Walt Baker
Texas Tower
845 Texas Avenue
Suite 4700
Houston, Texas 77002
Walt’s principal areas of practice are corporate finance and securities law, including initial public offerings, other public offerings and private placements of equity and debt securities, and general corporate representation, including financial reporting compliance and corporate governance matters. Walt also regularly advises clients, including public and pre-IPO companies, private equity sponsors and their portfolio companies, on securities matters relating to mergers, acquisitions, strategic transactions and financings. He has particular experience with clients in the energy industry, including oil and gas exploration and production, midstream, downstream, oilfield services, energy infrastructure and independent power producers.
The following is a list of representative matters in which Walt has assisted.
Experience Highlights
MN8 Energy, Inc. in its initial public offering of common stock (In Registration)
MN8 Energy LLC in its $325 million private placement of convertible preferred stock
ProFrac Holding Corp. in its $288 million initial public offering of common stock
Vital Energy, Inc. in its $800 million offering of senior notes and concurrent tender offer
Energy Transfer LP in the $3.25 billion acquisition of WTG Midstream Holdings from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, Inc.
Underwriters to New Fortress Energy Inc. in its $400 million public offering of Class A common stock
Energy Transfer LP in a $611 million public offering of common units by a selling stockholder
Atlas Energy Solutions Inc. in its $324 million initial public offering of Class A common stock
Black Mountain Acquisition Corp., a SPAC, in its $276 million initial public offering of units
Underwriters to Archaea Energy Inc., a renewable natural gas company, in a $265 million public offering of Class A common stock by a selling stockholder
Sunoco LP in its $1.5 billion offering of senior notes
Vital Energy, Inc. in its $200 million offering of senior notes
Initial purchasers and dealer manager in a $750 offering of senior notes by New Fortress Energy Inc. and concurrent tender offer
Alliance Resource Partners, L.P. in its $400 million private offering of senior notes
HF Sinclair Corporation in its $900 million debt exchange
Initial purchasers in the $400 million offering of senior secured second lien notes and concurrent tender offers by Martin Midstream Partners L.P.
Continental Resources, Inc. in its $1.6 billion offering of senior notes
Tap Rock Resources in the $2.45 billion ($1.5 billion in cash and $950 million in stock) sale of the equity of entities holding oil and gas assets in the Delaware Basin to Civitas Resources
Tug Hill and XcL Midstream in the $5.2 billion sale of Tug Hill’s upstream and XcL Midstream’s gathering and processing assets to EQT Corporation
Grayson Mill Holdings II, LLC and Grayson Mill Holdings III, LLC in the $5 billion sale to Devon Energy
Rockcliff Energy II, a portfolio company of Quantum Energy Partners, in its $2.7 billion sale to TG Natural Resources
Tumbleweed Royalty IV, LLC, a royalty company backed by EnCap Investments, and Tumbleweed Royalty II, LLC, a royalty company backed by Quantum Capital Group, in the sale of 100% of their equity interests to Viper Energy Partners, LLC, a subsidiary of Viper Energy, Inc. for $461 million in cash and approximately 10.1 million units
Atlas Energy Solutions Inc. in its $450 million acquisition of all of Hi Crush’s Permian Basin proppant production assets and North American logistics operations
Sunoco LP in its $7.3 billion acquisition of NuStar Energy L.P.
HF Sinclair Corporation in its $1.44 billion acquisition of the remaining outstanding units of Holly Energy Partners not already owned by HF Sinclair Corporation or its affiliates
Credentials
- University of Texas School of Law, J.D. with honors, 2020 (Associate Editor, Texas Law Review)
- Vanderbilt University, B.A. History cum laude, 2017
- Texas
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