David Oelman > Vinson & Elkins LLP > Houston, United States > Lawyer Profile

Vinson & Elkins LLP
1001 FANNIN STREET
SUITE 2500
HOUSTON, TX 77002-6760
United States
David Oelman photo

Work Department

Capital Markets and Mergers & Acquisitions

Position

Partner

Career

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.

Shale Revolution

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.

Energy Evolution

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.

Lawyer Rankings

United States > Finance > Capital markets: debt offerings

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.

United States > Finance > Capital markets: equity offerings

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.

United States > M&A/corporate and commercial > Private equity buyouts

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.