Ieuan Adrian List
Partner
Capital Markets
Overview
Ieuan is a corporate partner in the Austin office of Kirkland & Ellis LLP. His practice concentrates on capital markets transactions, corporate governance and securities law compliance. He regularly represents issuers or underwriters in connection with initial public offerings, high yield and investment grade notes offerings, debt exchanges and tender offers, follow-on equity offerings, preferred unit offerings and “at-the-market” programs, particularly in the upstream, midstream and oil field services sectors. He also has experience representing public and private companies in connection with mergers and acquisitions.
Experience
Representative Matters
Since joining Kirkland, Ieuan has represented:
- ONEOK, Inc. (NYSE: OKE) in its $2.6 billion acquisition of Global Infrastructure Partners’ equity interests in Medallion Midstream.
- ONEOK, Inc. (NYSE: OKE) in its $3.3 billion acquisition of Global Infrastructure Partners’ entire interest in EnLink Midstream, LLC (NYSE: ENLC).
- ONEOK, Inc. (NYSE: OKE) in connection with its offering of $7 billion of senior notes.
- Helmerich & Payne, Inc. (NYSE: HP) in connection with its offering of $1.25 billion of senior notes.
- Arcosa, Inc. (NYSE: ACA) in its $1.2 billion acquisition of Stavola, an aggregates-led and vertically integrated construction materials company.
- NorthRiver Midstream Finance LP, a portfolio company of Brookfield Asset Management, in connection with its offering of $525 million of 6.750% senior secured notes due 2032 and concurrent tender offer of its outstanding notes.
- Civitas Resources (NYSE: CIVI) in connection with an underwritten secondary offering of 6,956,520 shares of its common stock.
- Delek Logistics Partners, LP (NYSE: DKL) and its subsidiary Delek Logistics Finance Corp. in the offering of $200 million 8.625% senior notes due 2029.
- Genesee & Wyoming Inc., a portfolio company of Brookfield Asset Management, in connection with its offering of $700 million of senior secured notes.
- Talos Production Inc., a wholly owned subsidiary of Talos Energy Inc. (NYSE: TALO), in connection with its upsized offering of $1.25 billion of second-priority senior secured notes.
- Permian Resources Corporation (NYSE: PR) in its $4.5 billion all-stock acquisition of Earthstone Energy, Inc. (NYSE: ESTE).
- Northern Oil and Gas, Inc. (NYSE: NOG) in connection with its follow-on offering of 6.5 million shares of its common stock for gross proceeds of $252.7 million.
- Civitas Resources (NYSE: CIVI) in its approximate $2.1 billion agreement with Vencer Energy, a Vitol investment, to acquire oil producing assets in the Midland Basin of West Texas.
- Tall City Property Holdings III, a portfolio company of Warburg Pincus LLC, in the sale of its Delaware Basin assets to Vital Energy (NYSE: VTLE) for $285 million in cash and 1.58 million common shares.
- Earthstone Energy, Inc. (NYSE: ESTE) in its $500 million offering of 9.875% senior unsecured notes.
- Northern Oil and Gas, Inc. (NYSE: NOG) in connection with its follow-on offering of 7,647,500 shares of its common stock for gross proceeds of $229.4 million.
- Northern Oil and Gas, Inc. (NYSE: NOG) in its private placement of $500 million of new 8.750% senior notes due 2031.
- Ascent Resources in its $212 million issuance of additional 8.250% senior notes due 2028.
- Noble Finance II LLC, a wholly owned subsidiary of Noble Corporation plc (NYSE: NE), in its 144A/Reg S offering of $600 million of senior unsecured notes.
- Bristol Myers Squibb (NYSE: BMY) in its $6 billion public offering of senior unsecured notes and concurrent tender offer for several series of its outstanding notes.
- Warburg Pincus and Chisholm Energy Holdings LLC in Chisholm’s $604 million divestiture of its Northern Delaware Basin assets to Earthstone Energy, Inc. (NYSE: ESTE).
- Northern Oil and Gas, Inc. (NYSE: NOG) in connection with its combined primary and secondary underwritten follow-on offering of an aggregate 10,000,000 shares of common stock for gross proceeds to the company of $190 million.
- Northern Oil and Gas, Inc. (NYSE: NOG) in connection with its add-on offering of $200 million aggregate principal amount of additional 8.125% Senior Notes due 2028.
- Talos Energy Inc. (NYSE: TALO) in connection with an underwritten secondary offering of 6,000,000 shares of its common stock.
- Alta Resources in the $2.925 billion sale of its upstream and midstream subsidiaries to EQT Corp for cash and stock consideration.
- Shelter Acquisition Corporation I, a special purpose acquisition company, in its $200 million initial public offering.
- Talos Energy Inc. (NYSE: TALO) in connection with an underwritten secondary offering of 5,000,000 shares of its common stock.
- Corner Growth Acquisition Corp. 2, a special purpose acquisition company, in its $185 million initial public offering.
- Northern Oil and Gas, Inc. (NYSE: NOG) in connection with its follow-on offering of 5,750,000 shares of its common stock for gross proceeds of $100.6 million.
- FinServ Acquisition Corp., a special purpose acquisition company, in its $1 billion business combination with Katapult Holding, Inc.
- Ascent Resources Utica Holdings, LLC in its offering of $400 million of its new 5.875% senior notes due 2029.
- Delek Logistics Partners, LP (NYSE: DKL) and Delek Logistics Finance Corp., a subsidiary of Delek Logistics, in a $400 million offering of senior notes.
- Star Peak Corp II (NYSE: STPC), a special purpose acquisition company, on its $1.35 billion business combination with Benson Hill, Inc., a sustainable food technology company.
- Corner Growth Acquisition Corp., a special purpose acquisition company sponsored by an affiliate of Corner Ventures and focusing on target businesses in the technology industry, in its upsized $400 million initial public offering.
- Northern Oil and Gas, Inc. in its public offering of 14,375,000 shares of common stock and a private placement of $550 million of new 8.125% senior notes due 2028 in connection with its acquisition of certain non-operated natural gas assets in the Appalachian Basin from a subsidiary of Reliance Industries Ltd.
- Northern Oil and Gas, Inc. in its tender offer for any and all of its outstanding 8.50% senior secured second lien notes due 2023 and related consent solicitation.
- Talos Production Inc., a wholly owned subsidiary of Talos Energy Inc. (NYSE: TALO), in connection with its upsized add-on offering of $150 million of additional 12.00% Second-Priority Senior Secured Notes due 2026.
- Talos Production Inc., a wholly owned subsidiary of Talos Energy Inc. (NYSE: TALO), in connection with its upsized offering of $500 million of its new 12.00% Second-Priority Senior Secured Notes due 2026.
- Talos Energy Inc. (NYSE: TALO) in connection with its follow-on offering of 8,250,000 shares of its common stock for gross proceeds of $73 million.
- Ascent Resources Utica Holdings, LLC in connection with its offering of 300,000,000 of its new 8.250% senior notes due 2028.
- Ascent Resources Utica Holdings, LLC in its exchange of approximately $856.7 million of existing senior unsecured notes for approximately $537.8 million of new second lien term loans and $339.7 million of new senior unsecured notes.
- Certain affiliates of The Energy & Minerals Group, First Reserve Management, L.P. and Riverstone Holdings LLC in their modified "Dutch Auction" tender offer for a portion of Ascent Resources Utica Holdings, LLC's and ARU Finance Corporation's outstanding 9.00% Senior Notes due 2027.
- Penn Virginia Corporation (NASDAQ:PVAC) in Juniper Capital Advisors, L.P.’s $188 million strategic investment in the company, including $150 million of cash and certain oil and gas assets, in exchange for 59 percent of Penn Virginia’s equity.
Prior to joining Kirkland, Ieuan represented:
- The initial purchasers or underwriters in the following transactions for an NYSE-listed multinational energy transportation company:
- $1.5 billion aggregate offering of three series of senior notes by its interstate pipeline joint venture;
- $1.0 billion underwritten public offering of fixed-to-fixed rate subordinated notes; and
- $750 million underwritten public offering of floating rate senior notes.
- Transocean Ltd. in four separate offerings of senior secured notes by certain of its wholly owned subsidiaries, in an aggregate amount of $2.375 billion.
- Valero Energy Corporation in its $1.5 billion underwritten public offering of two series of senior notes.
- Affiliates of McDermott International, Inc. in its $1.3 billion offering of senior notes in connection with the financing of the company's acquisition of Chicago Bridge & Iron Company N.V.
- Halliburton Company in its tender offers for up to $1.5 billion of three series of outstanding senior notes, and the company's concurrent $1.0 billion underwritten public offering of senior notes.
- The underwriters in the $503 million upsized initial public offering of Class A common stock of Cactus, Inc.
- Helix Energy Solutions Group, Inc. in the following underwritten public offerings:
- $200 million offering of convertible senior notes and concurrent privately negotiated capped call transactions and repurchases of two series of outstanding convertible notes; and
- $125 million offering of convertible senior notes and concurrent offer to purchase, and subsequent redemption of, a series of outstanding convertible notes.
- Sunnova Energy Corporation in its $263 million of asset-backed securities collateralized by a pool of distributed generation solar assets.
- The dealer managers in a five-day tender offer for $375 million of outstanding senior notes of Global Partners LP, and represented the initial purchasers in the partnership's concurrent $400 million offering of senior notes.
- Cactus, Inc. in the following underwritten public offerings:
- $372 million primary offering of Class A common stock; and
- $308 million secondary offering of Class A common stock.
- Delek Logistics Partners, LP in its $250 million offering of senior notes and subsequent A/B exchange for registered notes.
- The underwriters in a bought deal involving a competitive bidding process for a $117 million secondary variable price re-offer of Class A common stock of Liberty Oilfield Services Inc.
- The initial purchasers and placement agents in a $115 million offering and 4(a)(2) private placement of convertible Class A-1 common stock of GlobeLTR Energy Inc. in connection with the merger of Globe Energy Services, LLC and Light Tower Rentals, Inc.
- Parker Drilling Company in its $75 million concurrent public offerings of common stock and mandatory convertible preferred stock.
- The underwriters in a $114 million underwritten public offering of common units of Westlake Chemical Partners LP.
- AT&T Inc. in its $1.1 billion cross-border carve out sale of its data center colocation operations and assets to Brookfield Asset Management Inc.
- Innophos Holdings, Inc. in the following transactions:
- Take-private sale to an affiliate of One Rock Capital Partners for approximately $1.0 billion;
- Acquisition of Novel Ingredients for $125 million; and
- Acquisition of Nutragenesis for $28 million.
- Rockwater Energy Solutions, Inc. in its $1.3 billion stock-for-stock merger with Select Energy Services, Inc.
- Valero Energy Corporation in its $950 million cash merger with its publicly traded MLP, Valero Energy Partners LP, in a 13e-3 going private transaction.
- Naphtha Israel Petroleum Corporation Ltd. in its $330 million cash acquisition of Isramco, Inc. in a 13e-3 going private transaction.
- Delek US Holdings, Inc. in the following transactions:
- Simplification transaction with Delek Logistics Partners, LP, its publicly traded MLP, exchanging the incentive distribution rights and economic general partner interest in DKL for consideration of approximately $530 million, comprised of cash and common units of DKL;
- Drop-down of its Big Spring Gathering System to Delek Logistics Partners, LP for approximately $145.5 million consideration comprised of cash and common units of DKL; and
- Drop-down of its trucking and transportation operations to Delek Logistics Partners, LP for approximately $48 million in cash.
- Era Group Inc. in the company's $40 million sale of its 50% interest in its Dart Holding Company Ltd. joint venture.
Prior Experience
Corporate Associate, Baker Botts L.L.P.
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Memberships & Affiliations
Houston Young Lawyers Association
Credentials
Admissions & Qualifications
- 2016Texas
Courts
- United States Department of Veterans Affairs, Accreditation
Education
- University of Texas at Austin School of LawJ.D.with Honors2016Texas Journal of Oil, Gas and Energy Law
- University of Texas at AustinB.A., Economics & Psychology2011
News &
Insights
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