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Crosby W. Scofield

Crosby W. Scofield Senior Associate, Capital Markets and Mergers & Acquisitions

Crosby’s principal areas of practice include private equity investments, capital markets transactions, mergers and acquisitions and corporate governance. He has assisted clients in connection with registered offerings and private placements of debt and equity securities, public and private acquisitions and divestitures, and corporate governance and other general corporate matters. The following is a list of representative experience in which Crosby has assisted.

Experience Highlights

  • Blackstone Infrastructure Partners in its $3.3 billion acquisition of a controlling interest in Tallgrass Energy 
  • Devon Energy Corp. in the $3.125 billion sale of ownership interests in EnLink Midstream Partners and EnLink Midstream to Global Infrastructure Partners
  • Crestview Partners as lead investors in the $588 million merger of Matlin & Partners Acquisition Corporation and U.S. Well Services, combining into a publicly listed hydraulic fracturing company
  • Ranger Energy Services, Inc. in its $85 million initial public offering of common stock 
  • Liberty Oilfield Services, Inc. in its $249 million initial public offering of common stock 
  • Castlerock Exploration in a line of equity commitment to the company by institutional investors
  • The General Partner of Dominion Midstream Partners in the $1.725 billion acquisition of Questar Pipeline from Dominion Resources 
  • Apollo Global Management in an equity commitment to Resource Energy, an oil and gas production company 
  • SandRidge Energy, Inc. in its buy back and exchange of an aggregate of $525 million of senior notes for cash and $275 million of convertible senior notes
  • Underwriters to 8point3 Energy Partners LP in its $420 million initial public offering of common units 

Private Equity

  • White Deer Energy in its acquisition of Flogistix, an oil and gas optimization company
  • Pine Brook Road Partners in the $300 million line of equity commitment to Red Bluff Resources, a newly-formed energy company focused on oil and gas in the U.S. Mid-Continent and Permian Basins 
  • Double Eagle Energy in the $200 million sale of its non-operated working interests in the SCOOP and STACK resource plays in southern and central Oklahoma to American Energy – NonOp

IPOs and Equity Offerings

  • Vantage Energy Inc. in its initial public offering of common stock (converted to a sale process)
  • MPLX LP in its $1 billion private offering of Series A convertible preferred units 
  • Underwriters to Jones Energy, Inc. in its $188 million initial public offering of common stock
  • Selling Shareholder in the $586 million public offering of common units by Enlink Midstream Partners, LP
  • Underwriters to Susser Petroleum Partners LP in its $426 million public offering of common units 
  • Gastar Exploration, Inc. in its $106 million public offering of common stock
  • Gastar Exploration, Inc. in its $50 million public offering of preferred stock 
  • Eagle Rock Energy Partners, L.P. in its $96 million public offering of common units 

High-Yield and Other Debt Offerings

  • Chevron Phillips Chemical Company LLC in its $1.05 billion investment grade offering of senior notes 
  • N&W Global Vending S.p.A. in its €300 million offering of senior notes and its concurrent €100 million private placement of second lien notes
  • SandRidge Energy, Inc. in its $1.25 billion offering of senior secured notes
  • Underwriters to Jones Energy, Inc. in its $500 million offering of senior notes 
  • Gastar Exploration Inc. in its $200 million offering of senior secured notes

Mergers & Acquisitions

  • Devon Energy Corp. in the $8.84 billion contribution of substantially all of its U.S. midstream business to Crosstex Energy and Crosstex Energy to form a consolidated midstream business controlled by Devon
  • Devon Energy Corp. in the $220 million drop down of the Victoria Express Pipeline System and related assets to EnLink Midstream Partners in exchange for cash and equity
  • Devon Energy Corp. in its $1.9 billion acquisition of the privately held Felix Energy, a portfolio company of EnCap Investments, with underlying assets of 80,000 net surface acres in the Anadarko Basin STACK play
  • Devon Energy Corp. in the $600 million acquisition of 253,000 net acres in the Powder River Basin


Contact Details

Houston

T +1.713.758.3276
F +1.713.615.5484
cscofield@velaw.com
1001 Fannin Street
Suite 2500
Houston, TX 77002
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Crosby's Practices

  • Harvard Law School, J.D., 2012 (Harvard Business Law Review)
  • Texas A&M University, B.B.A., Finance summa cum laude, 2009 (Gathright Scholar Award recipient for top student at Mays Business School)
  • Admitted to practice: Texas
    • Selected to the Texas Rising Stars list, Super Lawyers (Thomson Reuters), 2018 and 2019
    • Mays Business School Dean’s Advisory Board
    • Parade Committee: Houston Livestock Show and Rodeo