About J. J.
W. James (J. J.) McAnelly serves as co-chair of the firm’s oil and gas projects practice group. He represents oil, gas and energy industry clients in a broad range of oil and gas transactions, including the purchase, sale and/or financing of exploration and producing properties, processing plants, production and storage facilities and pipeline systems, as well as day-to-day operational representation. He also assists in the formation of joint ventures and partnerships for the funding, acquisition, operation and development of energy projects.
His finance practice focuses on the representation of commercial banks, investment banks and hedge funds in energy lending. He also represents lenders in structured finance and off-balance sheet transactions.
J. J. is nationally recognized by Chambers USA (2010-2019) as a well-regarded upstream oil and deal lawyer and is ranked in Energy: Oil & Gas (Transactional).
Recent Notable Matters
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
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 LLC — 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
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
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
Independent oil and natural gas exploration and production company — exchange of approximately 25,000 net acres in the DJ Basin with PDC Energy for $270 million
Independent oil and natural gas exploration and production company — divestiture of Watternberg Field assets in the DJ Basin for $505 million to Synergy Resources
Large integrated international energy company — multiple divestitures of its producing assets in the Gulf of Mexico
Tall City Exploration LLC — agreement with Moss Creek Resources, LLC to sell its Howard and Borden county assets in Texas for $803 million
Three Rivers Operating Company III LLC — representation in connection with all acquisitions and divestitures of oil and gas assets
Manti Equity Partners, LP — $141 million joint sale of Eagle Ford acreage and production to a subsidiary of the Chinese company, MeiDu Holding Co., Ltd.
Private equity-backed seller — sale of Permian acreage and production to an undisclosed buyer for $1.24 billion
Tall City Exploration LLC — sale of $440 million in assets to American Energy – Permian Basin, LLC.
Eni S.p.A. — $4.83 billion acquisition of Dominion's OCS Gulf of Mexico assets
Covey Park Energy LLC — $425 million acquisition of Encana Corporation’s East Texas oil and gas assets
Private equity-backed seller — sale of Permian acreage and production to an undisclosed buyer for $410 million
Kinder Morgan, Inc. — $7.15 billion sale of El Paso’s exploration and production business unit which includes assets in the Eagle Ford Shale, Permian Basin, Haynesville Shale, Black Warrior Basin, Uintah Basin, Raton Basin, Powder River Basin, and the Gulf of Mexico, as well as in Egypt and Brazil
SWEPI LP (a unit of Royal Dutch Shell plc) — $1.9 billion acquisition from Chesapeake Energy Corporation of approximately 618,000 net acres of oil and gas properties in the Southern Delaware region of the Permian Basin
Three Rivers Acquisition LLC and Three Rivers Operating Company LLC — sale of all their Permian Basin oil and gas producing assets to Concho Resources for $1 billion
Large and integrated multi-national petroleum company — $280 million acquisition of Barnett Shale leasehold interests from Quicksilver Resources Inc., as well as the joint development arrangements for the exploration and development of the acreage
Majority working-interest owner — acquisition and documentation of oil and gas leases (35,000+ acres) in an east Texas gas play, the negotiation and documentation of various exploration and development agreements involving those oil and gas leases, the negotiation and documentation of various service provider contracts including drilling contracts and field services contracts, and the negotiation and documentation of a JV for the ownership and operation of a gathering system related to the discovered field
Fortune 100, non-E&P industry company — various joint ventures with industry players in the Wolfbone, Niobrara and Bakken Shale plays
Large, integrated multi-national oil and gas company — various Gulf of Mexico OCS transactions from 2001 to the present, including the formation and documentation of a joint venture to drill five prospects with another industry player and the acquisition of all the stock of a publicly-traded E&P company
Publications and Speeches
“Areas of Mutual Interest Agreements – Certain Legal Issues to Consider in Texas,” Section Report of the Oil, Gas & Energy Resources Law Section of the State Bar of Texas, Volume 41, Number 3/ Spring 2017.
“A&D Buyside,” Oil & Gas Investor, May 2016.
“New Twists On An Old Structure,” Oil & Gas Investor, August 1, 2015.
“Coming to America: Commercial and Legal Aspects of Foreign Investment in U.S. Oil and Gas Projects,” 60th Annual Rocky Mountain Mineral Law Institute, July 2014.
“Recent Legal Developments in the Roaring Utica Shale,” Oil & Gas Financial Journal, May 8, 2014.
“Overview of Trades: Joint Exploration and Joint Venture Agreements,” Meeting of the American Association of Professional Landmen, June 2012.