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 is the co-chair for 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

Energy

Oil and Gas

Haynes and Boone Represents Alta Mesa in $3.8 Billion Merger with Silver Run Acquisition Corporation II

A team of Haynes and Boone lawyers led by Houston Partner Bill Nelson is advising Alta Mesa Holdings, LP, which has reached a definitive agreement to combine with Silver Run Acquisition Corporation II and Kingfisher Midstream LLC. The transaction is subject to the approval of Silver Run II stockholders and the satisfaction or waiver of other customary closing conditions.

Recognition

Best Lawyers

Haynes and Boone Featured in Best Lawyers in America 2018

Best Lawyers in America, an annual referral guide listing outstanding lawyers throughout the U.S., has recognized 107 Haynes and Boone lawyers across 56 practice areas in its 2018 edition.


Published by Woodward/White, Inc. in August 2017

Energy

Haynes and Boone Represents Trans Energy in Award-Winning Deal

Haynes and Boone Represents Trans Energy in Award-Winning Deal

Haynes and Boone, LLP and the investment bank, Gordian Group, represented Trans Energy, Inc. on a unique transaction that was awarded the 2016 “Out-of-Court Restructuring Deal of the Year” award by The M&A Advisor.

Selected Publications and Speeches

  • “Oil Capital and the Rise of Independent American Oilmen” Kay Bailey Hutcheson Center for Energy, Law & Business Distinguished Lecture Series, November 8, 2016.
  • “Avoiding Litigation: Crash Course in Oil Capital – Lessons Learned and Relearned,” 15th Energy Litigation Conference, November 3, 2016.
  • “Oil Capital; Lessons Learned and Relearned,” Presenter, 2016 NARO National Convention, Dallas, Texas, October 7, 2016.
  • 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 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, 2008-2018; Natural Resources Law, 2006-2018; Energy Law, 2012-2018; and Oil & Gas Law, 2016-2018
  • 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, 2009-2016; Banking, Securities & Corporate Finance, 2013-2016
  • Recognized by Martindale Hubbell® Law Directory with a Peer Review Rating of AV® Preeminent

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.

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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