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Crawford Moorefield

Member
Office

Houston

909 Fannin Street
Suite 2300
Houston, TX 77010
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Fax: 832.397.3504
Education
J.D., Harvard Law School, Cambridge, Massachusetts, 1987
A.B., cum laude, Princeton University, Princeton, New Jersey, 1984, Woodrow Wilson School of Public and International Affairs
State Bar Licenses
Texas

Crawford Moorefield

Member

Crawford Moorefield provides counsel with regard to federal income taxation and structuring complex business transactions for corporations, partnerships, limited liability companies and other business entities. He 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. Crawford has significant experience in structuring tax-advantaged asset monetizations, including publicly traded partnerships, royalty trusts, real estate investment trusts and other tax-deferred asset disposition strategies. He also has extensive experience in complex restructuring in acquisition, divestiture, monetization and restructuring of regulated power generation assets. Other significant portions of his 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.

EXPERIENCE

  • Disposition of closely held coast-wise 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 percent 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 generating 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 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 large publicly traded fast food company in IPO and subsequent spin-off of major subsidiary as well as public self tender for its stock
  • Represented large publicly traded E&P company in issuance of over $6 billion of debt including floating rate and zero coupon debt instruments
  • Represented several large publicly traded energy companies in tender offers and consent solicitations with respect to widely held debt instruments and preferred stock
  • Represented 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 private equity fund in structuring and negotiating investment in filmed entertainment assets
  • Represented underwriter in structuring and executing 'basis step-up' public style private placement for E&P assets of financially troubled energy company
  • Represented large private equity fund in $350 million acquisition of water and wastewater services subsidiary of non-U.S. holding company
  • Represented 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 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

Presentations

  • M&A in the Oil Patch, Strasburger's Tax Symposium (November 2017)
  • Oil & Gas Tax Law, State Bar of Texas' Tax Law in a Day (February 2017)
  • Understanding Allocation and Distribution Provisions in Partnership Agreements, Strasburger's Tax Symposium (November 2016)
  • Oil & Gas Tax Law, State Bar of Texas' Tax Law in a Day (February 2016)
  • Net Investment Income Tax Update, Strasburger's Tax Symposium (September 2015)
  • Taxation of Oil & Gas Interests, Strasburger's Tax Symposium (August 2014)
  • The Medicare Contribution Tax, Strasburger's Tax Symposium (August 2014)
  • 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)

Media

Awards/Achievements
AV Rated by Martindale-Hubbell
Named among Best Lawyers in America in Tax by Best Lawyers (2005-2013)
Memberships
Houston Arboretum and Nature Center, Trustee; former president