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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. 

Experience

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

People

Awards

News

Insights

New International AIPN Oil and Gas Farm-Out Agreement

In June 2019, the oil and gas industry body, the Association of International Petroleum Negotiators (AIPN), published a revised version of its model form international farm-out agreement. The publication of this new model form agreement is a reflection of the increased sophistication, and continuing evolution, of the...

Oil & Gas Deal-Doing in Mexico: Current Trends & Future Prospects

Manuel Vera, Jeffery B. Vaden, Darren Spalding and Adam Blythe of Bracewell, and Manuel Cervantes of MCM Abogados discuss deal trends in Mexico and the future of the oil and gas market...

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Events

Past Events

60th Annual Rocky Mountain Mineral Law Institute

Vail
July 17, 2014
July 19, 2014
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