Alan Rafte, chair of the firm’s business and regulatory section, serves clients in transactions that involve upstream, midstream and downstream oil and gas assets; merchant electric generation facilities; electric utilities; and energy commodity trading. He represents private equity investors, energy businesses, financial institutions and commodity trading businesses in transactions that include acquisitions and divestitures of assets and companies, joint venture arrangements, structured finance, leveraged finance, project development and project finance.
Alan is highly ranked in 2017 Chambers Global in Energy: Oil & Gas (Transactional) (Band 1) and in 2017 Chambers USA in Energy: Oil & Gas (Transactional) (Band 1) and Projects.
Recent Notable Matters
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 (2017)
Canada Pension Plan Investment Board — $450 million commitment by its wholly-owned subsidiary, CPPIB Credit Investments, to LongPoint Minerals, LLC, and entity formed to buy minerals and royalties in the U.S. (2016)
ArcLight Capital Partners — purchase of the FERC-regulated Trans-Union Pipeline from Entegra Power Group and related acquisition financing (2016)
Alinda Capital Partners and GE Energy Financial Services — sale of SourceGas Holdings LLC to Black Hills Corp. for $1.89 billion (2016)
Chevron Corporation — sale of a natural gas liquid logistics system to Phillips 66 Partners LP (2016)
Pioneer Natural Resources Company — acquisition of 28,000 acres in the Midland Basin from Devon Energy Corporation for $435 million (2016)
Howard Midstream Energy Partners, LLC and its subsidiary, Maverick Terminals — acquisition of a majority interest in the GT Omniport Terminal from GT Logistics (2015)
Howard Midstream Energy Partners, LLC — purchase of northeast Pennsylvania gathering assets from Southwestern Energy Company for $500 million (2015)
Phillips 66 Partners LP — agreements with Paradigm Energy Partners, LLC to form two joint ventures to develop midstream logistics in North Dakota that will enhance crude oil transportation, with capital commitments of the partners for approximately $300 million (2015)
Chevron Corporation — sale to ONEOK Partners, LP. of the Mesquite Pipeline and its 80% interest in the West Texas LPG Pipeline Limited Partnership for approximately $800 million (2014)
Chevron Pipe Line Company and Chevron Midstream Pipelines LLC — sale of Gulf Coast natural gas pipeline assets to EnLink Midstream Partners, LP and EnLink Midstream, LLC for $235 million (2014)
Pioneer Natural Resources Company — sale of all of its assets in the Hugoton field for $340 million (2014)
Chesapeake Energy Corporation — $1.26 billion transaction to repurchase all of the outstanding preferred shares of its unrestricted subsidiary, Chesapeake Utica L.L.C., from third-party preferred shareholders (2014)
Apache Corporation — $1.4 billion sale of its interests in the Lucius and Heidelberg deepwater Gulf of Mexico developments to Freeport-McMoRan Copper & Gold Inc. (2014)
Highbridge Principal Strategies — $350 million recapitalization of Alta Mesa Holdings, Inc. through a combination of convertible preferred stock and senior notes (2014)
EPL Oil & Gas, Inc. — purchase of oil and natural gas assets in the shallow-water central Gulf of Mexico from Nexen Petroleum Offshore U.S.A. Inc. for $70.4 million (2014)
Pioneer Natural Resources Company — sale of Permian Basin assets to Three Rivers for $58 million (2014)
Apache Corporation — $3.75 billion divestiture of its Gulf of Mexico Outer Continental Shelf business, including an innovative collateral arrangement to secure the performance by the buyer of $2 billion of abandonment exposure (2013)
Alinda Capital Partners — acquisition of a 50 percent interest in the entity that owns the general partner of Martin Midstream Partners L.P. (2013)
Global private equity firm — a unique financing arrangement for Freepoint Commodities to allow Freepoint to purchase a volumetric production payment from Elm Ridge Exploration Co LLC (2013)
Chesapeake Energy Corporation — $1.25 billion sale to GSO, TPG, EIG Global and Magnetar of preferred shares in a subsidiary related to its Cleveland Tonkawa assets in Oklahoma and the $1.25 billion sale venture to EIG of preferred shares in a subsidiary related to its Utica Shale assets (2012)
Apache Corporation — $2.85 billion acquisition of Cordillera Energy Partners III, LLC (which holds oil and gas assets in the Anadarko/Granite Wash Basin) for a combination of cash and Apache Corporation stock (2012)
Chesapeake Energy Corporation — $250 million joint venture with KKR to invest in mineral and royalty interests in key oil and gas basins in the United States (2012)
Publications and Speeches
“Private Equity Development Joint Ventures,” The 82nd Annual API Federal Tax Forum, April 2016.
“Distressed Situations in Oil and Gas,” 81st Annual API Federal Tax Forum, April 2015.