Energy Financial Restructuring

Recognition has come to the Financial Restructuring Practice Group by virtue of having provided significant expertise in representing clients in a broad range of energy matters. In the oil and gas sector, King & Spalding lawyers have had extensive involvement in the restructuring entities engaged in upstream activities such as oil and gas production, gathering and processing. King & Spalding lawyers also advise a broad spectrum of oil and gas support and supply entities. King & Spalding lawyers have participated extensively in Chapter 11 cases of refineries and possess similar experience in connection with matters involving the generation, transmission, and distribution of electricity.

In the oil and gas sector, King & Spalding lawyers have had extensive involvement in the restructuring entities engaged in upstream activities such as oil and gas production, gathering and processing. Examples typical of those engagements are:

• U.S. Oil of Louisiana, Inc.
  
  
• Damson Oil Company
  
  
• Cygnus Oil & Gas Corporation
  
  
• Costilla Energy, Inc.
  
  
• Alma Energy Corporation/Equinox Oil Company

King & Spalding lawyers also advise a broad spectrum of oil and gas support and supply entities, such as:

• Kendavis Industries International, Inc. (supplies)
  
  
• Texas Oil Field Supply (supplies)
  
  
• Seiscom Delta United, Inc. (seismic services)
  
  
• Grant Geophysical, Inc. (seismic services)
  
  
• Gulf Overseas Corp. (supply barge manufacturing)
  
  
• Fagan Boat Services, Inc. (offshore crew boat operations)
  
  
• Raines Tool Company (manufacture of oil field tools)
  
  
• Global Marine, Inc. (offshore drilling rig operations)

In connection with the downstream sector, King & Spalding lawyers have participated extensively in these Chapter 11 cases:

• GHR Industries, Inc. (refining)
  
  
• Orion Refining, Inc. (refining)
  
  
• Texas Petrochemicals, L.P. (petrochemicals)

King & Spalding has similar experience in the electrical industry:

• Significant representation in restructuring businesses engaged in the generation, transmission, and distribution of electricity (Mirant Corporation)
  
  
• The transmission and distribution of electricity (El Paso Electric Corporation and Palm Beach County Utilities Corporation)
  
  
• Distribution (Cajun Electric Cooperative, Inc.)

Recognitions

• Chambers USA 2010 named King & Spalding’s Bankruptcy Group as a leading Tier 1 practice.
  
  
• King & Spalding is recognized for its “first-class energy team” and ranks as one of the top energy and natural resources firms in the United States in the 2010 edition of Chambers Global: The World’s Leading Lawyers for Business.
  
  
• King & Spalding is named one of the top energy and natural resources firms nationally (Chambers USA 2010).
  
  
• King & Spalding was ranked in the 2009 United Arab Emirates section of Legal 500 for projects and energy.
  
  
• King & Spalding lawyers are ranked in Euromoney’s “World’s Leading Energy and Natural Resource Lawyers.”

Areas of Expertise

• Out-of-court debt restructuring and workouts on behalf of debtors, creditors, or shareholders
  
  
• Representation of debtors in Chapter 11 cases
  
  
• Representation of secured creditors in Chapter 11 cases
  
  
• Acquisition of businesses or assets from businesses on the verge of or in Chapter 11
  
  
• Pursuit of unsecured claims of creditors
  
  
• Defense of preferences, fraudulent conveyances and other avoidance actions
  
  
• Representation of liquidating trustees or plan agents in Chapter 11 cases
  
  
• Representation of official committees in Chapter 11 cases