Representing clients in the upstream oil and gas industry in jurisdictions across the globe is at the core of what we do. Our integrated team, which is one of the largest in the world, covers every aspect of the upstream sector, including transactions; financings; project development and commercial arrangements; environmental and other regulatory permitting, compliance, enforcement and defense; governmental relations; and disputes. Our clients include independent upstream businesses, major integrated oil companies, private investment funds and financial institutions.
Recent Notable Matters
SPE Guinea Bissau AB (a wholly owned subsidiary of Svenska Petroleum Exploration AB) — agreement to sell participating interests in the Sinapa and Esperança oil and gas licences, offshore Guinea Bissau, to CNOOC
Etablissements Maurel & Prom S.A. — acquisition of producing interests in Angola from Mitsubishi Corporation
Apache Corporation — $612 million asset sales in the Western Anadarko Basin and the SCOOP/STACK play
Ophir Energy Plc — sale of its interest in Block 5 in the Salina Basin offshore Mexico, which includes the Cholula discovery, to Murphy Oil Corporation, Petronas and Wintershall-DEA
Eni Petroleum US LLC — acquisition of 70 percent and operatorship of the Oooguruk oil field in Alaska from Caelus Natural Resources Alaska, LLC
Eni S.p.A. — sale to Qatar Petroleum of a 35 percent interest in the Area 1 development in Mexico, which holds an estimated 2.1 billion barrels of oil
Genel Energy plc — acquisition of interests in the Chevron-operated Sarta and Qara Dagh blocks in the Kurdistan region of Iraq
Eni S.p.A. — $934 million sale of a participating interest in the Egyptian Shorouk Concession, containing the Zohr gas field, to Mubadala Petroleum
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.
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
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
Pioneer Natural Resources Company — agreement with undisclosed buyer to sell all of its assets in the West Panhandle field in Texas for $201 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
Ameredev — $615 million sale of undeveloped acreage and producing oil and gas properties in the Delaware Basin (27,552 gross (16,098 net) surface acres) to Callon Petroleum Operating Company
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
Bluescape Energy Partners, LLC — formation of, and initial investment in Jumar Energy Capital, LLC
Castleton Commodities International LLC — equity investment by Tokyo Gas America Ltd. in CCI's subsidiary, Castleton Resources LLC, which owns upstream assets in East Texas
Impact Oil & Gas Ltd — agreement to sell to Woodside Energy a 65 percent interest in upstream oil and gas assets in the offshore joint development area of Senegal and Guinea Bissau in West Africa
Independent oil and natural gas exploration and production — $2.7 billion stock and cash acquisition of Clayton Williams Energy, Inc.
Noble Energy, Inc. — $608 million sale of 30,200 net acres in the DJ Basin in Weld County, Colorado to SRC Energy Inc.
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
Castleton Commodities International LLC — acquisition of more than 160,000 net acres of leasehold and Carthage midstream assets in East Texas from subsidiaries of Anadarko Petroleum Corporation for over $1 billion
Covey Park Gas 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
CPPIB Credit Investments, Inc. — $450 million commitment to LongPoint Minerals, LLC, an entity formed to acquire mineral and royalty interests in the US
Eni S.p.A. — sale of interests in Egypt's super-giant Zohr field to Rosneft for $1.125 billion and BP for $375 million