BofA Merrill Lynch Leads $175 Million IPO of World Point Terminals, LP

On Wednesday, August 14th, World Point Terminals, LP completed its initial public offering of 8,750,000 common units representing limited partner interests at the public offering price of $20.00 per common unit. World Point sold 3,871,750 common units and a subsidiary of the sponsor sold 4,878,250 common units in the offering. World Point also granted the underwriters a 30-day option to purchase up to 1,312,500 additional common units. After a six-day road show, the offering priced on August 8th, and the common units began trading on the New York Stock Exchange under the symbol “WPT” on Friday, August 9th.

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Porter Hedges Grows Energy Practice with New Partner Jeremy Mouton

Jeremy Mouton has joined Porter Hedges as a partner in the Energy Section. His practice focuses on advising oil and gas companies on a variety of corporate, transactional and commercial matters, with an emphasis on upstream joint ventures, acquisitions and divestitures. He also represents consumer product, distribution chain, and technology companies in connection with joint ventures, acquisitions, divestitures, commercial contracts, project development, and other corporate and commercial matters.

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Heather M. Corken Joins Bracewell’s Houston Office as Environmental Partner

Bracewell & Giuliani LLP announced that Heather M. Corken has joined the firm’s Houston office as a partner in the environmental strategies practice. Corken focuses on energy-related environmental issuessuch asadvising clients on regulatory requirements, assisting them in the evaluation and negotiation of corporate and real estate transactions and representing them in environmental litigation and enforcement matters.

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Simpson Thacher Represents Wells Fargo in Connection with an Aggregate $1.3 Billion of Revolving Credit Facilities for EnerVest Preferred Holdings XIII

The Firm recently represented Wells Fargo in connection with an aggregate $1.3 billion of revolving credit facilities including the $715.0 million revolving credit facility for EnerVest Preferred Holdings XIII, L.P., the $10.0 million revolving credit facility for EnerVest Energy Institutional Fund XIII-WIC, L.P., and the $575.0 million revolving credit facility for EnerVest Institutional Fund XIII-A, L.P.  EnerVest is one of the 25 largest oil and gas companies in the United States, with more than 27,000 wells across 16 states, 5.4 million acres under lease and more than $6 billion in proved and probable reserves.

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Tags:  Simpson Thacher & Bartlett LLP | Houston