Frank E. Bayouth

Partner, Mergers & Acquisitions, Private Equity at Skadden, Arps, Slate, Meagher & Flom LLP

Frank E. Bayouth

Frank E. Bayouth

Partner, Mergers & Acquisitions, Private Equity at Skadden, Arps, Slate, Meagher & Flom LLP

Biography

Frank Bayouth is the head of Skadden’s Houston office. His practice concentrates on corporate and securities matters, with particular emphasis on mergers and acquisitions, private equity transactions, corporate finance and corporate governance issues.

Mr. Bayouth represents public and private companies, private equity firms and hedge funds, as well as investment banks and financing sources in a variety of U.S. and international transactions, primarily in the oil and gas sector. Some of the companies he has advised include:

Public Mergers and Acquisitions

* ONEOK, Inc. in its $9.3 billion acquisition of the remaining stake in ONEOK Partners, L.P. and in the spin-off of ONE Gas Inc., its natural gas local distribution company;
* Southwestern Energy Company in its $849 million acquisition of Montage Resources;
* Noble Energy, Inc. in its:
* $3.2 billion acquisition of Clayton Williams Energy, Inc.;
* $2.1 billion acquisition of Rosetta Resources Inc.; and
* $3.4 billion acquisition of Patina Oil & Gas Corporation;

* Quintana Energy Services, Inc. in its merger of equals with KLX Energy Services Holdings, Inc.;
* the special committee of the board of directors of TPC Group, Inc. in the $850 million contested leveraged buyout of TPC Group by First Reserve Corporation and SK Capital Partners;
* the lead investor in RKI Exploration and Production, LLC in connection with the $2.75 billion acquisition of RKI by WPX Energy, Inc.;
* Archer Limited in its $890 million acquisition of Allis-Chalmers Energy Inc.;
* GenOn Energy, Inc. in its $6 billion merger with NRG Energy, Inc.;
* RRI Energy, Inc. in its $3.1 billion merger of equals with Mirant Corporation;
* the audit, conflicts and governance committee of Enterprise Products GP, LLC in the $9.1 billion acquisition by Enterprise Products Partners of its publicly traded general partner, Enterprise GP Holdings, LP, and in the $3.3 billion acquisition of TEPPCO Partners, LP;
* BJ Services Company in its $5.5 billion acquisition by Baker Hughes Inc.;
* GlobalSanteFe Corporation in its $53 billion merger of equals with Transocean Inc.;
* the special committee of the board of directors of Kinder Morgan, Inc. in the $22 billion leveraged buyout of Kinder Morgan;
* Compagnie Générale de Géophysique in its $3.1 billion acquisition of Veritas DGC, Inc.;

Private Equity

* Vulcan Energy Corporation in its contested leveraged buyout of Plains Resources Inc.;
* Five Point Energy LLC in the formation of the San Mateo midstream joint venture with Matador Resources Company;
* Five Point Energy LLC and GSO Capital Partners in connection with the acquisition of equity interests in Twin Eagle Resource Management LLC;
* Vulcan Capital in the formation of a joint venture with Plains All American Pipeline, L.P. known as PAA/Vulcan Gas Storage, and its acquisition of a natural gas storage business from Sempra Energy;
* Castle Harlan, Lime Rock and CHAMP in the formation of Shelf Drilling International Holdings, Ltd. and its $1.1 billion acquisition of 38 shallow water drilling rigs from Transocean Ltd.
* Fortress Investment Group LLC in its acquisition of the crude offloading rail terminal business and other assets of Jefferson Refinery, L.L.C.
* Merrill Lynch & Co., Inc. (as principal) in an equity investment in Leor Exploration & Production LLC;

Restructuring

* Noble Corporation plc in its Chapter 11 filing;
* Atlas Resources Partners, L.P. in its prepackaged Chapter 11 filing;
* Titan Energy LLC in connection with an out-of-court restructuring;
* Huntsman Corporation and various affiliates in an out-of-court restructuring;

Additional Energy Transactions

* Devon Energy Corporation in its acquisition of 82,000 net acres in the Eagle Ford from GeoSouthern Energy for $6 billion;
* Exxon Mobil Corporation in its joint venture with Saudi Basic Industries Corp. (SABIC);
* Air Products and Chemicals, Inc. in its $530 million acquisition of five steam methane reformer (SMR) hydrogen production plants from PBF Energy Inc.;
* Osaka Gas Co. Ltd. in its $250 million acquisition of a 35% interest in certain Pearsall Shale assets from Cabot Oil & Gas Corporation;
* Archer Limited in its $630 million acquisition of Great White Energy Services;
* Petrie Parkman & Co. Inc., in its sale to Merrill Lynch & Co., Inc.;
* Slough Estates plc in the sale of its debt and equity interests in Tipperary Corporation and its principal subsidiary, Tipperary Oil & Gas (Australia) Pty Ltd., to Santos Limited;

Additional Mergers and Acquisitions

* CEMEX, S.A. de C.V. in various acquisitions and divestitures, including the sale of its Great Lakes business and its acquisition of Southdown, Inc., and in the formation of cement and concrete joint ventures with Ready Mix USA;
* Huntsman Corporation and various affiliates in several acquisitions, including acquisitions of businesses from Texaco Inc., Eastman Chemical Company, The Dow Chemical Company and Rohm and Haas Company, and in the formation of a joint venture with Imperial Chemical Industries PLC; and
* Metropolitan Life Insurance Company in the sale of its commercial finance business to General Electric Capital Corporation.

In the corporate finance area, Mr. Bayouth has represented issuers, underwriters and purchasers in public and private offerings of debt and equity securities.

With respect to general corporate matters, Mr. Bayouth has advised companies concerning SEC reporting obligations, board and stock­holder affairs, and other corporate and securities law matters.

Mr. Bayouth has been named in Chambers Global, as well as repeatedly in Chambers USA and The Best Lawyers in America. He also has been named as a leading lawyer by The Legal 500 U.S., a 2021 and 2017 Energy MVP by Law360, and the 2021 Energy & Industrials Dealmaker of the Year (Middle Market) by The Deal. He received the 2013 ILO Client Choice Award, awarded by The International Law Office in recognition of individual partners who excel across the full spectrum of client service.

Overview
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2280

Primary Location

Houston, TX, United States

Number of Awards

4

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Chair, Latin America Practice at Skadden, Arps, Slate, Meagher & Flom LLP

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Partner at Skadden, Arps, Slate, Meagher & Flom LLP

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Frank E. Bayouth
Partner, Mergers & Acquisitions, Private Equity at Skadden, Arps, Slate, Meagher & Flom LLP
Education
JD with High Honors
Class of 1990

The University of Texas School of Law began as the University of Texas at Austin's Department of Law when the University was founded in 1883. The Law School started with two professors and fifty-two students in the basement of the University's Old Main Building. The Law School has since grown to more than 1,200 students and offers the Doctor of Jurisprudence (JD) and the Master of Laws (LLM). The School of Law is a member of the Association of American Law Schools and is approved by the American Bar Association.

Class of 1990

The University of Texas at Austin is one of the largest public universities in the United States and is the largest institution of The University of Texas System. Founded in 1883, the university has grown from a single building, eight teachers, two departments and 221 students to a 350-acre main campus with 17 colleges and schools, about 24,000 faculty and staff, and more than 50,000 students.

BBA in Accounting with cum laude
Class of 1987

Texas Tech University, often referred to as Texas Tech, or TTU, is a public research university in Lubbock, Texas, United States. Established on February 10, 1923, and originally known as Texas Technological College, it is the leading institution of the Texas Tech University System and has the seventh-largest student body in the state of Texas. It is the only school in Texas to house an undergraduate institution, law school, and medical school at the same location. The university offers degrees in more than 150 courses of study through 13 colleges and hosts 60 research centers and institutes. Texas Tech University has awarded over 200,000 degrees since 1927, including over 40,000 graduate and professional degrees.

Career History
Partner, Mergers & Acquisitions, Private Equity
Current

Skadden, Arps, Slate, Meagher & Flom LLP provides legal advisory services. The company's practice areas include mergers and acquisitions, finance, litigation, corporate finance, insurance, tax, labor and employment, political law, private equity, corporate, antitrust, white collar crime, international, regulatory, and legislation. Its customers include corporate, industrial, and financial sectors. The company was founded by Marshall Skadden, John Slate and Les Arps in April 1948 and is headquartered in New York, New York.

Principal
Prior

Merrill Lynch & Co., Inc. provided wealth management, securities trading and sales, corporate finance and investment banking services. Merrill Lynch was a global trader and underwriter of securities and derivatives across a range of asset classes and serve as a strategic advisor to governments, institutions and individuals worldwide. The company was founded in 1913 and was headquartered in Charlotte, NC.

Advisor
Prior

Vulcan Capital Management invests in companies located in the US. The fund targets companies operating in the fields of coal,energy, energy technology, financial services, green technologies, natural resources, oil & gas, power and technology sectors. It provides distressed restructurings, LBO, mezzanine, recapitalizations structured equity investments for growth stage capital requirements with an investment size between $10 and $300 million.

Political Donations
$5,000
2012

Senator at Office of the Senator from Utah, Mitt Romney

$400
2007
$400
2006
Transactions
Details Hidden

Southwestern Energy Co. purchases Indigo Natural Resources LLC

Details Hidden

Devon Energy Corporation purchases WPX Energy, Inc.

Details Hidden

Southwestern Energy Co. purchases Montage Resources Corp.

Awards & Honors
Admitted to the New York Bar
Admitted to the Texas Bar
Chambers USA: America's Leading Lawyers for Business
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