About Hobie
Daniel (Hobie) Temple focuses his practice on energy and financing matters, with an emphasis in oil and gas. He counsels clients in all aspects of upstream and midstream oil and gas transactions, as well as agreements related to the ownership and development of oil and gas properties.
Prior to practicing law, Hobie was a landman with Big Star Oil and Gas, LLC in West Texas.
Experience
Recent Notable Matters
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
Harvest Midstream Company — $1.125 billion acquisition from Williams Partners L.P. of certain assets in the Four Corners area, including over 3,700 miles of pipeline, two gas processing plants and a CO2 treating facility
Blue Ridge Mountain Resources, Inc. — all-stock merger with Eclipse Resources Corporation, resulting in the formation of Montage Resources, one of the largest Utica-focused operators
Private equity-backed portfolio company — negotiated execution and subsequent termination of a $950 million cash and stock transaction involving both producing and non-producing assets in the Midland Basin
Independent oil and natural gas exploration and production company — sale of approximately 8,600 net acres in Regan and Upton County, Texas for approximately $137 million
Independent oil and natural gas exploration and production company — $131 million divestiture of 13,800 net acres and 30 producing wells in Reeves, County Texas
Large publicly traded utility company — "DrillCo" transaction whereby the client provided DrillCo financing of approximately $50 million to an upstream operator in exchange for (i) a large acreage dedication and exclusive right to provide midstream services to the operator and (ii) a working interest in the unit for each well that the operator drilled using the financing
Covey Park Energy LLC — acquisition from Chesapeake Exploration LLC et al. covering 41,500 net acres and over 300 operated and non-operated wells in the Bossier and Haynesville Shale plays in northern Louisiana, for approximately $465 million
Private equity-backed portfolio company — purchase of approximately 13,045 net acres in the Delaware Basin for approximately $350 million from four separate sellers
Private equity-backed portfolio company — sale of approximately 1,450 net acres in the Delaware Basin for approximately $43.5 million
Freeport-McMoRan Oil & Gas, LLC — $20 million divestiture of certain oil and natural gas assets located in central Wyoming
Independent oil and natural gas exploration and production company — acquisition of Permian acreage from an undisclosed seller for approximately $295 million