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About Manuel

As a lawyer licensed in Mexico, Manuel Vera represents U.S. financial service institutions, energy companies and investment firms in acquisitions in Mexico and Latin America, also guiding them through cross-border project finance transactions and joint ventures. Manuel has worked with clients on projects in more than a dozen Latin American countries, with a special emphasis on Mexico, Central America, Venezuela, Colombia, Brazil, Chile and Argentina, as well as Spain. 

He is well versed in Mexican and international corporate and commercial law, particularly foreign investment, energy, project finance, banking, real estate transactions, labor, tax and regulatory issues affecting Mexican companies. Manuel's current client roster includes global Fortune 100 and Fortune 500 corporations.

Experience

Recent Notable Matters

Eni S.p.A. — assist with the bidding process for the international public tender made by the government of Argentina for the granting of offshore oil exploration and extraction licenses

 

Cheiron Petroleum Group — The first upstream debt transaction for an independent oil and gas company in the newly deregulated Mexican market. With acquisition financing led by Natixis bank, the transaction closed after the company’s successful bid for a 50 percent operated interest in the onshore Cardenas and Mora fields in partnership with Pemex, the Mexican state oil company

Crédit Agricole Corporate & Investment Bank — as lead arranger, in the $4.65 billion financing of McDermott International, Inc.’s all-stock combination with Chicago Bridge & Iron Company N.V., consisting of a $2.26 billion senior secured term loan facility, a $1.0 billion senior secured revolving credit facility and a $1.39 billion senior secured letter of credit facility

Kinder Morgan, Inc. — cross-border natural gas pipeline and ownership of related assets for the transportation of gas in Mexico, including ongoing corporate work, regulation, tax, finance and labor issues, as well as the execution of several contracts related with its operation in Mexico

Freeport-McMoRan Oil & Gas, LLC — registration, preparation of all bid documents, prequalification and related matters for the First Bid (exploration and extraction oil contracts) and Second Bid (extraction oil contracts) of Round 1 for shallow water blocks, issued by the Mexican government as result of the new Energy regime in Mexico

Freeport-McMoRan Oil & Gas, LLC — corporate structure, formation process, ongoing corporate matters and related activity for the participation of oil exploration and extraction activities under Round 1 for shallow water blocks, issued by the Mexican government

Kinder Morgan Energy Partners, L.P. — corporate, regulatory and miscellaneous advice to El Paso Marketing de Mexico

Crédit Agricole — credit facility for McDermott International, Inc. secured by several Mexican entities

Leading U.S. pipeline and midstream company — joint venture and participation in a public bid issued by the Mexican Electricity Commission (CFE) and project finance for the construction and operation of a $2.1 billion underwater natural gas pipeline in Mexico

U.K. upstream oil and gas exploration and production company — general advice on the potential participation for the Fourth Bid for deep water blocks, issued by the Mexican government, as a result of the new Energy regime in Mexico

Company in joint venture formation to operate a gas marketing company in Mexico — formation of a joint venture in Mexico to operate a gas marketing company

Key Energy Services, Inc. — formation of a consortium to participate in a bid with Pemex for an oil field in Chicontepec, Mexico

Calpine Corporation — development, construction and operation of a 525 MW power plant in Mexico for the Comisión Federal de Electricidad and assistance with the sale of Calpine's interest in such power plant arrangements

One of the world's leading financial institutions — obtainment of collateral from Mexican companies in a multi-million dollar refinance loan

Credit Lyonnais (Caylon) — $150 million credit agreement granted to a Mexican borrower and secured by five Mexican entities; assistance with three amendments and restatements of such credit agreement

Kinder Morgan, Inc. — sale of Kinder Morgan to management group and investment partners including Goldman Sachs, The Carlyle Group, AIG, and Riverstone Holdings in order to take Kinder Morgan private

Wells Fargo Bank, N.A. — assignment from BNP Paribas to Wells Fargo of five oil and gas reserve based loans secured by companies in Colombia, Barbados, Bermuda, Canada, Cayman Island, Panama, the U.K., Spain and Peru

Key Energy Services, Inc. — sale of its Argentinean subsidiary

Kinder Morgan, Inc. — installation and operation of certain natural gas compression facilities in Mexico

MatlinPatterson Global Advisers — acquisition of nine Mexican companies

Glencore — matters relating to the Mexico licence bid round

Kinder Morgan, Inc. — El Paso Corporations disposition of El Paso’s exploration and production business for approximately $7.15 billion to affiliates of Apollo Global Management, L.L.C. and Riverstone Holdings, L.L.C., who are joined by Access Industries, Inc. and other parties

BG Group — new-country entry into Colombia and farm-in to Shell’s upstream acreage

Mexican energy company — obtainment of a loan for the manufacturing of tank cars for the transportation of oil products and negotiations with Pemex for the sale of such tank cars

Private equity fund — potential acquisition of assets in Monterrey, Mexico

Publications and Speeches

"Mexican Energy Legislation, Investors monitor debate as results may impact after-tax return," Oil & Gas Financial Journal, September 10, 2014.

"Exploration and Production in Mexico, Overhaul of energy sector invites expanded opportunities for private investment," Oil & Gas Financial Journal, September 10, 2014.

"Energy Reform Package to Increase Competition and Private Sector Opportunities in the Mexican Power Industry," Power Engineering, September 2014.

"Important energy reform submitted by Mexico's President," Oil & Gas Financial Journal, August 20, 2013.

Credentials

Education

Universidad Panamericana, Mexico City,
J.D.
1994
with honors

Bar Admissions

Mexico
State Bar of Texas Foreign Legal Consultant

Languages

Fluent Spanish

Affiliations

State Bar of Texas
Mexican Bar Association
Houston Bar Association

News

News

Important energy reform submitted by Mexico's President

August 20, 2013
Oil & Gas Financial Journal - Online

PEOPLE IN BUSINESS

March 20, 2011
Houston Chronicle Online/chron.com

Insights

Insights

Oil & Gas Deal-Doing in Mexico: Current Trends & Future Prospects

Manuel Vera, Jeffery B. Vaden, Darren Spalding and Adam Blythe of Bracewell, and Manuel Cervantes of MCM Abogados discuss deal trends in Mexico and the future of the oil and gas market...

Investing in Upstream Oil and Gas in Mexico

Bracewell's Mexico team is comprised of leading energy lawyers in Houston and London and we are one of the few law firms that have been involved in all aspects of the liberalisation process.

Financial Transmission Rights Guidelines – Mexico

August 8, 2017

On July 28, 2017, the Mexican Ministry of Energy (Secretaria de Energia or SENER) published the final guidelines for the Financial Transmission Rights (“FTR”) Auctions (the “Guidelines”), which will govern the auction process for Mexico’s newly created FTR market. The final Guidelines or Manual de Subastas de Derechos Financieros de...

Mexico's National Hydrocarbons Commission Issues Round One's Third Bid For Onshore Fields

May 14, 2015

Mexico's National Hydrocarbon Commission ( Comisión Nacional de Hidrocarburos ) ("CNH") announced on May 11 the terms for the third bid of Round One. Unlike the two earlier bids which covered 19 shallow water areas, the third bid covers 26 onshore areas that contain approximately 2.5 billion barrels of oil equivalent (BOE) most of them with 3P reserves. The contract areas will be auctioned off contractually using license agreements as opposed to the production sharing agreements previously used during the first two bids. Under a license agreement, the private company will have the right to...

Mexican President Signs Historic Energy Reform Into Law

August 18, 2014

On Monday, August 11, 2014, Mexican President Enrique Pena Nieto signed a package of energy secondary laws passed by the Mexican Congress (the "Legislation") that will overhaul the Mexican oil and natural gas, petrochemical, and power generation industries [1] . The Legislation includes nine new laws and amendments to several current laws. The cornerstones of the Mexican oil and gas reforms are the Hydrocarbons Law ( Ley de Hidrocarburos ) and the Hydrocarbons Revenue Tax Law ( Ley de Ingresos Sobre Hidrocarburos ). These new statutes regulate, among other items: (i) "entitlements" (...

Mexican President Submits Legislation to Congress for Implementation of Constitutional Energy Reforms

May 7, 2014

Following the historic constitutional energy reforms passed by the Mexican Congress in December 2013, Mexican President Enrique Peña Nieto submitted on April 30, 2014 for the consideration and approval of the Mexican Congress the secondary legislation (the "Legislation") that will implement these reforms, overhauling the Mexican oil and natural gas, petrochemical, and power generation industries. Committees of the Senate and House will now study the Legislation with final passage expected by the end of June. The Legislation includes nine new laws and amendments to several current laws. Oil...

Mexican Federal Congress Approves Important Constitutional Energy Reform Bill

December 13, 2013

As we previously reported , on August 12, 2013, Mexican President Enrique Peña Nieto submitted a highly anticipated constitutional reform proposal to the Mexican Congress for purposes of restructuring the Mexican energy sector, including oil, gas, petrochemical, and power, by allowing greater private participation in the Mexican energy market (the "Bill"). Following this proposal by President Peña Nieto, the Mexican Senate approved the Bill on December 11, 2011 and the Mexican House of Representatives approved the Bill on December 12, 2011, with additional revisions that extend private...

Important Energy Reform Submitted by Mexico's President

August 16, 2013

On August 12, 2013, Mexican President Enrique Peña Nieto submitted a highly anticipated constitutional reform proposal to the Mexican Congress for purposes of restructuring the Mexican energy sector, including oil, gas, petrochemical, and power, by allowing greater private participation in the Mexican energy market (the Bill). If approved, the Bill will eliminate some of the most important barriers that have limited the participation of private investment in the Mexican energy sector. While ownership of hydrocarbons will remain with the Mexican State, the Bill proposes to open the door for...

Noteworthy

Noteworthy

Legalease
The Legal 500
Private Practice Powerlist: US-Mexico, 2018
Euromoney Institutional Investor PLC
IFLR1000 Financial & Corporate Guide
Highly Regarded: Banking, 2016 - 2019; Project Finance, 2016 - 2019; Energy and Infrastructure, 2018
Euromoney Institutional Investor PLC
IFLR1000 Energy & Infrastructure Guide
Latin America, Leading Lawyer, 2013 - 2016