Baker Botts Represents Cabot Oil & Gas in $925 Million Private Placement

On September 24, 2014, Cabot Oil & Gas Corporation (NYSE: COG) announced the closing of a $925 million private placement of senior unsecured notes to a group of institutional investors. In total, Cabot raised $925 million through the following three series of notes: $100 million of 7-year 3.24% notes due 2021, $575 million of 10-year 3.67% notes due 2024 and $250 million of 12-year 3.77% notes due 2026. Proceeds from the offering will be used to repay Cabot’s outstanding borrowings under its credit facility, fund its Eagle Ford Shale acquisition and for other general corporate purposes.

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Baker Botts Represents Kinder Morgan Energy Partners (KMP) and Kinder Morgan Management (KMR) in $70 Billion Purchase of KMP, KMR and El Paso Pipeline Partners (EPB) by Kinder Morgan, Inc. (KMI)

Earlier today, Kinder Morgan, Inc. (NYSE: KMI) announced its intention to acquire by merger of all of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE:EPB), all of which are controlled by KMI.  The proposed mergers, the consideration of which is valued at approximately $70 billion in the aggregate, collectively represent the largest energy M&A transaction since the merger of Exxon and Mobil.  The combined entity will be the largest energy infrastructure company in North America and the third largest energy company overall with an estimated enterprise value of approximately $140 billion.

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Akin Gump Advises Newfield Exploration in $588 Million Sale of Granite Wash Assets

Akin Gump advised Newfield Exploration Company in a deal announced July 29, in which the company signed a $588 million purchase and sale agreement for its Granite Wash assets to Oklahoma City-based Templar Energy LLC (operating through Le Norman Operating LLC). The sale will have an effective date of July 1, 2014, and is expected to close in the third quarter of 2014.

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Hogan Lovells Advises JX Nippon Oil & Gas Exploration Corporation in Joint Venture with NRG Energy to Build World’s Largest Post-Combustion Carbon Capture-Enhanced Oil Recovery Project

A Hogan Lovells cross-border, cross-practice team made up of lawyers from Denver, Houston, Washington, D.C., and Tokyo, advised JX Nippon Oil & Gas Exploration Corporation (“JX Nippon”) in its formation of a 50/50 joint venture company (“ the Company”) through its wholly owned subsidiary JX Nippon Oil Exploration (EOR) Limited1; and Petra Nova Holdings LLC, a wholly owned subsidiary of NRG Energy, Inc. (“NRG”).

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Jackson Walker Welcomes Daniel Nossa

Daniel Nossa is a partner in the Energy, Derivatives, and Investment Funds group at Jackson Walker. He advises public and private entities on commodity and financial transactions ranging from plain vanilla trades to complex multi-billion dollar structured deals. Mr. Nossa has extensive experience negotiating and drafting industry standard documentation such as the ISDA, GMSLA, MSLA, MSRA, EEI and NAESB agreements and many forms of credit support documents including CSAs, security agreements, guaranties and letters of credit. He advises dealers and end users on the Commodity Exchange Act and Dodd-Frank regulations. Mr. Nossa received his A.B., cum laude, from Princeton University and his J.D. degree from Stanford Law School.

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CenterPoint Energy Houston Electric, LLC $600 Million General Mortgage Bonds Offering

Hunton & Williams LLP advised Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, as joint book-running managers on an SEC-registered offering by CenterPoint Energy Houston Electric, LLC (“CEHE”) of $600 million aggregate principal amount of general mortgage bonds due 2044.

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Leading Oil and Gas Attorney Michael Byrd Joins Akin Gump in Houston

Akin Gump today announced the addition of Michael J. Byrd as a partner in the firm’s energy practice in Houston. Mr. Byrd is an experienced and recognized attorney in the oil and gas industry, whose practice emphasizes upstream M&A transactions. He comes to Akin Gump from Baker & McKenzie, where he served as chair of that firm’s North America oil and gas practice group.

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