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Doug Getten
Doug Getten
Doug Getten
Partner
doug.getten@bakerbotts.com
DETAILS
Practices
Capital Markets and Securities
Corporate
Master Limited Partnerships (MLPs)
Mergers and Acquisitions
Private Equity
Industries
Energy
Oil and Gas
Details
Overview
Overview Admission & Affiliations Experience News Thought Leadership
Practices
Capital Markets and Securities
Corporate
Master Limited Partnerships (MLPs)
Mergers and Acquisitions
Private Equity
Industries
Energy
Oil and Gas

Overview

Doug Getten is a partner based in the firm's Houston office, and he serves as co-head of the firm's Capital Markets Practice. His emphasis is on corporate finance and securities law matters, including public and private securities offerings, mergers and acquisitions, divestitures, and other investment activities primarily related to publicly traded master limited partnerships (MLPs) and royalty trusts. He has also represented his clients in mergers and acquisitions, including public company mergers. He has extensive knowledge and experience with exploration and production companies, midstream businesses as well as the oil field services sector. Mr. Getten's capital markets experience includes the representation of public and private companies, MLPs and investment banking firms in capital markets offerings. He has also advised private equity investors including sovereign wealth funds. He regularly advises his public company clients with corporate governance issues and securities law disclosure and compliance issues, including Section 16 reporting obligations.

Admission & Affiliations

  • State Bar of Texas
  • Houston Bar Association
  • Houston Young Lawyers Association
  • J.D., Louisiana State University Hebert Law Center 2006
    Order of the Coif
    Phi Kappa Phi
    Louisiana Law Review
  • B.A., University of the South 2001

Experience

  • Represented the underwriters in Mach Natural Resources LP’s (NYSE: MNR) (“Mach”) underwritten public offering of 7,272,728 common units representing limited partner interests.  Mach received net proceeds of approximately $112.9 million, after deducting underwriting discounts and commissions and estimated offering expenses and excluding any exercise of the book-running managers’ option to purchase additional common units. Mach intends to use the net proceeds to fund pending acquisitions and for general partnership purposes, which may include future acquisitions. Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. acted as joint book-running managers for the offering. Stephens Inc. and Johnson Rice & Company L.L.C. served as co-managers for the offering.
  • Represented Citroniq Chemicals LLC (“Citroniq”) in the closing of $12 Million Series A funding round (the “Series A Round”), led by a multi-national energy technology company strategic investor and co-investment from Lummus Technology Ventures.
  • Represented Citigroup Global Markets Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc. and Truist Securities, Inc. acting as joint book running managers in connection with the public offering by Plains All American Pipeline, L.P. (“Plains”) and PAA Finance Corp, a wholly owned Plains subsidiary (together with Plains, the “Company) of $650 million of aggregate principal amount of 5.700% senior unsecured notes due 2034. The Company used the net proceeds from the offering to repay a portion of its $750 million 3.600% senior notes due 2024 on or prior to the maturity date in November 2024 and, pending such repayment, for general partnership purposes, which may include, among other things, intra-group lending and related transactions, repayment of indebtedness, acquisitions, capital expenditures and additions to working capital.
  • Represented Raymond James & Associates, Inc. as sole underwriter in TXO Partners, LP.’s (“TXO”) upsized underwritten public offering of 6,500,000 common units representing limited partner interests.  TXO expects to receive net proceeds of approximately $122.5 million, after deducting underwriting discounts and commissions and estimated offering expenses and excluding any exercise of the Raymond James’ option to purchase additional common units. TXO intends to use the net proceeds to fund a portion of the cash consideration for the previously announced asset acquisitions from Eagle Mountain Energy Partners, LLC and Kaiser-Francis Oil Company (the “Acquisitions”). The offering is not conditioned on the consummation of either of the Acquisitions. Pending the closing of the Acquisitions, and in the event that either of the Acquisitions are not completed, the proceeds from the offering will be used to repay the outstanding borrowings under TXO’s revolving credit facility and for general partnership purposes.
  • Represented the initial purchasers and dealer manager in a Senior Notes Offering and Cash Tender Offer by Howard Midstream Partners, LLC (“Howard”).  Howard closed an upsized private placement (the “Offering”) under Rule 144A and Regulation S under the Securities Act of 1933, of $600 million in aggregate principal amount of 7.375% Senior Notes due 2032 (the “Notes”). The Notes were guaranteed by certain subsidiaries of Howard Energy. The Notes mature on July 15, 2032 and were issued at par. Howard Energy used the net proceeds from the Offering, together with existing corporate liquidity, to (i) fund the purchase (the “Tender Offer”) of its outstanding 6.75% Senior Notes due 2027 (the “2027 Notes”) validly tendered and accepted for purchase pursuant to the concurrent Tender Offer, (ii) fund, if 10% or less of the principal amount of the 2027 Notes remain outstanding following the Tender Offer, the redemption of such 2027 Notes in accordance with the indenture governing the 2027 Notes, or, if more than 10% of the principal amount of the 2027 Notes remain outstanding following the Tender Offer, the satisfaction and discharge of the indenture governing the 2027 Notes, in accordance with the provisions thereof, by depositing sufficient cash or government securities or a combination thereof, with the trustee to redeem any outstanding 2027 Notes at a price as set forth in such indenture on January 15, 2025 (the “Redemption”), (iii) fund the repayment of outstanding borrowings under its revolving credit facility and (iv) pay the premiums, fees and expenses incurred in connection with the Offering, the Tender Offer and the Redemption. 
  • Represented the initial purchasers in in Vital Energy, Inc.’s (Vital Energy’s) upsized private placement under Rule 144A and Regulation S of the Securities Act of $800 million in aggregate principal amount of 7.875% Senior Notes due 2032. As part of such refinancing, represented BofA Securities, as the sole Dealer Manager, in connection with Vital Energy’s cash tenders offers of up to (i) $475 million aggregate principal amount of its outstanding 10.125% Senior Notes due 2028 and (ii) $197,636,000 million aggregate principal amount of its outstanding 9.750% Senior Notes due 2030
  • Represented the initial purchasers in in Vital Energy, Inc.’s (“Vital Energy”) upsized private placement under Rule 144A and Regulation S of the Securities Act of $200 million in aggregate principal amount of additional 7.875% Senior Notes due 2032 (the “notes”).  The notes were issued under the same indenture as the $800 million in aggregate principal amount of 7.875% Senior Notes due 2032 that Vital Energy issued on March 28, 2024, and are treated as a single class of debt securities with the same terms, other than the offering price.
  • Represented Helix Energy Solutions Group, Inc. (NYSE: HLX) (“Helix”) in its offering of $300 million aggregate principal amount of 9.750% Senior Notes due 2029
  • Represented Stifel, Nicolaus & Company and Raymond James & Associates, Inc., in the Initial Public Offering of 10,000,000 common units representing limited partner interests in Mach Natural Resources LP
  • Represented Sunnova Energy Corporation (“SEC”), a wholly owned subsidiary of Sunnova Energy International Inc. (“Sunnova”) in the offering of $400 million aggregate principal amount of green 11.750% Senior Notes due 2028
  • Represented Wells Fargo Securities, BofA Securities, Mizuho and Truist Securities are acting as active joint book-running managers in Vital Energy, Inc.’s offering of $400 million in aggregate principal amount of 10.125% senior unsecured notes due 2028 and $500 million in aggregate principal amount of 9.750% senior unsecured notes due 2030 in an upsized registered underwritten offering for a total of $900 million
  • Represented BofA Securities, Citigroup and Wells Fargo Securities, LLC as joint book-running managers in Vital Energy, Inc.’s upsized underwritten public offering of 2,750,000 shares of its common stock for total gross proceeds (before underwriters’ fees and estimated expenses) of approximately $148.5 million
  • Represented Sunnova Energy International Inc. in its underwritten offering of 5,865,000 shares of common stock for $82.2 million in proceeds
  • Represented the special committee of the board of directors of Atlas Energy Solutions Inc. in a reorganization transaction eliminating its Up-C corporate structure and transitioning to a single class of common stock
  • Represented the initial purchasers in Howard Midstream Energy Partner's $550 Million Private Offering of 8.875% Senior Notes due 2028
  • Represented Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated, Janney Montgomery Scott LLC and Capital One Securities, Inc. in the Initial Public Offering of 5,750,000 common units representing limited partner interests in TXO Energy Partners, L.P.
  • Represented the Initial Purchasers in Crestwood Midstream Partners LP’s $600 million in aggregate principal amount of its 7.375% unsecured Senior Notes due 2031 in a private offering
  • Represented J.P. Morgan, as sole book-running manager in the underwritten block trade of 7,500,000 shares of Class A Common Stock of Magnolia Oil & Gas Corporation (NYSE: MGY) by certain Affiliates of EnerVest, Ltd.
  • Represented Citigroup Global Markets Inc. in underwritten secondary offering by certain subsidiaries of Chord Energy Corporation (NASDAQ: CHRD) (f/k/a Oasis Petroleum Inc.) (the “Selling Unitholders”) of an aggregate of 11,400,000 common units representing limited partner interests of Crestwood Equity Partners LP resulting in total gross proceeds to the Selling Unitholders of approximately $306.7 million
  • Represented Sunnova Energy International Inc. in its offering of $500 million aggregate principal amount of 2.625% convertible senior notes due 2028
  • Represented Imperial Capital as financial advisor to CENAQ Energy Corp. in its initial business combination with Bluescape Clean Fuels, LLC forming a new publicly traded company positioned to be a leading supplier of gasoline derived from renewable feedstocks to be called Verde Clean Fuels, Inc.
  • Represented Stephens Inc. as financial advisor to Executive Network Partnering Corporation in its initial business combination with Grey Rock Investment Partners forming a new publicly traded upstream company, Granite Ridge Resources, Inc.
  • Represented Morgan Stanley in the underwritten block trade of 7,500,000 shares of Class A Common Stock of Magnolia Oil & Gas Corporation (NYSE: MGY) by certain Affiliates of EnerVest, Ltd.
  • Represented Citigroup Global Markets, Inc. in the underwritten block trade of 7,500,000 shares of Magnolia Oil & Gas Corporation (NYSE: MGY) by certain Affiliates of EnerVest, Ltd.
  • Represented SHUAA Partners Acquisition Corp I (the “Company”) in its initial public offering of 10,000,000 units, at a price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to search for a target within the technology or tech-enabled financial services (“fintech”) sectors, across the high growth markets of the Middle East, North Africa, and Turkey region (collectively, “MENAT”). The search for a target will be tech-focused and sector-agnostic, allowing the Company to fundamentally leverage new and growing trends within the tech sector and access potential targets that are targeting key areas for change within traditional business sectors in the MENAT region.
  • Represented Citigroup Global Markets Inc., as Sole Book-Running Manager, and JonesTrading Institutional Services LLC, as Co-Manager, in Clean Earth Acquisitions Corp.’s (the "Company") initial public offering of 20,000,000 units at a price of $10.00 per unit. The Company, a special purpose acquisition company ("SPAC"), that plans to pursue a business combination with a business that serves key and evolving segments in the clean energy ecosystem, including carbon, hydrogen, sustainable agriculture, and renewable energy. Additional areas of focus will be energy storage, distributed electrical grid, zero-emission transportation, utilization, low or carbon-free industrial applications and sustainable manufacturing.
  • Represented Transocean Ltd in Nauticus Robotics Inc.’s merger with CleanTech Acquisition Corp., a special purpose acquisition company, and the related PIPE financing
  • Represented the initial purchasers in Howard Midstream Energy Partner's $400 Million Private Offering of 6.75% Senior Notes due 2027
  • Represented Seaport Global Securities LLC in Seaport Calibre Materials Acquisition Corp.'s (the "Company") initial public offering of 13,000,000 units at a price of $10.00 per unit. The Company, a special purpose acquisition company ("SPAC"), intends to seek an initial business combination with a target in the steel, metals and metal processing sector given its officers' and directors' significant experience in that sector.
  • Represented Wells Fargo Securities, LLC, in its capacity as sales agent, in connection with Laredo Petroleum, Inc. 's "at-the-market" offering of aggregate gross proceeds of up to $75 million from sales of its common stock.
  • Represented JP Morgan, Goldman Sachs, Credit Suisse and Jefferies as Initial Purchasers for Beyond Meat 's private offering of $1 Billion aggregate principal amount of 0% Convertible Senior Notes due 2027 offering and related capped call transaction.
  • Represented Mitek Systems, Inc. in its private offering of $135,000,000 aggregate principal amount of 0.750% Convertible Senior Notes due 2026 and the related call spread transactions.
  • Represented BofA Securities, Wells Fargo Securities, BMO Capital Markets, Goldman Sachs & Co. LLC, Barclays and Capital One Securities as joint book-running managers in the offering of $1 billion aggregate principal amount of senior notes by Laredo Petroleum, Inc., an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, primarily in the Permian Basin of West Texas. The offering included $600 million of 9.50% senior notes due 2025 and $400 million of 10.125% senior notes due 2028. As part of such refinancing, represented BofA Securities, as the sole Dealer Manager, in connection with a cash tender offer and consent solicitation by Laredo Petroleum for 5 5/8% senior notes due 2022 and 6 1/4% senior notes due 2023
  • Represented Flexi-Van Leasing, Inc. in connection with the private offering of $300.0 million of its 10.00% Senior Secured Second Lien Notes due 2023
  • Represented BMO Capital Markets Corp., Citigroup Global Markets Inc., Wells Fargo Securities, LLC and Capital One Securities Inc. as joint book-running managers in the private offering of $700 million aggregate principal amount of 7.500% senior notes due 2026 issued by Moss Creek Resources Holdings, Inc., a wholly owned subsidiary of Surge Energy US Holdings Company
  • Represented an affiliate of Paulson & Co. Inc. in its underwritten public offering of 3,322,666 shares of William Lyon Homes (NYSE: WLH) Class A Common Stock
  • Vanguard Natural Resources, LLC in its pre-arranged Chapter 11 bankruptcy case in the S.D. of Texas with respect to asset sales, governance, exit financing and securities law compliance (emerged August 1, 2017)
  • Represented Atlas Resource Partners, L.P., a publicly traded exploration and production master limited partnership, in its Chapter 11 bankruptcy
  • Atlas Growth Partners, L.P. in its $1 billion continuous public offering of common units representing limited partner interests
  • Represented Vanguard Natural Resources, LLC (NASDAQ: VNR) in connection with its exchange of $168.2 million of its existing 7.875% Senior Notes due 2020 for $75.6 million of its newly issued 7.0% Senior Secured Second Lien Notes due 2023
  • Represented CrossAmerica Partners LP (NYSE: CAPL) in a public offering of 4,600,000 common units representing limited partner interests in the CrossAmerica for net proceeds of approximately $159.4 million
  • Upstream master limited partnership in multiple equity and debt offerings including a first of its kind public offering of preferred units by an MLP and a subsequent Series B offering
  • Private company in a novel tender offer and exchange of royalty trust units
  • Multiple engagements representing investment banks and sponsors in initial public offerings of royalty trust units
  • Issuer in the initial public offering of common stock in the general partner of a public master limited partnership
  • Chinese sovereign wealth fund in investment in convertible preferred stock of a public exploration and production company
  • Private oilfield service company in issuance of multiple tranches of senior secured convertible notes and subsequent corporate migration to Brazil including a recapitalization involving significant investment by a Brazilian private equity fund
  • Underwriters in multiple high yield debt offerings by an offshore drilling company including associated tender offers related to the refinancing transactions
  • Offshore driller in an dual tranche offering of secured and unsecured notes
  • Midstream master limited partnership in multiple issuances of senior notes and simultaneous tender offers, and common units; also assisted in a private issuance of public equity (PIPE) transactions
  • Underwriters in the issuance of common units of a shipping MLP in two transactions; the first of which was the first public offering since the company's IPO three years earlier
  • Underwriters in multiple issuances of senior notes pursuant to Rule 144A of a Bermuda-based drilling company
  • Underwriters in the multiple public issuances of the registered senior notes and common equity of a public exploration and production company
  • Public exploration and production company in issuances of senior notes in multiple transactions and issuance of common stock
  • Represented Vanguard Natural Resources, LLC (NASDAQ: VNR) in the negotiation of a definitive Agreement and Plan of Merger to acquire Eagle Rock Energy Partners, L.P. (NASDAQ: EROC) ("Eagle Rock"), in exchange for common units representing limited liability company interests in Vanguard, implying a transaction value of approximately $614 million, including the assumption of Eagle Rock's existing debt
  • Represented the conflicts committee of Crestwood Midstream Partners LP (NYSE: "CMLP") ("Crestwood Midstream") in the negotiation of a definitive agreement to merge Crestwood Midstream and Crestwood Equity Partners LP (NYSE: "CEQP") into a single publicly traded partnership with a consolidated enterprise value of $7.5 billion
  • Represented Vanguard Natural Resources, LLC (Vanguard) in the negotiation of a definitive Purchase Agreement and Plan of Merger to acquire LRR Energy, L.P. and its general partner, LRE GP, LLC (the "General Partner"), in exchange for common units representing limited liability company interests in Vanguard, implying a transaction value of approximately $539 million, including the assumption of LRR Energy's existing debt
  • Represented CST Brands, Inc. (CST) in the purchase of the general partner and the incentive distribution rights of CrossAmerica Partners LP (CAPL) (formerly Lehigh Gas Partners LP) from the Topper Group
  • Commodities trading company's acquisition of the general partner of a publicly traded master limited partnership from a hedge fund
  • Oilfield service company in its acquisition of the land based service business from the portfolio company of a private equity fund
  • Exploration and production company in acquiring leases in the Marcellus shale from a private corporation
  • Oilfield service company acquiring the domestic drilling business from a private equity fund
  • Private oilfield service company in a sale of the Company to a public British service company
  • Midstream publicly traded partnership acquiring another partnership in the midstream sector from a private equity fund
News
See More News
11 September 2024 News Coverage CDT Roundup: 12 Deals, 15 Firms, 164 Lawyers, $20.7B
06 September 2024 News Release Baker Botts Represents the Underwriters in the Public Offering of Mach Natural Resources LP Building and Clouds
06 September 2024 News Release Baker Botts Client Citroniq Chemicals LLC Closes $12 Million Series A Financing Carbon
04 July 2024 News Coverage Plains All American’s $650 Million Senior Notes Offering
02 July 2024 News Coverage CDT Roundup: 14 Deals, 15 Firms, 221 Lawyers, $8.2B
27 June 2024 News Release Baker Botts Advises Initial Purchasers and Dealer Manager in Senior Notes Offering and Cash Tender Offer by Howard Midstream Energy Partners, LLC Skyscrapers
27 June 2024 News Release Baker Botts Represents Raymond James as Sole Underwriter in TXO Partners, L.P.’s $130.0 Million Upsized Offering of Common Units Building and Clouds
25 June 2024 News Coverage CDT 12 Deals, 8 Firms, 106 Lawyers, $5.7B
18 June 2024 News Release Baker Botts Represents Underwriters in Plains All American Public Offering of Senior Notes
24 April 2024 News Coverage Vital Energy’s $200 Million Senior Notes Offering
03 April 2024 News Coverage High-Yield Debt: Global overview
01 April 2024 News Release Baker Botts Advises Initial Purchasers in Senior Notes Offering by Vital Energy, Inc. Skyscrapers
11 September 2024 News Coverage CDT Roundup: 12 Deals, 15 Firms, 164 Lawyers, $20.7B
06 September 2024 News Release Baker Botts Represents the Underwriters in the Public Offering of Mach Natural Resources LP Building and Clouds
06 September 2024 News Release Baker Botts Client Citroniq Chemicals LLC Closes $12 Million Series A Financing Carbon