Alan Rafte, chair of the firm’s business and regulatory section, serves clients in transactions that involve upstream, midstream and downstream oil and gas assets; merchant electric generation facilities; and energy commodity trading. He represents private equity investors, energy businesses, financial institutions and commodity trading businesses in transactions that include acquisitions and divestitures of assets and companies, joint venture arrangements, structured finance, leveraged finance, project development and project finance.
Alan is highly ranked in 2020 Chambers Global in Energy: Oil & Gas (Transactional) (Band 1) and in 2020 Chambers USA in Energy: Oil & Gas (Transactional) (Band 1) and Projects.
Recent Notable Matters
Equinor — $1.1 billion sale of a 50 percent interest in two US offshore wind development projects to BP, including formation of a partnership to develop and operate the Empire Wind project offshore New York and Beacon Wind project offshore Massachusetts, which together could generate up to 4.4 GW
TC Energy Corporation — US counsel in connection with the Government of Alberta’s $1.1 billion equity investment and $4.2 billion loan guarantee to support construction of the Keystone XL crude oil pipeline (2020)
Phillips 66 — formation of Bluewater Texas Terminal LLC, a joint venture with Trafigura Group Pte. Ltd., to develop an offshore deepwater port project in the Port of Corpus Christi (2020)
Pioneer Natural Resources Company — DrillCo transaction with a private investor providing for drilling opportunities on acreage owned by Pioneer in South Texas (2020)
Large publicly traded utility company — DrillCo transaction pursuant to which the utility provided financing to an upstream operator in exchange for a large acreage dedication and exclusive right to provide midstream services to the operator (2019)
Apache Corporation — $612 million asset sales in the Western Anadarko Basin and the SCOOP/STACK play (2019)
Alinda Capital Partners — sale of NorTex Midstream Partners, LLC, a company owned by funds managed by Alinda that own Texas gas storage facilities, to a subsidiary of Castleton Commodities International LLC (2018)
Apache Corporation — creation of $3.5 billion midstream company with Kayne Anderson Acquisition Corp., forming the only publicly traded, pure-play Permian Basin midstream company that is a C-corporation (2018)
Apache Corporation — strategic partnership with EPIC Midstream Holdings, LP and Noble Energy Inc. to develop the EPIC Crude Oil Pipeline, including transportation service agreements, tariffs and related regulatory matters (2018)
Apache Corporation — formation of SCM Alpine, LLC, which will own and operate a greenfield NGL y-grade pipeline, including transportation service agreements, tariffs and related regulatory matters (2018)
GEP Haynesville, LLC — exchange of non-operating working assets located in the Haynesville Basin with Vine Oil & Gas LP (2018)
HPS Investment Partners, LLC and Kingfisher Midstream, LLC — merger agreement between Kingfisher, Silver Run Acquisition Corporation II and Alta Mesa Holdings, LP to combine and form Alta Mesa Resources, Inc. (2018)
Phillips 66 Partners LP — joint venture construction and operating agreements with Andeavor and an equity option with Canadian midstream company Enbridge Inc. in relation to the Gray Oak Pipeline, LLC joint venture, and in a joint venture with Buckeye Partners LP to develop the new South Texas Gateway Terminal at the mouth of Corpus Christi Bay (2018)
Pioneer Natural Resources Company — divestiture of its pressure pumping assets to ProPetro Holding Corp. in exchange for total cash and stock consideration of $400 million and entry into a 10 year pressure pumping and related services agreement with ProPetro (2018)
Pioneer Natural Resources Company — sale of its assets in the Raton Basin in southeastern Colorado to Evergreen Natural Resources LLC (2018)
Apache Corporation — sale of its subsidiary, Apache Canada Ltd., to Paramount Resources Ltd, which includes properties located in the provinces of Alberta and British Columbia (2017)
Castleton Commodities International LLC — equity investment by Tokyo Gas America Ltd. in CCI’s subsidiary, Castleton Resources LLC, which owns upstream assets in East Texas (2017)
Alinda Capital Partners and GE Energy Financial Services — sale of SourceGas Holdings LLC to Black Hills Corp. for $1.89 billion (2016)
ArcLight Capital Partners — purchase of the FERC-regulated Trans-Union Pipeline from Entegra Power Group and related acquisition financing (2016)
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. (2016)
Chevron Corporation — sale of a natural gas liquid logistics system to Phillips 66 Partners LP (2016)
Pioneer Natural Resources Company — acquisition of 28,000 acres in the Midland Basin from Devon Energy Corporation for $435 million (2016)
Howard Midstream Energy Partners, LLC — purchase of northeast Pennsylvania gathering assets from Southwestern Energy Company for $500 million (2015)
Howard Midstream Energy Partners, LLC and its subsidiary, Maverick Terminals — acquisition of a majority interest in the GT Omniport Terminal from GT Logistics (2015)
Phillips 66 Partners LP — agreements with Paradigm Energy Partners, LLC to form two joint ventures to develop midstream logistics in North Dakota that will enhance crude oil transportation, with capital commitments of the partners for approximately $300 million (2015)
Publications and Speeches
“Private Equity Development Joint Ventures,” The 82nd Annual API Federal Tax Forum, April 2016.
“Distressed Situations in Oil and Gas,” 81st Annual API Federal Tax Forum, April 2015.