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About Shannon

Shannon Rice represents private equity sponsors, investors and financial institutions in complex business transactions involving the upstream, midstream and downstream sectors. She assists clients in the purchase and sale of oil and gas assets, as well as the financing of exploration and producing properties, production and storage facilities and pipeline systems.

Experience

Recent Notable Matters

Par Pacific Holdings, Inc. — acquisition of 100 percent of the equity interests in U.S. Oil & Refining Co. and certain affiliated entities for $358 million, including a 42,000 bpd refinery, a marine terminal and associated logistical system in Tacoma, Washington

Sabalo Energy, LLC — approximately $950 million transaction with Earthstone Energy, Inc., including both producing and non-producing oil and gas assets in the northern Midland Basin

AP Energy Holdings Inc and South Field Energy LLC — $1.3 billion project financing and equity arrangements for the construction of the South Field Energy project, a 1,182 megawatt combined-cycle natural gas electric generating facility located near Wellsville, Ohio

Phillips 66 — option agreement pursuant to which DCP Midstream LP acquired an option to purchase up to a 30 percent ownership interest in Phillip 66’s new fractionators under construction at its expanded Sweeny Hub

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

GEP Haynesville, LLC — exchange of non-operating working assets located in the Haynesville Basin with Vine Oil & Gas LP

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

Three Rivers Operating Company III Company — sale of 59,000 net acres in the Delaware Basin for an undisclosed cash consideration to Admiral Permian Resources, LLC

Noble Energy, Inc. — sale of 30,200 net acres in the DJ Basin in Weld County, Colorado to SRC Energy Inc. for $608 million

Credentials

Education

University of Virginia School of Law,
J.D.
2017
Princeton University,
B.A.
2012
honors

Bar Admissions

Texas

News

Noteworthy

Noteworthy

University of Virginia School of Law
Virginia Law & Business Review
Editor-in-Chief