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Sarah K. Morgan
Sarah K. Morgan
Partner — Capital Markets and Mergers & Acquisitions
Partner — Capital Markets and Mergers & Acquisitions

Sarah K. Morgan

Sarah K. Morgan
Houston

1001 Fannin Street
Suite 2500
Houston, TX 77002

start quote symbolOne of the things I like best about my work is that I get to be deeply involved in my clients’ businesses. I like developing close relationships with my clients and then working with them to find creative and efficient ways to help them grow their businesses and achieve their goals.end quote symbol
Sarah K. Morgan

Sarah Morgan is an experienced securities lawyer who focuses on capital-raising transactions for clients in the energy industry and other sectors. Sarah represents public companies, private companies, investment banks, management teams and private equity in all forms of capital-raising transactions, including IPOs, registered offerings of debt and equity securities, private placements of debt and equity securities, preferred equity investments, at-the-market continuous offering programs (ATMs), tender offers, exchange offers and private debt exchanges. She advises clients, including public companies and their boards of directors, on securities disclosure, corporate governance and compliance matters and ESG matters.

She also advises companies and private equity funds concerning mergers, acquisitions, disposition and separation transactions, including significant experience regarding combinations with Special Purpose Acquisition Companies (SPACs) and spin-off transactions.

A highly skilled practitioner, Sarah has extensive knowledge of securities law and has been recognized by Legal 500 US, and she has been named a Texas Rising Star by Super Lawyers. She was also selected to be included in the BTI Client Service All-Stars list.

In addition to her client work Sarah serves on the firm’s partnership admissions committee and serves as a sponsor member of the Houston chapter of WCD (Women Corporate Directors). She also serves on the board of directors of the Boys & Girls Club of Greater Houston.

Experience Highlights

  • Rice Acquisition Corp., a special purpose acquisition company, in its $215 million initial public offering of units

  • HighPeak Energy Partners, LP and its affiliates (the “HighPeak Funds”) in a $900 million SPAC business combination with Pure Acquisition Corp.

  • Berry Corporation in its $183 million initial public offering of common stock

  • Venator Materials PLC in its $522 million initial public offering of ordinary shares by a selling shareholder and separation from Huntsman Corporation

  • A large international energy company in its $1.5 billion investment grade offering of senior notes 

  • Spark Energy Inc. in its $54 million initial public offering of common stock

  • Underwriters to Tallgrass Energy Partners, LP in its $430 million offering of senior notes

  • TPG in its $2.66 billion acquisition of assets from EnerVest in a SPAC business combination

  • A large international energy company in the spin-off of its California oil and gas business into an independent and separately traded company

  • Berry Corporation in its $183 million initial public offering of common stock

  • Nine Energy Service, Inc. in its $185 million initial public offering of common stock

  • Quintana Energy Services Inc. in its $96 million initial public offering of common stock

  • Covey Park Energy LLC in its $225 million private placement of Series A preferred units to fund in part Covey Park’s acquisition of properties in the Haynesville Shale from Chesapeake Energy Corporation 

  • BP Midstream Partners LP in its $765 million initial public offering of common units 

  • Venator Materials PLC in its $522 million initial public offering of ordinary shares by a selling shareholder and separation from Huntsman Corporation

  • Underwriters to Tallgrass Energy GP, LP in its $1.4 billion initial public offering of common units

  • Spark Energy Inc. in its $54 million initial public offering of common stock

  • Underwriters to USD Partners LP in its $155 million initial public offering of common units

  • Underwriters to Tallgrass Energy Partners, LP in its $314 million initial public offering of common units

  • Susser Petroleum Partners LP in its $224 million initial public offering of common units

  • Forum Energy Technologies, Inc. in its $436 million initial public offering of common stock

  • Pacific Drilling S.A. in its $57 million initial public offering of common stock

  • QR Energy, LP in its $355 million initial public offering of common units

  • Underwriters to Tallgrass Energy Partners, LP in its $430 million offering of senior notes

  • Underwriters to Rockies Express Pipeline LLC in its $750 million offering of senior notes

  • Magnolia Oil & Gas Operating LLC in a $400 million unsecured notes offering

  • Underwriters to Rockies Express in its $550 million offering of senior notes

  • Underwriters to Sunoco LP in its $600 million offering of senior notes 

  • Underwriters to Tallgrass Energy Partners, LP in its $500 million offering of senior notes 

  • A large international energy company in its $1.5 billion investment grade offering of senior notes 

  • Covey Park Energy LLC in its $175 million offering of senior notes

  • Covey Park Energy LLC in its $450 million offering of senior notes 

  • Berry Petroleum Company, LLC in its $400 million offering of senior notes 

  • California Resources Corporation in its $5 billion offering of senior notes

  • Blue Racer Midstream, LLC in its $300 million offering of senior notes

  • Nexeo Solutions, Inc in its $175 million offering of senior notes 

  • Sale of $400 million convenience store business to a large convenience store chain

  • TPG in its $2.66 billion acquisition of assets from EnerVest in a SPAC business combination

  • KLR Energy Acquisition Corp. in the $445 million combination with Tema Oil and Gas Company to form Rosehill Resources in a SPAC business combination

  • Nexeo Solutions, a chemicals and plastics distributor and TPG Capital portfolio company, in its $1.575 billion merger with WL Ross Holdings Corp. in a SPAC business combination

  • A large international energy company in the spin-off of its California oil and gas business into an independent and separately traded company

  • Energy XXI in its $2.3 billion acquisition of EPL Oil & Gas, Inc., creating the largest publicly traded independent oil and gas producer on the Gulf of Mexico Shelf

  • AIM Midstream Holdings in the $50 million sale of 90% of its ownership interest in the general partner of American Midstream Partners and 100% of its subordinated units of American Midstream Partners to High Point Infrastructure Partners

  • Caiman Energy II in the $1.5 billion joint venture with Dominion to provide midstream services to natural gas producers operating in the Utica shale

  • Caiman Energy in the $2.5 billion sale of Caiman Eastern Midstream, LLC, a gas and liquids processing company focused in the Marcellus Shale, to Williams Partners

  • Frontier Drilling in the $2.16 billion merger of the independent drilling company with Noble Corporation, an offshore drilling contractor

Credentials

  • University of Virginia School of Law, J.D., 2004 (Articles Development Editor, Virginia Journal of Law and Politics, 2003–2004)
  • Rice University, B.A., 2001
  • Legal 500 U.S., Capital Markets: High-Yield Debt Offerings, 2016
  • Selected to the Texas Rising Stars list, Super Lawyers (Thomson Reuters), 2010–2012, 2014–2019
  • Selected to the BTI Client Service All-Stars list, 2016
  • Member: Houston Bar Association; Houston Young Lawyers Association
  • Texas
  • “The Gatekeepers’ Course: Navigating Evolving Trends in Corporate Governance and Compliance,” V&E Houston Office, June 12, 2019 (speaker)
  • “The Gatekeepers’ Course: Navigating Evolving Trends in Corporate Governance and Compliance,” V&E Dallas Office, June 5, 2019 (speaker)
  • “The Gatekeepers’ Course: Navigating Evolving Trends in Corporate Governance and Compliance,” V&E Austin Office, May 28, 2019 (speaker)
  • “Kayo Womens Energy Summit,” April 16, 2019 (speaker)
  • “Building and Overseeing Effective Compliance and Corporate Governance,” January 30, 2019 (speaker)
  • “2018 Kayo Women’s Energy & Resources Summit,” June 13, 2018 (speaker)
  • “Energy Series CLE: MLP 101: Market Trends and Updates,” V&E Houston Office, October 17, 2017 (speaker)
  • “E&P: M&A and Opportunities for Investment,” 2017 Kayo Women’s Energy Investment Conference, June 12, 2017
  • “Financing the Industry: Current Trends and Considerations,” Women’s Energy Network National Conference, April 26-28, 2017 (moderator)
  • “Alternative Capital: 144A Equity Offerings and Special Purpose Acquisition Companies,” V&E Houston Office, February 22, 2017 (speaker)
  • “Preparing for an IPO: Market Update, Process and Timeline,” V&E’s Houston Office, November 9, 2016 (speaker)
  • “Thoughts for Officers and Directors of E&P Companies and MLPs in 2016,” V&E website, January 19, 2016 (co-author)