Jonathan Seliger represents and counsels developers, exploration and production companies, midstream companies, private equity funds, purchasers, and sellers in all aspects of upstream and midstream transactions. Jonathan’s upstream practice has a particular focus on the acquisitions and divestitures of oil and gas properties. He regularly represents both issuers and investors in connection with oil and gas matters in restructurings and Chapter 11 reorganizations. Jonathan also represents lenders and borrowers with respect to the financing of oil and gas properties; pipeline systems and other midstream assets; and other development facilities.
Prior to joining Bracewell, Jonathan served as special assistant to United States Senator Kay Bailey Hutchison in Washington, D.C. While in law school, Jonathan served as a judicial intern to the Honorable Patrick Higginbotham, U.S. Court of Appeals for the Fifth Circuit.
Recent Notable Matters
Private equity-backed buyer — $240.55 million acquisition of producing properties on lands owned by the State of Texas and overseen by the Board for Lease of University Lands in the Southern Midland Basin from EP Energy
Private equity-backed company — bidding in the 363 sale process of Chesapeake Exploration L.L.C. for the potential purchase of certain assets in the Mid-Con Basin
Private buyer — bidding in the 363 sale process of Gavilan Resources, LLC for the potential purchase of assets in the Eagle Ford Shale
Private equity fund — bid for the assets of Approach Resources Inc., et al. in its Chapter 11 bankruptcy case sale process following the mutual termination of the Debtors’ proposed sale transaction with the initial proposed buyer
Echo Energy Partners I, LLC — sale of substantially all of its SCOOP/Stack assets to HPS Investment Partners LLC for approximately $32.96 million out of its Chapter 11 bankruptcy case
Wells Fargo Bank, N.A. — as administrative agent for the first lien lender group in the Alta Mesa Chapter 11 bankruptcy case
Wells Fargo Bank, N.A. — as administrative agent for the first lien lender in the Freedom Oil & Gas, Inc., et al. Chapter 11 bankruptcy case, including assistance in the 363 sale process
O’Benco IV, LP — sale of substantially all of its assets in its Chapter 11 bankruptcy case
Eni Petroleum US LLC — acquisition of 30 percent interest and a follow-on deal for remaining 70 percent and operatorship of the Oooguruk oil field in Alaska from Caelus Natural Resources Alaska, LLC
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
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
Independent oil and natural gas exploration and production company — acquisition of Clayton Williams Energy, Inc. for $2.7 billion in stock and cash
Independent oil and natural gas exploration and production company — sale of substantially all of its Gulf of Mexico assets to Fieldwood Energy LLC for over $700 million
Noble Energy, Inc. — sale of 30,200 net acres in the DJ Basin in Weld County, Colorado to SRC Energy Inc. for $608 million
Global Infrastructure Partners — majority position in a preferred equity investment of up to $250 million in Caprock Midstream to fund the expansion of Caprock’s natural gas gathering and processing assets in the Permian Basin
Publications and Speeches
“‘Production Sharing Agreement’ Wells: Pros and Cons,” Law360, October 21, 2016.