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 represents issuers and underwriters on capital markets transactions involving oil exploration and production companies, midstream companies, oil field service (OFS) companies and other energy, power and infrastructure-related businesses. His capital markets experience also extends to other sectors including biotechnology, medical devices, chemicals, and construction.
Over the course of his thirty-year
career, David has participated in more than one energy industry transformation. 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.
He considers himself
fortunate to have participated in the emergence of a new independent midstream
and infrastructure industry in the U.S. This development was but a prelude to
an even more significant reshaping of the national and international energy
landscape. 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, LNG and OFS businesses launched in its wake.
David continues to counsel clients after completing
their IPOs. He 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.
In April 2019, David was
inducted into the Alerian Hall of Fame, together with Kelcy Warren, Raymond
Plank and David Fleischer, in recognition of his work in the U.S. midstream and
infrastructure industry over three decades. In addition, Chambers USA 2019 ranked David a national "Band 1" capital markets lawyer
and cited V&E as one of the country’s top law firms representing issuers in
equity capital markets transactions. Chambers noted that David is "highly regarded by his clients," and praised him for his "highly engaging intellect," his "impressive mastery of the subject matter," and his "great judgment and work ethic."
David is a
sixth-generation lawyer in Harris County, Texas. He was drawn to capital markets because he enjoys
the collaborative nature of deal-driven practice, particularly when working
with clients over the long term to build their businesses.
A Phi Beta Kappa
graduate of Princeton University’s Woodrow Wilson School and a member of Chancellors
at the University of Texas School of Law, David received a MacArthur Foundation
Grant to work for the U.S. House of Representatives budget committee during the
creation of the Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control
Act of 1985. His public policy
involvement continues through industry-related initiatives involving the
Securities and Exchange Commission, the U.S. Department of Treasury and the
Federal Energy Regulatory Commission.
David is a
member of the board of directors of the Energy Infrastructure Council (formerly
the Master Limited Partnership Association.) He is a former longtime trustee and alumnus of
The Kinkaid School, and he is the former general counsel of Theatre Under the
Stars, a non-profit musical
theatre production company in Houston.