Jared Berg works with public and private companies, including private investors, in mergers, acquisitions and general corporate matters. He advises businesses in any stage of development, including formation and reorganization of corporate structures and governance, initial and follow-on equity investments, growth-oriented mergers and acquisitions, joint ventures and other business partnerships, as well as ultimate dispositions through sale or an IPO.
Jared has experience working with upstream and midstream oil and gas companies on acquisitions and divestitures of pipeline assets, oil and gas interests, and water transport, disposal, recycling and treatment facilities. Additionally, he works at the forefront of the energy transition with oil and gas companies, renewable generation developers and other interested parties on novel commercial transactions and arrangements designed to achieve his clients’ ESG goals.
Recent Notable Matters
Holly Energy Partners — a set of transactions under which HEP and HollyFrontier Corporation (NYSE: HFC) will acquire Sinclair Transportation Company and Sinclair Oil Corporation, respectively, from The Sinclair Companies for a combined value at announcement of approximately $2.6 billion
Cornerstone Building Brands, Inc. — acquisition of Prime Window Systems, LLC
J&J Worldwide Services — sale to Arlington Capital Partners, a DC-based private equity firm
Pioneer Natural Resources — DrillCo transaction with a private investor providing for drilling opportunities on acreage owned by Pioneer in South Texas
Holly Energy Partners, L.P. — formation of a 50/50 joint venture, Cushing Connect Pipeline & Terminal LLC, with Plains All American Pipeline, L.P. for the purpose of owning and operating a crude oil terminal in Cushing, Oklahoma and constructing, owning and operating a crude oil pipeline from Cushing, Oklahoma to Tulsa, Oklahoma
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
Private equity-backed oil and gas company — exchange of certain producing and non-producing oil and gas leasehold interests and associated assets, including the negotiation of a construction management and operation agreement for the development of an electric micro grid
COG Operating LLC — contributions of saltwater disposal wells and large-diameter produced water gathering pipelines in the Delaware Basin to Solaris Water Midstream, LLC in exchange for cash and equity in Solaris Midstream Holdings, LLC
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
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.
DCP Midstream Partners, LP — 50/50 joint venture between Phillips 66 and Spectra Energy, in a transaction combining all of the assets and debt of Midstream with DCP Midstream Partners, LP. The combination creates the largest gathering and processing master limited partnership in the United States with a pro-forma enterprise value of approximately $11 billion.
Pilot Chemical Corp. — purchase of ATRP Solutions, Inc., a venture capital-backed specialty polymer technology company, which was in business for ten years after being spun out of Carnegie Mellon University
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
Castleton Commodities International LLC — equity investment by Tokyo Gas America Ltd. in a subsidiary of Castleton Commodities International, Castleton Resources LLC, which owns upstream oil and gas assets in East Texas
Pembina Pipeline Corporation — acquisition of Veresen Inc. in a combined cash and stock transaction valued at approximately CAD $9.7 billion. The transaction creates one of the largest energy infrastructure companies in Canada, with a pro-forma enterprise value of approximately CAD $33 billion.
Enbridge Gas Distribution Inc. — $70 million sale of St. Lawrence Gas Company, Inc. and its subsidiaries to Liberty Utilities Co., a wholly owned subsidiary of Algonquin Power & Utilities Corp.
Conflicts Committee of Tallgrass Energy Partners, LP — advised the Conflicts Committee of the Board of Directors of the general partner of Tallgrass Energy Partners, LP in its acquisition of an additional 24.99% membership interest in Rockies Express Pipeline LLC from a subsidiary of Tallgrass Development, LP for cash consideration of $400 million
Publications and Speeches
"Everything Under the Sun: A Guide to Siting Solar in the Lone Star State," Ernest E. Smith, Jacob R. Lederle & W. Jared Berg, Texas Journal of Oil, Gas and Energy Law, Vol. 12, No. 1, 2017.
“Ending the Game of Chicken: Proposed Solutions to Keep Texas Wind Developers and Mineral Lessees from Ruffling Each Other's Feathers,” Texas Journal of Oil, Gas, and Energy Law, Vol. 11, No. 1, 2015-2016.