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Crawford Moorefield
Of Counsel
Overview
Crawford Moorefield provides clients with legal counsel in how to structure complex business transactions for corporations, partnerships, limited liability companies, and other business entities. He makes sure all transactions keep in mind all applicable federal income taxation considerations.
Crawford has extensive experience in complex business restructurings, including those involving distressed corporations and partnerships, as well as matters related to complex debt and equity instruments. He also structures tax-advantaged asset monetizations, including publicly traded partnerships, royalty trusts, real estate investment trusts and other tax-deferred asset disposition strategies, and assists with restructurings in acquisition, divestiture, monetization, and restructuring of regulated power generation assets.
Other significant portions of Crawford’s practice involve taxation of oil and gas, timber and real estate investments, and financial derivatives. He has written and lectured on partnerships, bankruptcy, and real estate taxation.
Credentials
Education
- Harvard Law School, 1987 (J.D.)
- Princeton University, 1984 (A.B.), cum laude
- Represented a large publicly traded energy company in structuring and negotiating acquisition of over $4 billion in power generation assets from private equity fund in tax-free transaction.
- Represented a large publicly traded E&P company in issuance of over $6 billion of debt, including floating rate and zero coupon debt instruments.
- Represented a large private equity fund in $350 million acquisition of water and wastewater services subsidiary of non-U.S. holding company.
- Disposition of a closely held coastwise transportation company to midstream master limited partnership (MLP):
- A large public midstream (MLP) in numerous public offerings of common units aggregating $176 million; a private placement of $170 million of preferred units; a $500 million universal shelf offering; a $600 million revolving credit facility; a $95 million project financing; a $250 million 144A debt offering and A/B exchange; the acquisition of a gas pipeline and separation facilities company for approximately $25 million a gas storage company for $170 million, an NGL processing and fractionation business for $135 million, 50% of an offshore pipeline joint venture for $85 million and a natural gas processing plant for $200 million; and the disposition of offshore pipelines for $192 million.
- A large public midstream in a $7 billion merger with another large publicly traded partnership.
- An independent public E&P company in connection with a $107 million merger with another public E&P company.
- A midsize public exploration and production company in its $200 million public merger and resulting $125 million high-yield financing.
- One of the country’s leading marketers of energy products and services in its $7.5 billion strategic combination with an energy services holding company.
- A large private equity fund in its acquisition and restructuring of over $500 million in power generation assets, including negotiation of equity participation by foreign tax-exempt investors.
- The private equity investors in a $200 million recapitalization of a refined products pipeline, including equity participation by a large foreign pension fund.
- Represented a large publicly traded fast food company in IPO and subsequent spinoff of major subsidiary as well as public self tender for its stock.
- Represented a several large publicly traded energy companies in tender offers and consent solicitations with respect to widely held debt instruments and preferred stock.
- Represented an underwriter in a number of ‘public-style’ private placements, including an offering for an E&P publicly traded partnership.
- Represented owners, management and private equity funds in numerous oil and gas partnership investments.
- Represented a private equity fund in structuring and negotiating investment in filmed entertainment assets.
- Represented an underwriter in structuring and executing ‘basis step-up’ public-style private placement for E&P assets of financially troubled energy company.
- Represented a private equity fund in acquisition and disposition of numerous interests in power project partnerships.
- Advised several publicly traded partnerships and potential sponsors of publicly traded partnerships on complex structuring and qualifying income issues.
- Represented owners, management and private equity funds in numerous oil and gas partnership investments.
- Represented a large U.S.-based refinery owned by non-U.S. holding company in substantial revisions to ownership structure of its refining, marketing and trading operations to facilitate substantial investment by foreign integrated oil company and continuing compliance with existing advance pricing arrangements with IRS.
- Houston Arboretum and Nature Center, Trustee; Former President
- Best Lawyers in America, 2021-2024
- Texas Super Lawyers, 2007-2009
- Martindale-Hubbell, AV Rated
- “The CARES Act: What’s in it for You and Your Taxes? Key changes to the Tax Code after COVID-19,” April 22, 2020
- “Oil & Gas Tax Law,” State Bar of Texas’ Tax Law in a Day, February 2017
- “Oil & Gas Tax Law,” State Bar of Texas’ Tax Law in a Day, February 2016
- “Oil & Gas Issues in the Eagle Ford Shale Play,” Texas Society of CPAs – Corpus Christi’s Annual Tax Conference, February 2013
- “Eagle Ford Shale: Legal & Tax Issues,” San Antonio CPA Symposium, September 2012