THE PAPER IT'S WRITTEN ON

摘要

Mergers, purchases, sales, swaps, partnerships, joint ventures, structured financings, spin-offs, split-offs, split-ups—in today's energy industry, the number, diversity, and materiality of transactions continues to multiply. The art of the deal has achieved a new prominence as the shape, structure, and even location of the industry shifts. Correspondingly, transactions have taken on a new weight, epitomized in the sheer volume of "papering" that deals consume. Even to lawyers charged with the drafting, detailing, and delivering, it can be mind-boggling.