2008)
- "New Developments in Securities Law - Mergers & Acquisitions Trends and Developments" (December 2005)
Professional Recognition
- Profiled as one of the leading Corporate/M&A lawyers in Texas, Chambers USA: America's Leading Business Lawyers (2009)
- The Best Lawyers in America, Corporate Law (2007-2010)
- Texas Super Lawyer Securities and Corporate Finance Law, Texas Monthly (2007-2009)
- Texas Rising Star, Texas Monthly (2004-2006)
