Weil, Gotshal & Manges announced infrastructure lawyer Jacqui Bogucki has returned to the firm. Photo via weil.com

An international law firm has named a new partner in the Houston office to help build its growing infrastructure and energy transition capabilities

Weil, Gotshal & Manges announced infrastructure lawyer Jacqui Bogucki has returned to the firm.

"Jacqui will be an extremely valuable addition to our growing Houston team,” says Weil Executive Partner Barry Wolf in a news release. “Her significant infrastructure experience – including in the digital sector – and strong relationships with leading investment professionals will help to advance our fast-growing infrastructure and energy transition capabilities, and will be an immediate value-add to our clients globally.”

She will advise private equity sponsors and strategic clients on a wide range of corporate transactions. Her focus will include infrastructure, digital, technology, energy transition, and oil and gas sectors. Previously, Bogucki was a partner in the Mergers & Acquisitions practice at Simpson Thacher & Bartlett LLP. Her previous stint at Weil was from 2014 through 2018.

“I am so pleased to have the opportunity to return to Weil, where I began my legal career,” says Bogucki in a news release. “It is an incredibly exciting time to be joining the Firm as it further builds out its infrastructure and energy transition capabilities. I look forward to reconnecting with former colleagues and leveraging my experience to provide the highest quality service to our clients.”

Since 2023, notable energy partners Omar Samji, Chris Bennett, Cody Carper, and Irina Tsveklova have joined Weil in Houston – with Steven Lorch joining in New York just last month.

Pulakesh Mukherjee, partner at Imperative Ventures, which specializes in hard tech decarbonization startups, will bring his unique experience to Halliburton Labs' network. Photo via LinkedIn

Halliburton Labs names Bay Area investor to advisory board

all aboard

Halliburton Labs has announced its newest advisory board member — a San Francisco-based venture capital investor.

Pulakesh Mukherjee, partner at Imperative Ventures, which specializes in hard tech decarbonization startups, will bring his unique experience to Halliburton Labs' network.

"We are pleased to welcome Pulakesh as we help emerging companies achieve scale and growth. Pulakesh brings strong expertise and an expansive network throughout the early-stage energy and climate tech ecosystem. We look forward to his guidance to catalyze increased collaboration among innovators, investors, and industry," Managing Director Dale Winger says in a news release.

Mukherjee, who co-founded his firm, previously worked on energy, agriculture, chemical, and industrial deals for BASF Venture Capital

Mukherjee joins Jeff Miller, Reggie DesRoches, John Grotzinger, Jennifer Holmgren, Maynard Holt, Walter Isaacson, and Dale Winger on the Advisory Board, according to Halliburton's news release.

Halliburton Labs, a wholly owned subsidiary of Halliburton Company (NYSE: HAL), has supported energy tech startups since its inception in 2020. Its next pitch day is March 14 in New Orleans, which will also be streamed live.

Scott Gale, executive director of Halliburton Labs, recently joined the Houston Innovators Podcast to discuss Halliburton Labs' mission and commitment to the community.

Top Houston banker Stephen Trauber has joined publicly traded investment bank Moelis & Co. Image via Shutterstock

Firm hires top Houston-based energy banker to grow energy transition team

new hire

Houston energy dealmaker Stephen Trauber has been tapped as chairman and global head of the energy and clean technology business at publicly traded investment bank Moelis & Co.

In 2010, The Wall Street Journalcalled Trauber “one of the best-connected energy bankers in Houston.”

Trauber comes to New York City-based Moelis from Citi, where he recently retired as vice chairman and global co-head of natural resources and clean energy transition. Before that, he was vice chairman and global head of energy at UBS Investment Bank, where he worked with Ken Moelis, who’s now chairman and CEO of Moelis.

“The global energy ecosystem is undergoing major consolidation and change,” Trauber says in a Moelis news release. “I look forward to actively participating in its strategic evolution and working with so many of our clients that are evaluating how best to create value during this period of transformation.”

In conjunction with Trauber’s hiring, Guggenheim Securities executives Muhammad Laghari and Alexander Burpee are joining Moelis as managing directors in Houston. They’ll work with upstream and midstream oil and gas clients. Laghari and Burpee previously were colleagues of Trauber at Citi.

During his career, Trauber has advised on more than $700 billion in energy deals, including mergers, acquisitions, and IPOs. Among the industry heavyweights involved in those deals were BP, Halliburton, Kinder Morgan, Nabors, Occidental Petroleum, Schlumberger, Shell, and Weatherford International.

“Steve is a recognized leader in the industry who has played a key role in many of the energy sector’s landmark transactions,” says Navid Mahmoodzadegan, co-founder and co-president of Moelis.

Three years ago, Trauber made waves when Spring-based ExxonMobil

rejected his pitch “to commit to a target for net-zero emissions even after shareholders staged a revolt over the company’s climate policy,” Bloomberg reported at the time.

Last year, Trauber joined the board of directors of Houston-based NEXT Renewable Fuels, the board of directors of Houston-based ASEAN Energy, and the M&A and transactions advisory board of London-based professional services giant Aon.

The three new hires at Moelis follow the September 2023 launch of its Clean Technology Group. Arash Nazhad of Houston is co-leader of the group.

Sarah McLean brings over 20 years of energy industry experience to her new role at Willkie Farr & Gallagher. Photo via Wilkie.com

New York law firm expands energy practice with new partner appointment

new hire

Willkie Farr & Gallagher has announced that Sarah McLean has joined the firm’s Houston office as a partner. It's the sixth energy industry group hire in the past year.

McLean’s practice will focus on private equity transactions. Mostly the transactions will be acting for sponsors in making portfolio investments, exiting their investments, and growing their platform companies.

“Willkie has leading private equity and transactional capabilities, a fast-growing energy platform and a collaborative culture across the Firm," McLean says in a news release. "I’m excited to join the exceptional team here and further strengthen Willkie’s dynamic work across the energy sector to support the growing needs of our clients.”

McLean was a joint head of the US Energy industry group at Shearman & Sterling prior to Willkie Farr & Gallagher, and her experience in the energy sector includes 20 years.

“Sarah is a standout private equity and energy lawyer and we are pleased to welcome her to Willkie,” Chairman Thomas Cerabino says in the release. ”She brings significant dealmaking experience to our global energy team in Texas and across the U.S. and Europe and will be an invaluable resource to our clients navigating the changing energy market.”

Willkie provides legal solutions to businesses that address critical issues that affect multiple industries and markets with 13 offices worldwide.

“Sarah has a stellar reputation as a market-leading lawyer and dealmaker, with deep private equity and M&A experience in the oil and gas and energy transition sectors that will further the growth of our expanding Texas platform,” Archie Fallon, managing partner of the Houston office, says in a news release. “As clients look for new opportunities in the evolving energy sector, Sarah’s substantial track record and experience will complement our capabilities in Texas and across the firm, and we are thrilled to welcome her to Willkie.”

Graham Payne, the new director of energy transition at Caliche Development Partners II, is bullish on Houston. Photo courtesy

Houston carbon storage solutions company names new energy transition leader at pivotal time of growth

ready to grow

Graham Payne sees a bright future for the multibillion-dollar energy transition economy in Houston.

“It’s been said that Houston is poised, like no other city, to lead the energy transition. And I’d have to agree, because we have all the requisite natural resources, industry, and talent,” says Payne, the new director of energy transition at Houston-based carbon capture, utilization, and storage (CCUS) company Caliche Development Partners II.

Caliche and other Houston-based energy transition companies secured $6.1 billion in private funding last year, up 62 percent from 2022, according to the Greater Houston Partnership.

“As the region positions itself as the leader in the global energy transition, Houston has seen constant growth in annual energy transition investments over the last five years,” the partnership says.

Payne, a geologist, comes to Caliche after holding roles at Battelle and Schlumberger, among other companies. Houston-based Sudduth Search recruited Payne for the Caliche job.

In his new position, Payne is overseeing permitting and completion of a leased 4,000-acre site in Beaumont for sequestration of carbon dioxide. Payne will also work on current and potential gas storage projects, which he says “will continue to play an important role in the energy mix.”

At previous employers, Payne has tackled various aspects of CCUS.

“The really enticing part about this job is the chance to put it all together, and then operate a full-scale operation,” he says. “I want this technology to move firmly out of the research phase and start making a measurable difference against climate change.”

Payne says Caliche is capable of successfully straddling the worlds of CCUS, natural gas storage, and industrial gas storage. The Beaumont project alone will be able sequester at least 30 million metric tons of carbon, a Caliche estimate indicates.

In November, Caliche announced the acquisition of its first CCUS assets, Golden Triangle Storage and Central Valley Gas Storage, following a $268 million infusion of capital from Orion Infrastructure Capital and GCM Grosvenor. Orion maintains offices in Houston, New York City, and London. GCM is based in Chicago.

The Golden Triangle and Central Valley deals were valued at a combined $186 million.

Ad Placement 300x100
Ad Placement 300x600

CultureMap Emails are Awesome

Houston renewables developer powers up projects in southern region of the US

shine bright

Houston-based renewable energy developer EDP Renewables is making big moves in the Southern United States with its latest solar park projects.

EDPR celebrated the inauguration of Pearl River Solar Park in Scott County, Mississippi, that has an installed capacity of 210 megawatt peak, which produces enough power to meet the energy needs of more than 27,000 average Mississippi homes.

The project consists of 400,000 monofacial and bifacial tracking photovoltaic panels that will contribute clean, cost-competitive power to the state’s electric grid. Pearl River will provide more than $50 million in payments to local governments throughout its operating life, benefiting schools, health care facilities, fire departments, and other county services, as well as create hundreds of jobs, according to EDPR.

"We are thrilled to finally see Pearl River begin operations,” Sandhya Ganapathy, CEO of EDPR North America, says in a news release. “Solar power is a win-win in Mississippi, as it accelerates the deployment of clean energy to the grid and contributes to the state’s decarbonization objectives. The project will immediately go to work to provide Mississippi with a readily available clean energy resource.”

A second project is currently under development for Ragsdale Solar Park in Canton, Mississippi. The project is expected to provide over $36 million to local governments and $15 million to landowners over the course of its lifespan once it becomes operational.

Ragsdale is expected to generate 100 MW of energy, which is equivalent to the consumption of 15,000 average Mississippi homes. According to the company, once operational, it will create over 100 construction jobs and will create three permanent jobs.

In May, EDPR opened its Crooked Lake Solar Park near Blytheville in Mississippi County, Arkansas, which is a 175-megawatt project. The company says it will generate enough energy to power the equivalent of 30,000 Arkansas homes each year.

In April, EDPR completed Misenheimer Solar Park in Stanly County, North Carolina. The solar project has an installed capacity of 74 megawatts, which is one of the largest in the state. Misenheimer Solar Park will generate enough energy annually to power the equivalent of more than 12,000 North Carolina homes while providing economic and environmental benefits, according to EDPR.

Heat-related Texas deaths climb after Beryl left millions without power for days or longer

ripple effects

As the temperature soared in the Houston-area home Janet Jarrett shared with her sister after losing electricity in Hurricane Beryl, she did everything she could to keep her 64-year-old sibling cool.

But on their fourth day without power, she awoke to hear Pamela Jarrett, who used a wheelchair and relied on a feeding tube, gasping for breath. Paramedics were called but she was pronounced dead at the hospital, with the medical examiner saying her death was caused by the heat.

“It’s so hard to know that she’s gone right now because this wasn’t supposed to happen to her,” Janet Jarrett said.

Almost two weeks after Beryl hit, heat-related deaths during the prolonged power outages have pushed the number of storm-related fatalities to at least 23 in Texas.

The combination of searing summer heat and residents unable to power up air conditioning in the days after the Category 1 storm made landfall on July 8 resulted in increasingly dangerous conditions for some in America’s fourth-largest city.

Beryl knocked out electricity to nearly 3 million homes and businesses at the height of the outages, which lasted days or much longer, and hospitals reported a spike in heat-related illnesses.

Power finally was restored to most by last week, after over a week of widespread outages. The slow pace in the Houston area put the region's electric provider, CenterPoint Energy, under mounting scrutiny over whether it was sufficiently prepared.

While it may be weeks or even years before the full human toll of the storm in Texas is known, understanding that number helps plan for the future, experts say.

What is known about the deaths so far?

Just after the storm hit, bringing high winds and flooding, the deaths included people killed by falling trees and people who drowned when their vehicles became submerged in floodwaters. In the days after the storm passed, deaths included people who fell while cutting limbs on damaged trees and heat-related deaths.

Half of the deaths attributed to the storm in Harris County, where Houston is located, were heat related, according to the Harris County Institute of Forensic Sciences.

Jarrett, who has cared for her sister since she was injured in an attack six years ago, said her “sassy” sister had done everything from owning a vintage shop in Harlem, New York, to working as an artist.

“She had a big personality,” Jarrett said, adding that her sister had been in good health before they lost electricity at their Spring home.

When will a complete death toll be known?

With power outages and cleanup efforts still ongoing, the death toll likely will continue to climb.

Officials are still working to determine if some deaths that have already occurred should be considered storm related. But even when those numbers come in, getting a clear picture of the storm's toll could take much more time.

Lara Anton, a spokesperson for the Texas Department of State Health Services, which uses death certificate data to identify storm-related deaths, estimated that it may not be until the end of July before they have even a preliminary count.

In the state's vital statistics system, there is a prompt to indicate if the death was storm related and medical certifiers are asked to send additional information on how the death was related to the storm, Anton said.

Experts say that while a count of storm-related fatalities compiled from death certificates is useful, an analysis of excess deaths that occurred during and after the storm can give a more complete picture of the toll. For that, researchers compare the number of people who died in that period to how many would have been expected to die under normal conditions.

The excess death analysis helps count deaths that might have been overlooked, said Dr. Lynn Goldman, dean of the Milken Institute School of Public Health at George Washington University.

What do different toll numbers tell us?

Both the approach of counting the death certificates and calculating the excess deaths have their own benefits when it comes to storms, said Gregory Wellenius, director of the Boston University School of Public Health's Center for Climate and Health.

The excess death analysis gives a better estimate of the total number of people killed, so it's useful for public health and emergency management planning in addition to assessing the impact of climate change, he said.

But it “doesn't tell you who," he said, and understanding the individual circumstances of storm deaths is important in helping to show what puts individual people at risk.

“If I just tell you 200 people died, it doesn't tell you that story of what went wrong for these people, which teaches us something about what hopefully can we do better to prepare or help people prepare in the future,” Wellenius said. ___

Things to know: Meet the Houston founder decarbonizing shipping, events not to miss, and more

taking notes

Editor's note: Dive headfirst into the new week with three quick things to catch up on in Houston's energy transition.

Podcast: Houston logistics company works toward software solutions to energy transition challenges

Matthew Costello, CEO and co-founder of Voyager Portal, joins the Houston Innovators Podcast. Photo courtesy of Voyager

For several years now, Matthew Costello has been navigating the maritime shipping industry looking for problems to solve for customers with his company, Voyager Portal.

Initially, that meant designing a software platform to enhance communications and organization of the many massive and intricate global shipments happening every day. Founded in 2018 by Costello and COO Bret Smart, Voyager Portal became a integral tool for the industry that helps users manage the full lifecycle of their voyages — from planning to delivery.

"The software landscape has changed tremendously in the maritime space. Back in 2018, we were one of a small handful of technology startups in this space," Costello, who serves as CEO of Voyager, says on the Houston Innovators Podcast. "Now that's changed. ... There's really a huge wave of innovation happening in maritime right now." Read more.

Big deal: Houston clean hydrogen producer teams up with O&G for series of pilots

Gold H2 has aligned itself with an oil and gas company, making its Black 2 Gold microbial technology available for the first time. Photo via cemvita.com

Gold H2, a Houston-based producer of clean hydrogen, is teaming up with a major U.S.-based oil and gas company as the first step in launching a 12-month series of pilot projects.

The tentative agreement with the unnamed oil and gas company kicks off the availability of the startup’s Black 2 Gold microbial technology. The technology underpins the startup’s biotech process for converting crude oil into proprietary Gold Hydrogen. Read more.

Events not to miss

Put these Houston-area energy-related events on your calendar.

  • CCS/Decarbonization Project Development, Finance and Investment, taking place July 23 to 25, is the deepest dive into the economic and regulatory factors driving the success of the CCS/CCUS project development landscape. Register now.
  • The 5th Texas Energy Forum 2024, organized by U.S. Energy Stream, will take place on August 21 and 22 at the Petroleum Club of Houston. Register now.
  • Hart Energy's New Energies Summit is taking place on August 27 to 28 at the Hilton Americas - Houston. Register now.