"Deals happen quickly. My job is to understand that and take care of the legal issues without clogging up the process. One of my strengths is that I know when to move along and when slowing things down is best for my client."
When you get right down to it, David Drumm’s practice really is all about dirt. And the things you build on top of it or find underneath it.
But because dirt and what you build on top of it (read “Real Estate”) and the products beneath it (read “Oil & Gas”) tend to have great value, David spends most of his time navigating clients through deals in both those areas.
The freewheeling, entrepreneurial environments where these transactions tend to happen are where he’s most at home and where he does his best work. He knows how to help his clients resolve the kinds of problems that keep deals from getting done.
Clients like David because he’s both smart and fast; he knows how to take complex things and reduce them to elegant simplicity. But he can also move as quickly as the deal requires and measure risk without becoming paralyzed by it.
And here’s what matters most to his clients. David doesn’t just know the real estate and oil and gas industries and know the law. He cares enough to know their business and to see it through their eyes.
Represented ownership group in construction of eight story medical office building with attached parking on the campus of Baylor Medical Center Dallas.
Represented City of McKinney as fee owner and financial incentive provider in construction of hotel and event center.
Represented Midlothian Economic Development Corporation as incentive provider in construction of hotel and conference center facility.
Represented oil and gas producers in 9-figure sales of Barnett Shale, Permian Basin, and East Texas properties.
Represented developer in securing ad valorem and occupancy tax rebates on mixed-use hotel, retail and office development.
Represented purchaser of 50 acres of commercial land out of bankruptcy.
Represented investors in an out-of-court insolvency workout of oil and gas promoter’s assets and liabilities.
Represented gas producer in joint development and exploration agreements in Williston Basin, Montana.
Represented decedent’s estate in work-outs with lenders and sales of multiple hotel/motel properties.
Represented local municipality in workout of publicly incentivized private development impacted by the financial crash and then in documenting financial incentive package for continued development by a subsequent developer.
Regularly represent hard money lender on documenting commercial mortgage loans, foreclosures, workouts, and sales of REO properties.
Regularly represent oil and gas producers in borrowing base line of credit loan transactions.
Best Lawyers in America, 2012–2017, Real Estate
D Magazine Best Lawyers in Dallas, 2016, Commercial Real Estate
Maneuvering the Traps of CFIUS to Enable Chinese Investment in U.S. Energy Assets, Carrington Coleman Capital Newsletter, Special Oil and Gas Industry Edition, 2014.
Wellbore Assignments – Some Guidance At Last, Carrington Coleman Capital Newsletter, Fall 2009.
Purchase and Sale Agreements For Raw Land Development Including Staged Closings and Takedowns, February 2007.
Negotiating and Drafting Lending Agreements for Raw Land and Development Loans, November 2006 and November 2007.
The UCC as Applied to Oil and Gas: What Effects?, February 1996.
Oil and Gas Law, Chapter 29 in Doing Business in Texas, International Law Section State Bar of Texas.
Conforming the Nonforming Use: Proposed Legislative Relief for a Zoning Dilemma, 33 Southwestern Law Journal, 855-882, September 1979.
Southern Methodist University
J.D., cum laude, 1980
Member: Phi Beta Kappa, Phi Delta
Phi, Order of the Coif
Notes and Comments Editor,
Southwestern Law Journal, 1979-80
Member: American Bar Association Natural Resources, Energy and Environment Section and Real Property, Probate, and Texas Law Section.
Member: State Bar of Texas Environmental and Natural Resources Law Section and Real Estate, Probate, and Trust Law Section.
Member: Dallas Bar Association Real Property Section and Energy Law Section.