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About Charles
Charles Still serves as Co-Head of Bracewell’s firm-wide Corporate and Securities Department and maintains an active transactional practice, with a particular focus on the energy industry. He advises clients on mergers, acquisitions and sales of public and private companies, joint ventures, private equity investments and restructuring transactions. Charles also represents corporate and master limited partnership (MLP) issuers and investment banks in capital markets transactions, including initial public offerings, private investments in public equity (PIPEs) and other public and private offerings of common and preferred equity securities, as well as public and Rule 144A offerings of high-yield, investment-grade and convertible debt securities. He also advises clients on corporate governance, SEC reporting and other corporate and securities law matters.
Experience
Recent Notable Matters
Bison Oil & Gas Partners II, LLC — $300 million total cash divestiture DJ Basin operator to Civitas Resources, Inc., which was restructured from stock and cash consideration prior to closing
Sabalo Energy, LLC — sale of Midland Basin assets to Laredo Petroleum Inc. for $606 million in cash and 2.507 million shares of Laredo’s common stock
Matlin & Partners Acquisition Corporation — merger and contribution agreement with U.S. Well Services, LLC, creating one of the first publicly traded oilfield service companies with all-electric hydraulic fracturing capabilities with an enterprise value of $588 million (Read More)
Venoco, Inc. — multiple Rule 144A offerings of high-yield notes
Ferrellgas Partners, L.P. — multiple public and Rule 144A offerings of high-yield notes
Sysco Corporation — multiple public offerings of notes
Energy & Exploration Partners, Inc. — Rule 144A offering of convertible notes and proposed initial public offering
Midstream MLP — proposed initial public offering
Royalty interest MLP — proposed initial public offering
FX Energy, Inc. — $119 million sale to ORLEN Upstream Sp. z o.o., wholly-owned exploration and production subsidiary of PKN ORLEN SA.
National Grid USA — contribution of its equity interests in Iroquois Gas Transmission System LP to Dominion Midstream Partners LP in exchange for approximately $225 million in public equity
Three Rivers Natural Resource Holdings IV LLC — equity commitment of up to $500 million from funds managed by energy private equity firm Riverstone Holdings LLC and additional amounts from the company’s management team
Venoco, Inc. — debt restructuring and financing transaction recognized as Out-of-Court Restructuring Deal of the Year (Over $500 Million), 10th Annual M&A Advisor Turnaround Awards
Ruby Pipeline, LLC — Rule 144A offering of notes
El Paso Corporation and subsidiaries — multiple public and Rule 144A offerings of notes
Magnum Hunter Resources Corporation — multiple PIPE and at-the-market offerings of common stock
Underwriters for Energy Transfer Partners, LP — multiple public and Rule 144A offerings of notes
O'Brien Energy Company — multiple private offerings of common and preferred interests in oil and gas limited partnerships
FX Energy, Inc. — public offering of common stock
Underwriters for TransAtlantic Petroleum Ltd. — public offering of common stock
Underwriters for GeoResources Inc. — public offering of common stock
Underwriters for Boots & Coots International Well Control, Inc. — public offering of common stock
Oil and gas exploration and production company — sale of interest in midstream joint venture
HEYCO Energy Group, Inc. — sale of its subsidiary, Harvey E. Yates Company, to Matador Resources Co., in exchange for Matador stock
Venoco, Inc. — financing of its going private transaction, including its $500 million reserve-based revolving credit facility and $215 million second lien term loan and its holding company’s $60 million notes offering and $255 million PIK-toggle high yield notes offering
Publications and Speeches
"Proxy Access Shareholder Proposals: SEC Issues No-Action Responses," Corporate Compliance Insights, March 14, 2016.
"Maturing Shale Plays Help Usher in Recent Increase in Upstream MLPs," Oil & Gas Financial Journal, June 2013.