- International Practice
- Broker-Dealer and Market Regulation
- Labor and Employment
- Climate Change
- Corporate and Securities
- Private Client Services
- Educational Institutions
- Private Investment Funds
- Public Finance
- Environmental Strategies
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- Securities Regulation
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Michael S. Telle
Michael Telle represents a variety of clients, including issuers, underwriters and investors, in public offerings and other registered and unregistered offerings of debt and equity securities, in merger and acquisition transactions, and in other corporate and financing transactions. He also assists clients in securities law compliance, corporate governance and general corporate matters.
Mr. Telle has particular experience advising clients involved in the energy industry, including public and private upstream exploration and production companies, public and private midstream companies, including several master limited partnerships (MLPs), and oilfield service companies. His work has included initial public offerings, public and 144A offerings of debt and equity securities, tender offers and exchange offers and a variety of liability management transactions. He also has worked on several energy industry M&A transactions and has represented energy industry clients in multiple private acquisitions and dispositions.
Capital Markets and Securities
Represented Spectra Energy Partners LP in the public offering of $1.9 billion of notes the proceeds of which were used to fund a portion of the purchase price of SEP's $12 billion acquisition of the U.S. transmission, storage and liquids business of Spectra Corp.
Represented Chesapeake Oilfield Services, Inc. in its initial public offering. (Withdrawn)
Represented FTS International, Inc. (formerly known as Frac Tech Services, L.L.C.) in its initial public offering. (Withdrawn)
Represented Chesapeake Energy Corporation in public and private offerings of several billion dollars of common stock, preferred stock, senior notes and contingent convertible notes; in tender offers; in exchange offers of common stock for preferred stock and in a variety of liability management transactions.
Represented ConocoPhillips in the public offering of $3 billion of notes.
Represented Chesapeake Midstream Partners, L.P. in multiple public offerings of common units and notes.
Represented Key Energy Services, Inc. in the issuance of $200 million of senior notes.
Represented Enterprise Products Partners, L.P. in the public offering of $1.25 billion of junior subordinated notes.
Represented TEPPCO Partners, L.P. in the public offering of $300 million of junior subordinatednotes.
Represented W-H Energy Services Inc., an oilfield services company, in its $165 million initial public offering, in a $132 million follow-on offering.
Represented a joint venture owned by Enterprise Products Partners, L.P. and Valero Corporation in the issuance of $415 million of fixed and floating rate notes in a Rule 144A transaction.
Represented Enbridge Energy Partners, L.P. in the $351 million initial public offering of shares by its limited liability company affiliate.
Represented Enterprise Products Partners, L.P. in the public offering of $315 million of common units.
Mergers, Acquisitions and Transactions
Represented Kinder Morgan Energy Partners, L.P. in its approximate $1 billion acquisition of American Petroleum Tankers and State Class Tankers, which own a Jones Act tanker fleet.
Represented Lufkin Industries Inc. in its $3.3 billion acquisition by General Electric Company.
Represented Chesapeake Energy Corporation in the $2 billion disposition of its interest in Chesapeake Midstream Partners, L.P., its midstream MLP affiliate.
Represented Constellation Energy Group, Inc. in the disposition of its interest in Constellation Energy Partners LLC, its upstream MLP affiliate.
Represented Alinda Capital Partners in its acquisition of a 50% interest in the general partner of Martin Midstream Partners LP, a midstream MLP.
Represented FTS International, Inc. in the disposition of its proppant mining and logistics business to Fairmount Minerals, Ltd.
Represented Chesapeake Energy Corporation in connection with dropdown transactions with Chesapeake Midstream Partners, L.P.
Represented Key Energy Services, Inc. in its $250 million disposition of its pressure pumping and wireline services businesses.
Represented Key Energy Services, Inc. in its $340 million acquisition of Edge Oilfield Services, LLC and Summit Oilfield Services, LLC.
Represented the Special Committee of the Board of Directors of Enbridge Energy Management, L.L.C. in multiple transactions involving its general partner, including the restructuring of its incentive distribution rights and the $1.2 billion joint venture related to the U.S. segment of the Alberta Clipper crude oil pipeline project.
Represented W-H Energy Services, Inc. in its $3.1 billion acquisition by Smith International, Inc.
Represented Goodman Global Holdings Inc., an HVAC manufacturing company, in its $1.4 billion disposition to an affiliate of Apollo Management.
Represented Enterprise Products Partners, L.P. in its $13 billion cash and stock merger with GulfTerra Energy Partners L.P.
Represented Ferrovial Agroman S.A., a Spanish construction and engineering company, in the $225 million acquisition of a Texas-based heavy construction contractor.
Publications and Speeches
Panelist, "Creating the Ideal O&G MLP Business - Risks and Rewards," Platts Oil & Gas Acquisition & Divestiture Conference and MLP Symposium, November 5-7, 2007
J.D., summa cum laude, South Texas College of Law, 1994
M.S., Finance, summa cum laude, Texas Tech University, 1991
B.B.A., Economics, cum laude, Texas Tech University, 1990
State Bar of Texas
Chambers & Partners, Chambers USA, Corporate/M&A, 2011-2014; Capital Markets: Debt and Equity, 2013-2014; Energy: Oil & Gas (Transactional), 2010-2011
Legalease, The Legal 500 United States, Capital Markets: Equity Offerings, 2012-2014; Capital Markets: Debt Offerings, 2013-2014; Energy: Transactions, 2014; Mergers & Acquisitions (M&A) Large Deals ($1-5 Billion), 2014
Super Lawyers, Corporate Counsel Edition, 2009
Thomson Reuters, Texas Super Lawyers, 2008-2012
Thomson Reuters, Texas Super Lawyers, Rising Star, 2004-2006, 2008
U.S. News Media Group, Best Lawyers, Corporate Law, 2007 - 2013
Assistant Managing Editor, South Texas Law Review
Euromoney Institutional Investor PLC, ILFR1000, 2014