Buddy Clark


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Education and Clerkships

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

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




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, Michigan, Mississippi, Montana, North Dakota, New Mexico, Oklahoma, Ohio, Alabama, Arkansas, 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.

Professional and Community Activities

  • Adjunct Professor, SMU Law School
  • 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

Selected Publications and Speeches

  • Near and Present Future of RBLs”, author, Oil and gas Investor's Capital Formations 2021, May 2021.
  • “Oil & Gas Finance,” speaker, Arkansas Bar Association’s 2017-2018 57th Annual Natural Resources Institute, Hot Springs, Arkansas, March 1, 2018.
  • “A Short History of Oil & Gas Capital & Finance,” speaker, The Permian Basin Water in Energy Conference, Midland, Texas, February 23, 2018.
  • “Accessing E&P Capital in 2018,” speaker, The Society of Petroleum Engineers’ Gulf Coast Section’s General Meeting, Houston, Texas, January 11, 2018.
  • “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

  • Recognized by Best Lawyers as a 2020 "Lawyer of the Year," Woodward/White, Inc.
  • 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, 2008-2021; Natural Resources Law, 2006-2021; Energy Law, 2012-2021; and Oil & Gas Law, 2016-2021
  • Recognized in Euromoney's Guide to the World's Leading Energy and Natural Resources Lawyers, Euromoney Institutional Investor PLC, 2015 and 2018
  • Selected for inclusion in Texas Super Lawyers, Thomson Reuters, in Energy & Natural Resources, 2009-2020; Banking, Securities & Corporate Finance, 2013-2016
  • Recognized by Martindale Hubbell® Law Directory with a Peer Review Rating of AV® Preeminent

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