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About Dick

Dick Rice represents domestic and international clients in all aspects of oil and gas, energy and infrastructure project development. He provides counsel with regards to mergers and acquisitions, joint ventures, participation and development arrangements and other matters related to acquiring, owning, operating and disposing of energy companies and assets. Additionally, he has experience leading negotiations as to purchase and sale agreements, exploration and development agreements, participation agreements, operating agreements, drilling contracts, farm-outs, processing agreements, fractionation agreements, exchange agreements, gathering agreements, transportation agreements, storage agreements, EPC contracts, construction and operation contracts and service agreements.

Dick represents a diverse base of clients, having served as counsel to companies and for transactions throughout the United States, South America, Western Europe, Australia, West Africa, Central Asia and Turkey. He is a licensed solicitor in England and Wales.

Prior to rejoining Bracewell in 2015, Dick served as senior vice president, general counsel and corporate secretary for PetroLogistics LP, a NYSE-listed MLP. Dick assisted the founders of PetroLogistics in the formation, operation and ultimate sale of two midstream businesses having a combined sales value of $2.7 billion.


Recent Notable Matters

PetroLogistics Company — while at the firm and after becoming general counsel, represented the company in the brownfield development of a 1.4 billion pound propane dehydrogenation facility, and then represented the MLP in all of its legal matters including SEC filings, corporate governance, litigation, financings, EPC and other procurement matters, supply and offtake contracts, and ultimately the sale of the company

Statoil Gulf Services — development of its Gulf of Mexico operations including the acquisition of its initial holdings from EnCana, ExxonMobil and Chevron, negotiation of numerous participation agreements, property swap agreements, pipeline construction and transportation agreements, royalty disputes and other matters

Independent oil and natural gas exploration and production company — sale of $600 million of oil and gas properties in Oklahoma and Texas to Unit Corporation

Statoil Gulf Services — negotiation of rig drilling contracts with Maersk and rig sharing agreements with ExxonMobil and Woodside

Shell International — represented in the acquisition of oil and gas properties located offshore the Republic of Gabon

Purchaser — acquisition of $700 million of Gulf of Mexico leases from Plains Exploration

Apache Corporation — acquisition of a 49 percent interest in an Australian fertilizer plant currently operated by Yara International, including restructuring plant ownership, negotiation of supply and offtake agreements and providing advice with respect to material litigation challenging the transaction

Shell International — negotiating the engineering, construction and procurement contract for a floating production, storage and offloading unit together with a related bare boat charter and an operation and maintenance agreement necessary for the development of the BC-10 field offshore Brazil

Statoil Marketing & Trading (US) Inc. — negotiations to be the sole supplier of crude oil and feedstock to two refineries on the eastern U.S. coast and to manage the related pricing, hedging and credit arrangements

Enterprise Products LLP — ownership and operational matters relating to gas processing facilities in Louisiana and the San Juan Basin, including negotiations related to gas gathering agreements, connection agreements, settlement and balancing agreements, and other operational and litigation matters

PL Midstream — acquisition and subsequent development of a series of underground storage facilities in Louisiana and related pipelines, including the development of an underground gas cavern, along with assistance on all commercial negotiations related to the development thereof



Vanderbilt University Law School,
University of Connecticut,
magna cum laude

Bar Admissions

Solicitor of the Senior Courts of England and Wales


International Bar Association
State Bar of Texas
Houston Bar Association




The Legal 500 United States
Project Finance, 2010