News for Jimmy Vallee

In the past, for lawyers it was all about which firm would hire them. A successful, well-known firm meant prestige, affluent clients, and the promise of a bright future. While this is still the case for most in the profession, there is a unique class among attorneys whose firms may be dependent on them, rather than the other way around.
As mega firms become increasingly commoditized, the most powerful clients are more and more inclined to value lawyers with personal brand power above...

Winston has indeed been expanding in Texas, hiring Tom Melsheimer, Billie Ellis, Matt Orwig and 20 others for its new Dallas office in 2017 and bringing on Doug Atnipp from Greenberg Traurig last year to head the Houston office. But the firm also lost Richard Frye, who returned to Weil, Gotshal & Manges in Dallas last year as partner.
“We want to have 250 lawyers in Texas, with the majority of that in Houston, where we need to play catchup,” he said. “That would make...

Houston-based Occidental Petroleum Corp. (NYSE: OXY) is selling several of its midstream assets in two separate deals to Houston-based companies financed by a San Antonio-based venture capital firm. 
In one deal, Sugar Land-based Lotus Midstream LLC will acquire Oxy’s Centurion Pipeline, which is a 3,000-mile crude oil pipeline system, and a Southeast New Mexico crude oil gathering system, which is about 50 miles of crude oil pipelines, according to a press release from...

Crude oil logistics provider Lotus Midstream, LLC (“Lotus”) today announced it has entered into a definitive agreement to acquire the Centurion pipeline system and a Southeast New Mexico crude oil gathering system from Occidental Petroleum Corporation (“Occidental”) (NYSE: OXY). The transactionis expected to close later in the third quarter of 2018, subject to customary closing conditions.
The Centurion pipeline system is a large-scale, integrated network of...

Paul Hastings LLP is acting as Special Oil and Gas Counsel to Osprey Energy Acquisition Corp., an energy-focused special purpose acquisition entity, in its pending acquisition through a business combination of the assets of Royal Resources, an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners.
The Royal assets to be acquired represent the entirety of Blackstone’s mineral interests in the Eagle Ford Shale, and the transaction will create a...

Paul Hastings LLP, a leading global law firm, announced today that the firm is acting as Special Oil and Gas Counsel to Osprey Energy Acquisition Corp., an energy-focused special purpose acquisition entity, in its pending acquisition through a business combination of the assets of Royal Resources, an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners. The Royal assets to be acquired represent the entirety of Blackstone's mineral interests in the Eagle...

Paul Hastings LLP advised Great Salt Plains Midstream, LLC on the deal
Great Salt Plains Midstream Holdings, LLC (“GSPM”) recently closed on its acquisition of Thunderbird Midstream LLC. Both firms have headquarters in Oklahoma City.
The acquired assets include the Thunderbird Midstream cryogenic natural gas plant with 20 million cubic feet of natural gas per day (MMcf/d) processing capacity. The plant began operations in 2016 and is located on more than 40 acres to...

Jimmy Vallee talks about his new book Giant Shifts on the radio show The Price of Business.

Fixed-income investors dismayed by skimpy earnings on bonds and bank savings might be wise to look further afield – maybe as far as the Permian Basin of Texas or Marcellus Shale country in Pennsylvania, where one can buy into an oil or gas processing plant, storage field or pipeline.
If that sounds like a game for just the big boys, think again.
Ordinary investors with a stomach for risk can play too, with master limited partnerships, or MLPs, a kind of fund traded in "units"...