Frank E. Bayouth
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.

Bio

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:

  • 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;
  • the lead investor in RKI Exploration and Production, LLC in connection with the $2.75 billion acquisition of RKI by WPX Energy, Inc.;
  • Devon Energy Corporation in its acquisition of 82,000 net acres in the Eagle Ford from GeoSouthern Energy for $6 billion;
  • ONEOK, Inc. in the spin-off of its natural gas local distribution company;
  • Osaka Gas Co. Ltd. in its $250 million acquisition of a 35 percent interest in the Pearsall Shale operation from Cabot Oil & Gas Corporation;
  • 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;
  • Five Point Capital Partners and GSO Capital Partners in connection with the acquisition of equity interests in Twin Eagle Resource Management LLC;
  • Archer Limited in its $890 million acquisition of Allis-Chalmers Energy Inc. and its $630 million acquisition of Great White Energy Services;
  • GenOn Energy, Inc. in its $6 billion merger with NRG Energy, Inc.;
  • RRI Energy, Inc. in its 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 merger of equals with Transocean Inc.;
  • the special committee of the board of directors of Kinder Morgan, Inc. in the leveraged buyout of Kinder Morgan;
  • Petrie Parkman & Co. Inc., in its sale to Merrill Lynch & Co., Inc.;
  • Vulcan Energy Corporation in its contested leveraged buyout of Plains Resources Inc.;
  • Vulcan Capital, a private equity firm, in the formation of a joint venture with Plains All American Pipeline, L.P. known as PAA/Vulcan Gas Storage, and the acquisition by the joint venture of a natural gas storage business from Sempra Energy;
  • Compagnie Générale de Géophysique in its acquisition of Veritas DGC, Inc.;
  • Merrill Lynch & Co., Inc. (as principal) in an equity investment in Leor Exploration & Production LLC;
  • 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.;
  • 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 an out-of-court restructuring, 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 was named in Chambers Global in 2017, repeatedly has been selected for inclusion in Chambers USA and The Best Lawyers in America, and was named as a leading lawyer by Legal 500 U.S. in 2016. 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.

Credentials

Education

  • J.D., University of Texas Law School, 1990 (high honors)
  • B.B.A., Accounting, Texas Tech University, 1987 (cum laude)

Admissions

  • New York
  • Texas

Frank E. Bayouth

Partner, Mergers and Acquisitions; Private Equity
frank.bayouth@skadden.com