Baker Botts L.L.P. has expertise in all facets of federal income tax considerations facing both foreign and domestic corporations, routinely providing clients with tax advice in connection with M&A and capital market transactions. The firm has a notably strong energy tax practice often structuring and solving complex tax issues for upstream oil and gain transactions, midstream transactions, MLP, LNG projects, and electric transmission and distribution projects. The tax team is co-headed by Steve Marcus and Derek Green. Green advises international oil and gas companies, oil field services companies, and offshore drilling companies on US federal income tax matters in relation to cross-border transactions, mergers and acquisitions, and international joint ventures. Jon Lobb provides tax planning advice to clients in connection with cross-border investments and transactions, including intercompany restructurings and domestic and international energy projects. Katie McEvilly’s practice focuses on tax-efficient structures for domestic and international M&A, joint ventures, separations, restructurings, and other reorganizations.

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Key clients

  • Transocean Ltd.
  • Liberty Latin America
  • Hoegh LNG Partners, LP
  • Seadrill Ltd.
  • BP America Inc.

Work highlights

  • Advised Seadrill Limited in the $958 million acquisition of Aquadrill LLC.
  • Advised Liberty Latin America Ltd. and América Móvil S.A.B. de C.V on an agreement to combine their respective Chilean operations, VTR and Claro Chile, to form a 50/50 joint venture.
  • Advised Transocean in the $486 million buyout of a Joint Venture formed to acquire Deepwater Drillship.

Practice head

The lawyer(s) leading their teams.

Steve Marcus, Derek Green

Other key lawyers

Jon Lobb, Katie McEvilly