- 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
- Real Estate and Projects
- Securities Regulation
- Financial Institutions
- Strategic Communications
- Financial Restructuring
- Intellectual Property
- White Collar Defense
- Internal Investigations
- News & Publications
- Rankings & Awards
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, 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 significant energy industry M&A transactions and has represented energy industry clients in multiple private acquisitions and dispositions.
Capital Markets and Securities
Representing FTS International, Inc. (formerly known as Frac Tech Services, L.L.C.) in its initial public offering. (Pending)
Representing Chesapeake Oilfield Services, Inc. in its initial public offering. (Pending)
Represented Chesapeake Energy Corporation in multiple public offerings of common stock, senior notes and contingent convertible notes; in tender offers; in exchange offers of common stock for preferred stock and in liability management transactions.
Represented ConocoPhillips in the public offering of $3 billion of 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 debt securities.
Represented TEPPCO Partners, L.P. in the public offering of $300 million of junior subordinated debt securities.
Represented W-H Energy Services Inc., an oilfield services company, in its $165 million initial public offering, in a $132 million follow-on offering, and in matters of securities law compliance.
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 and in matters of securities law compliance.
Represented Enterprise Products Partners, L.P. in the public offering of $315 million of common units.
Mergers, Acquisitions and Transaction
Represented Chesapeake Energy Corporation in the $2.0 billion disposition of its interest in Chesapeake Midstream Partners, L.P., its master limited partnership affiliate.
Represented Constellation Energy Group, Inc. in the deposition of its interest in Constellation Energy Partners LLC, its master limited partnership affiliate.
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 W-H Energy Services, Inc. in its $3.1 billion disposition to Smith International, Inc. by cash and stock exchange offer.
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.
Represented W-H Energy Services, Inc. in multiple strategic acquisitions (values ranging from $100,000 to $50 million) and in the disposition of two subsidiaries.
Represented Fort Bend Communications Companies Inc. in its $175 million cash merger with a subsidiary of TXU Corp.
Represented Enron Net Works LLC in making strategic venture investments in start-up companies.
Represented Sports Facilities L.P., a partnership of 14 large Houston-based companies, in making a $35 million subordinated loan to the Harris County Houston Sports Authority in connection with the construction of Minute Maid Park and in considering and negotiating the terms of a similar loan in connection with the construction of the Toyota Center.
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 USA: America's Leading Lawyers for Business, Corporate/M&A, 2011-2012; Energy: Oil & Gas (Transactional), 2010-2011
US Legal 500, Capital Markets: Equity Offerings, 2012
Super Lawyers, Corporate Counsel Edition, 2009
Texas Super Lawyers, 2008-2012
Texas Super Lawyers, Rising Star, 2004-2006, 2008
Best Lawyers in America, Corporate Law, 2007 - 2013
Assistant Managing Editor, South Texas Law Review