David Oelman > Vinson & Elkins LLP > Houston, United States > Lawyer Profile
Vinson & Elkins LLP Offices
1001 FANNIN STREET
HOUSTON, TX 77002-6760
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Capital Markets and Mergers & Acquisitions
David Palmer Oelman co-heads V&E’s Mergers & Acquisitions and Capital Markets practice group and he is a member of the firm’s Management Committee.
David is one of the country’s preeminent IPO practitioners, having worked on more IPOs in the last three decades than all but a small handful of lawyers practicing in the U.S. across all industries. He has worked with issuers and underwriters across a broad spectrum of industries. David continues to counsel clients after completing their IPOs, and is experienced in corporate governance matters, follow-on public offerings, private placements of equity and debt, mergers and acquisitions, dispositions, joint ventures, and private equity investments. As David sees it, his three decade career has included three main components:
Midstream and Infrastructure
In the 1990s and the first decade of the 2000s, he advised on the initial public offerings of numerous midstream businesses, including for the predecessors of Kinder Morgan Inc., Energy Transfer, Plains All American Pipeline and dozens of others. This work has continued as midstream and other businesses have grown, including LNG and LNG-to-power companies.
Starting with his representation of Continental Resources on its IPO in 2007, David has been fortunate to represent a number of the pioneers of the “Shale Revolution” and over the past decade has worked with numerous upstream, downstream, and OFS businesses launched in its wake.
As David enters the next phase of his career, he looks forward to building energy evolution as traditional and renewable energy are combined most efficiently, and responsibly meet the world’s energy needs.
Vinson & Elkins LLP has a rounded practice, principally in the high-yield debt field, but with further credibility in investment grade and convertibles. The firm is building its presence in ESG and sustainable finance; it advised Goldman Sachs on Sunnova Energy International’s $400m green bond offering in 2021. While best known for its work in the energy and infrastructure sectors, it has gained further traction in REITs and lands further engagements through its expanding private equity client base. It is slightly more active on the issuer-side, but also frequently advises underwriters. Houston’s Mark Kelly, Gillian Hobson, Alan Beck, David Oelman, Ramey Layne and David Stone are amongst its key partners in the capital markets sphere, along with Washington DC partner Christopher Green.
Vinson & Elkins LLP is best known for its work in the energy and infrastructure sectors, routinely advising on a high-volume of IPOs and other equity offerings, including high-value deals. The firm has also made an impression in REITs and is at the forefront of SPAC IPOs and deSPAC transactions. The firm’s burgeoning list of private equity clients has added to its deal flow. The firm primarily represents issuers, though has a solid pipeline of engagements from underwriters. Alan Beck and David Oelman are rated for energy sector IPOs and equity offerings. Ramey Layne is a prominent figure in SPAC IPOs and Brenda Lenahan is a key name in New York.
Vinson & Elkins LLP continues to expand its share of the national private equity market, advising on a number of sophisticated transactions for notable sponsors including KKR, Carlyle, and Riverstone, combining traditional buyouts and portfolio company M&A with regular involvements in PE-led SPAC deals for the likes of Apollo and TPG. The firm is a long-standing leader in the energy space, handling bulge-bracket deals in areas such as midstream oil & gas and renewable energy, and is increasingly involved in tech and telecoms work in New York and California. The team is led from Houston by Keith Fullenweider , Matthew Strock , and David Oelman , with New York’s Jim Fox also a key player. Benji Barron joined the Houston office from an in-house position in July 2021, furthering the firm’s expertise in midstream energy transactions, while Gabriel Silva arrived at the New York office from January 2021 and brings a valuable relationship with Digitalbridge. Lande Spottswood in Houston is an increasingly influential name in the team, while Dallas’s John Grand is relationship partner for several of the firm’s major clients.
- Capital markets: debt offerings - United States > Finance
- Capital markets: equity offerings - United States > Finance
- Private equity buyouts - United States > M&A/corporate and commercial
Top Tier Firm Rankings
- Industry focus > Energy regulation: oil and gas
- Industry focus > Energy transactions: oil and gas
- Industry focus > Energy: renewable/alternative power
- Government > Government relations
- M&A/corporate and commercial > Shareholder activism
- Finance > Capital markets: high-yield debt offerings
- Industry focus > Energy litigation: oil and gas
- Industry focus > Environment: regulatory
- Government > Government contracts
- Finance > Capital markets: debt offerings
- Finance > Capital markets: equity offerings
- Antitrust > Cartel
- Labor and employment > Employee benefits, executive compensation and retirement plans: transactional
- Industry focus > Energy regulation: electric power
- Industry focus > Energy transactions: electric power
- Industry focus > Environment: litigation
- Industry focus > Environment: transactional
- Tax > International tax
- Dispute resolution > M&A litigation: defense
- Antitrust > Merger control
- Real estate > Real estate
- Real estate > Real estate investment trusts (REITs)
- Dispute resolution > Securities litigation: defense
- Tax > US taxes: non-contentious
- Antitrust > Civil litigation/class actions: defense
- Real estate > Construction (including construction litigation)
- Dispute resolution > International arbitration
- M&A/corporate and commercial > Private equity buyouts
- Finance > Restructuring (including bankruptcy): corporate
- Industry focus > Sport
- Tax > US taxes: contentious
- Dispute resolution > General commercial disputes
- Dispute resolution > Leading trial lawyers
- M&A/corporate and commercial > M&A: large deals ($1bn+)
- Dispute resolution > Appellate: courts of appeals / Appellate: supreme courts (states and federal)
- Finance > Commercial lending
- Dispute resolution > Corporate investigations and white-collar criminal defense
- Industry focus > Transport: aviation and air travel - finance
- Real estate > Land use/zoning
- Finance > Project finance