Buddy Clark

Practices

Education and Clerkships

J.D., University of Texas at Austin School of Law, 1982

B.A., University of Texas at Austin, 1978

Admissions

Texas

Profile

Buddy Clark chairs the firm’s Energy Practice Group representing clients in the oil and gas industry, including banks, private capital providers and producers in secured and unsecured credit transactions and equity investments; producers, joint venturers and midstream companies in oil and gas exploration, production and development agreements, and producing property and midstream acquisitions, joint developments and partnerships; and energy related litigation and bankruptcies. In June 2016, Buddy published “Oil Capital: The History of American Oil, Wildcatters, Independents and Their Bankers,” which traces the relationship between independent producers and their capital providers in America’s oil and gas industry. Buddy is a frequent speaker at oil and gas conferences and is often cited as an authority on current issues facing the oil and gas industry in trade publications and financial journals.

Selected Client Representations

  • Energy lenders in senior and mezzanine syndicated, club and sole bank facilities ($10 million to $3 billion) in connection with secured reserve based oil and gas production loans, including preparation and negotiation of credit facilities, mortgages and related loan documents
  • Representation of capital providers and management teams for exploration and production companies
  • General legal advice to oil and gas companies on various transactional matters including multi-state producing property acquisitions, reserved based and production payment financings, dispute resolution and operating matters
  • Acquisitions of producing properties in Texas, Louisiana, Mississippi, Montana, North Dakota, New Mexico, Oklahoma, Alabama, Kansas, Pennsylvania, W. Virginia and Gulf of Mexico
  • Workouts and debt restructurings on behalf of energy lenders and borrowers in multi-state secured oil and gas production loans and bankruptcy related oil and gas producing property acquisitions

Honors

Super Lawyers

Haynes and Boone Maintains Solid Showing on 2016 Texas Super Lawyers

Texas Super Lawyers has again recognized Haynes and Boone in its annual award listings, highlighting 61 firm lawyers, with three celebrating 10 years on the list.


Published by Thomson Reuters, September 2016

Oil and Gas

Buddy Clark book

"Oil Capital" by Haynes and Boone's Buddy Clark Covers Rise of Independent American Oilmen

Haynes and Boone, LLP lawyer Bernard F. Clark, Jr. is pleased to debut a deeply-researched history of the American oil business that recounts the industry’s booms and busts for more than 150 years, providing unique perspective and vital context about the current state of the energy market.

Recognition

Best Lawyers

Haynes and Boone Featured in Best Lawyers in America 2017

Best Lawyers in America, an annual referral guide listing outstanding lawyers throughout the U.S., has recognized 108 Haynes and Boone lawyers across more than 50 practice areas in the 2017 edition.


Published by Woodward/White, Inc., August 2017

Professional Recognition

  • Named as a "world’s leading practitioner in the field" in the Energy and Natural Resources Expert Guide, Legal Media Group, 2016
  • Selected for inclusion in Houston Business Journal's list of Who's Who in Energy, American City Business Journals, 2015
  • Recognized in The Best Lawyers in America, Woodward/White, Inc., in Project Finance Law, 2008-2017; Natural Resources Law, 2006-2017; Energy Law, 2012-2017; and Oil & Gas Law, 2016-2017
  • Recognized in Euromoney's Guide to the World's Leading Energy and Natural Resources Lawyers, Euromoney Institutional Investor PLC, 2015
  • Selected for inclusion in Texas Super Lawyers, Thomson Reuters, in Energy & Natural Resources, 2009-2015; Banking, Securities & Corporate Finance, 2013-2015
  • Recognized by Martindale Hubbell® Law Directory with a Peer Review Rating of AV® Preeminent

Newsroom

Navigating Current Oil and Gas Markets

This series of energy industry alerts provides both oil and gas producers and bankers with timely information about distressed commodity prices and legal options to consider regarding credit agreements, restructuring debt, and potential defaults.

Selected Publications and Speeches

  • Excerpt of “Oil Capital: The History of American Oil, Wildcatters, Independents and Their Bankers,” Oil and Gas, Natural Resources and Energy Journal, Volume 2, Number 2 (2016) University of Oklahoma College of Law, Oil, Gas and Energy Center.
  • "Looking Back on Lessons Learned,” panel leader, IPAA Conference “Managing Debt in Troubled Times – Surviving 2016," April 21, 2016.
  • "New Capital Sources," moderator, IPAA Private Capital Conference - Private Capital Adapts to New American Energy Paradigm, Houston, Texas, January 22, 2016.
  • IPAA Private Capital Conference, moderator, Houston, Texas, January 29, 2015.
  • “A Dozen Ways to Stretch Your Borrowing Base,” guest article, State Bar of Texas Corporate Counsel Section, Winter 2015.
  • “New Paradigm in E&P Finance," guest article, Oil & Gas Monitor, March 10, 2014.

Professional and Community Activities

  • State Bar of Texas (Member, Natural Resources and Banking Law Sections)
  • Houston Energy Finance Group (Chairman, Board of Directors)
  • Fellow Houston and Texas Bar Foundations
  • Independent Producers Association of America, Capital Markets Committee

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