Darrell W. Taylor

Principal

Biography

Darrell Taylor is a Principal in the Houston office of Cokinos | Young, where he is a member of the Corporate & Real Estate Transactions practice group.

After practicing for more than twenty-five years, Darrell has an extensive history of supervising and documenting a multitude of transactional matters for large public companies as well as smaller private ventures. His areas of expertise are:

  • Mergers, acquisitions, divestitures, investments
  • Debt and equity financings
  • Contract and commercial matters
  • Corporate governance and Board of Directors matters

Education

  • University of Texas School of Law – J.D., with honors
  • University of Texas at Austin – B.B.A Finance, with honors

Recognitions & Distinctions

  • Best Lawyers in America 2008 – 2023: Corporate Law & Real Estate Law

Major Accomplishments

Halliburton:  Acted as lead securities and financing lawyer for a series of related transactions for Halliburton, including debt and equity financings of over $3 billion to fund asbestos trusts for subsidiaries in Chapter 11 proceedings; followed by separation of KBR engineering, procurement and construction business and related subsidiaries; and KBR’s subsequent $2.4 billion initial public offering and tax-free split-off to shareholders.

Pennzoil:  Supervised the legal representation of Pennzoil Company in reinvestment of $3 billion litigation settlement, including $215 million acquisition of Co-Enerco, $440 million investment in Burlington Resources, and $2.1 billion investment in Chevron; followed by

  • $1.5 billion acquisition of oil and gas properties from Chevron
  • separation of Pennzoil upstream oil and gas business into PennzEnergy and subsequent $4.7 billion merger with Devon
  • going public transaction and $1.6 billion combination of Quaker State and Pennzoil downstream business to form Pennzoil-Quaker State and subsequent $1.8 billion divestiture to Shell Oil

Representative Experience

Served a lead M&A counsel for:

  • Lyondell Chemical in its $13 billion acquisition by Access Industries
  • Halliburton in its $2.4 billion IPO and split-off to its stockholders of its KBR subsidiary
  • Pennzoil Products in its $1.6 billion combination with Quaker State
  • PennzEnergy in its $4.7 billion merger with Devon
  • Pennzoil-Quaker State in its $1.8 billion acquisition by Shell Oil
  • BP in its sale of Altura oil and gas properties and assets to Occidental Petroleum for $1.8 billion
  • Pennzoil in its $2.1 billion investment in Chevron
  • Pennzoil in its $1.5 billion acquisition of oil and gas properties from Chevron
  • Pennzoil in its $440 million investment in Burlington Resources
  • Pennzoil in its $250 million acquisition of Facet Enterprises
  • Purolator Products in its $250 million acquisition by Mark IV Industries

Served as supervising debt and equity financing counsel for:

  • Halliburton – equity and debt issuances and debt exchanges in multiple offerings of over $4 billion
  • Pennzoil – equity and debt issuances and debt exchanges in multiple offerings of over $4 billion
  • Pennzoil-Quaker State – debt issuances in multiple offerings of over $1 billion
  • Equistar Chemical – debt issuances in multiple offerings of over $2 billion
  • Lyondell Chemical – debt issuances in multiple offerings of over $3 billion
  • LyondellBasell Industries – debt issuance of $2.7 billion
  • Millennium Chemical – debt exchanges of over $500 million

Served as a supervising compliance and SEC counsel for:

  • KBR
  • Halliburton
  • Hydril
  • Pennzoil
  • Pennzoil-Quaker State
  • PennzEnergy
  • Purolator Products
  • Lyondell Chemical
  • LyondellBasell Industries
  • Group 1 Automotive

Served as supervising counsel on IPOs and going public transactions for:

  • LyondellBasell Industries N.V.
  • KBR
  • Lehman Brothers as lead underwriter – W&T Offshore, Inc.
  • Lehman Brothers as lead underwriter – ATP Oil & Gas Corporation
  • Merrill Lynch as lead underwriter – Energy Partners, Ltd.
  • Hydril Company
  • Equistar Chemical
  • Pennzoil-Quaker State
  • Cornell Companies
  • Purolator Products