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About Elizabeth

Elizabeth McGinley, chair of Bracewell’s tax department, regularly advises clients on acquisitions, dispositions, restructurings, joint ventures and debt and equity investments in the upstream and midstream oil and gas and power industries. She represents both public and private energy companies as well as private equity funds. Liz is recognized by Chambers USA among America’s leading lawyers for tax (2012-2017). 

great at documenting her position and opinion, and explaining it to me clearly, discussing the nuances that helped me better appreciate her position and why it would stand. She is great at delineating a thin line, and documenting it with facts.
Chambers USA, 2016


Recent Notable Matters

Great Plains Energy Inc. — revised stock-for-stock merger of equals transaction with Westar Energy, Inc., creating a company with a combined equity value of approximately $14 billion, and with nearly 13,000 MW of generation capacity and more than 51,000 miles of distribution lines

Global Infrastructure Partners — majority position in a preferred equity investment of up to $250 million in Caprock Midstream to fund the expansion of Caprock’s natural gas gathering and processing assets in the Permian Basin

Parsley Energy Inc. — $2.8 billion acquisition of certain entities holding undeveloped acreage and producing oil and gas properties in the core of the Midland Basin from Double Eagle Energy Permian LLC and certain of its affiliates consisting of approximately $1.4 billion in cash and approximately 39.8 million units of Parsley Energy

Apache Corporation — $1.4 billion sale of approximately 90,000 net acres in southern Louisiana and 115,000 net acres in the Anadarko Basin to Tapstone Energy

HPS Investment Partners LLC — Bayou City Energy’s additional preferred stock investment in an HPS portfolio company, High Mesa, Inc., the parent of Alta Mesa Holdings, LP. This additional investment follows Bayou City Energy’s initial investment in High Mesa, Inc. in the fourth quarter of 2016.

HPS Investment Partners LLC — $350 million recapitalization of Alta Mesa Holdings, Inc. through a combination of convertible preferred stock and senior notes

Noble Energy, Inc. — sale of 30,200 net acres in the DJ Basin in Weld County, Colorado to SRC Energy Inc. for $608 million

Energy & Exploration Partners, LLC and its affiliates — Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Northern District of Texas

Chevron Corporation — sale to ONEOK Partners, LP. of the Mesquite Pipeline and its 80 percent interest in the West Texas LPG Pipeline Limited Partnership for approximately $800 million

Duke Energy Corporation — $2.8 billion sale of its Midwest merchant generation business to a subsidiary of Dynegy Inc., which includes ownership interests in 11 power plants with a total capacity of approximately 6,100 MW, as well as Duke’s competitive retail electric and gas business; Platts Global Energy Awards, 2015 Strategic Deal of the Year

Pioneer Natural Resources Company — acquisition of 28,000 acres in the Midland Basin from Devon Energy Corporation for $435 million

Canada Pension Plan Investment Board — $450 million commitment by its wholly-owned subsidiary, CPPIB Credit Investments, to LongPoint Minerals, LLC, and entity formed to buy minerals and royalties in the U.S.

Phillips 66 — exchange of Phillips Specialty Products Inc. to Berkshire Hathaway Inc. for shares of Phillips 66 stock held by Berkshire Hathaway affiliates, valued at approximately $1.4 billion

Alinda Capital Partners and GE Energy Financial Services — definitive agreement to sell SourceGas Holdings LLC to Black Hills Corp. for $1.89 billion

Venoco, Inc. — creditor negotiations and Chapter 11 reorganization, which resulted in the elimination of almost $1 billion in debt. The bankruptcy proceeding was completed in four months and with the agreement of all creditor groups.

La Caisse de dépôt et placement du Québec — acquisition, jointly with a global oil and gas company, of the entity that owns the Southern Star Central Pipeline, a FERC-regulated interstate pipeline

Rockland Capital, LLC — acquisition of the Michigan Power Generating Facility, a 125 MW natural gas-fired, combined-cycle electric generation facility in Ludington, Michigan from affiliates of ArcLight Capital Partners, LLC

Bluescape Resources Company — investment by Energy Strategic Advisory Services LLC (ESAS), a subsidiary of Bluescape, in EXCO Resources, Inc.

Howard Midstream Energy Partners, LLC — purchase of northeast Pennsylvania gathering assets from Southwestern Energy Company for $500 million

Phillips 66 — $210 million acquisition of all the outstanding stock and option in Spectrum Corporation, based in Memphis, Tennessee, from Dominus Capital LP and other shareholders

Integrys Energy Group, Inc. — Chicago-based utility holding company, in the sale of all of the stock of Upper Peninsula Power Company (UPPCO) to Balfour Beatty Infrastructure Partners LP

La Caisse de dépôt et placement du Québec — purchase of 15 percent of AES US Investments, Inc., a wholly owned subsidiary of The AES Corporation (AES) that owns IPALCO Enterprises, Inc

Publications and Speeches

“Private Equity Development Joint Ventures,” The 82nd Annual API Federal Tax Forum, Houston, April 19, 2016.

"Super-Charged Energy IPOs," Oil & Gas Investor, November 2014.

"Are VPPs Better Financing Structures Than RBLs?" Project Finance, March 2013.

“Private Equity Investment Surges in Midstream Market,” Oil & Gas Financial Journal, December 2012.



New York University School of Law,
LL.M., Taxation
New York University School of Law,
Lehigh University,
Beta Gamma Sigma, Phi Beta Kappa

Bar Admissions

New York


Certified Public Accountant, New York


Kent Place School, Summit, NJ
Board of Directors
Executive Women of New Jersey



Opportunities abound for private equity, but so do risks

June 10, 2016
Oil & Gas Financial Journal

Bracewell adds tax partner in New York office

February 19, 2016
Corporate Counsel

Hidden Tax Dangers

December 14, 2015
Oil & Gas Financial Journal

New Twists On An Old Structure

August 1, 2015
Oil and Gas Investor

Deal of the Week: $235 Million Energy Deal

October 9, 2014
Texas Lawyer - Houston Bureau

Offshore: Deals and cases

April 27, 2014

Munger Tolles Helps Buffett End 2013 With One More Deal

December 31, 2013
American Lawyer - Online

Funding Energy Infrastructure

December 12, 2013
Oil & Gas Financial Journal - Online

Deal of the Week: Power Player

July 29, 2013
Texas Lawyer

Private equity investment surges in midstream market

December 1, 2012
Oil & Gas Financial Journal

Knowledge Center



Chambers USA
New York Tax, 2012 - 2017
The Legal 500 United States
U.S. Taxes - Non-Contentious, 2016 - 2017; Domestic Tax, 2015; Energy: Transactions, 2014 - 2015; Domestic Tax: East Coast, 2014; Tax, 2009 - 2012


Past Events

McGinley & Still at API Federal Tax Forum

April 24, 2017
April 25, 2017

81st Annual API Federal Tax Forum

April 27, 2015
April 28, 2015

3rd Midstream Oil & Gas Law Conference

December 4, 2014

Bracewell Tax Network - September 12

September 12, 2013

Tax Symposium

September 20, 2012