The Art of
The deal

Smith | Clark | Pennington PLLC

Your Partners in energy

Smith Clark Pennington PLLC is a boutique business energy law firm located in the heart of the Permian Basin. We represent a select group of energy clients and family offices who desire personal service from lawyers they know and trust. We help our clients navigate the most complex areas of law and catastrophic loss. That’s why we make it our business to know your business. We’re here to help you build, succeed, and problem solve. Because your success is our success, and your concern is our concern.

Smith Clark Pennington PLLC has four main practice groups: Acquisitions, Finance & Divestiture, Trial & Litigation, Tax Planning & Controversy, and Outside General Counsel Services.

Areas of Practice

Acquisitions, Finance, & Divestiture

Tax Planning & Controversy

Trial & Litigation

Outside General Counsel Services

Pictured from left (back):
Kathleen Carter, Jeri Morgan, Bobby Bland, Michael Christensen
Front:
Justin Clark, David Smith, Jill Pennington

Your partners in energy

NEWS

March 2022: SCP Partner Jill Pennington, along with co-counsel, represented an EPC contractor in a large, complex, industrial construction dispute in a bench trial before the United States District Court for the Western District of Texas. At issue were competing breach of contract claims and a dispute over the scope and nature of contractual and extracontractual damages. Jill successfully defended the client against the plaintiff’s claims and prosecuted the counterclaims to a win – a $10 million dollar swing in the judgment amount in the defendants’ favor.

2021-22: SCP Partner David Smith negotiated and closed a series of oil and gas lease and operations purchases for consideration in excess of $600 million dollars.

2021-22: SCP Partner David Smith negotiated and closed a series of secured loans for a newly-formed oil and gas producer with assets located in Texas, North Dakota, Oklahoma, Mississippi, and Louisiana with a total loan amount of over $500 million dollars.

September 2021: SCP Partner Justin Clark represented the owner of a Texas-based water disposal and midstream company in selling its equity with closing and potential earnout consideration in excess of $30 million dollars.
June 2021: SCP Partners David Smith and Justin Clark negotiated a complex equity investment into a major interstate gas pipeline and gathering company with total consideration in excess of $1 billion.
March 2021: SCP Partners David Smith and Justin Clark renegotiated a complex loan with a portfolio of national banks for a major interstate pipeline, gas gathering, gas processing and distribution company with assets throughout Texas, New Mexico, Oklahoma, Louisiana, and Kansas in the amount of $500 million dollars.

2021: SCP Partner David Smith represented a private equity investment in a Texas-based oil and gas company with a capital commitment of over $100 million dollars.

2021: SCP Partner David Smith and Of Counsel Bobby Bland represented a major chemical supply and blending company in a complex non-compete case, resulting in the dismissal of all claims with prejudice without payment of consideration.

SMITH | CLARK | PENNINGTON PLLC

6 Desta Drive, Suite 3333
Midland, TX 79705
432.307.3333
Smith Clark Pennington PLLC has a combined 75 years of experience in oil and gas. We are located in the heart of the Permian Basin Oilfield in Clayton Williams' ClayDesta Center in Midland, Texas.