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Elizabeth L. McGinley
Elizabeth McGinley is the head of the firm's tax practice. She represents a variety of clients in the oil and gas and electric power industries, including private equity firms investing in oil and gas exploration, production and infrastructure. Her experience includes complex debt and equity financing, joint ventures and project finance, as well as extensive experience with volumetric production payment (VPP) transactions.
Elizabeth also represents private equity firms and financial institutions with respect to investments in distressed or bankrupt companies. She has experience representing purchasers in acquisitions of assets of bankrupt organizations, including credit bid acquisitions.
In addition, Elizabeth has experience in partnership and corporate transactions including mergers and acquisitions and spin-off transactions.
Chesapeake Energy in its $2.16 billion sale of a substantial majority of its remaining midstream assets to Access Midstream Partners, L.P.
Chesapeake Energy in its $2 billion sale of its limited partner units and its general partner interests in Chesapeake Midstream Partners LP to Global Infrastructure Partners.
Chesapeake Energy in connection with its $1.25 billion joint venture with a club of investors led by EIG Global Energy Partners.
Legend Natural Gas (a Riverstone affiliate) in the $900 million purchase of all of the Barnett Shale assets of Range Resources Corporation.
EIG Global Energy Partners in a $220 million equity investment and $200 million senior debt facility for BlackBrush Oil & Gas L.P. and TexStar Midstream Services L.P.
A large private equity fund in connection with its $500 million acquisition of oil and gas storage facilities and oil and gas assets in close proximity to the Barnett Shale.
Numerous financial institutions in acquisitions of up to $1 billion volumetric production payments from exploration and production companies covering various onshore and offshore oil and gas assets
Hilcorp Energy Company in connection with its hybrid upstream and midstream joint venture with an affiliate of NRG Energy for purposes of utilizing captured CO2 for an enhanced oil recovery project conducted on South Texas oil and gas assets
MatlinPatterson in connection with the restructuring of its first lien debt position in Crescent Resources, LLC, a land developer.
MatlinPatterson in connection with its acquisition of substantially all of the assets of Foamex International, Inc., a leading manufacturer of foam products, through a credit bid pursuant to a sale under Section 363 of the Bankruptcy Code.
Publications and Speeches
"Are VPPs Better Financing Structures Than RBLs?," Project Finance, March 2013.
"Federal Tax Aspects of PE Oil and Gas Investments," The Deal, December 2011.
"Understanding Critical tax Aspects of Volumetric Production Payments," Oil & Gas Financial Journal, April 2011.
"Tax Considerations Stemming from Restructuring Transactions," New York Law Journal, November 2009.
LL.M., Taxation, New York University School of Law, 1999
J.D., New York University School of Law, 1996
B.S., Beta Gamma Sigma, Phi Beta Kappa, Lehigh University, 1990
Certified Public Accountant, New York
Member of the Board of Directors, Kent Place School, Summit, NJ
Member, Executive Women of New Jersey, 2009
Chambers USA: America's Leading Lawyers for Business, Tax, 2012-2013
US Legal 500, Tax, 2009-2012