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Oil & Gas Projects

Oil & Gas Projects

Over the last 30 years, we have designed Bracewell to be an oil and gas projects law firm. We handle a wide variety of large and small clients involved in the oil and gas value chain, including upstream exploration and development companies; oilfield service businesses; pipeline, storage and terminals companies; refining and chemicals companies; commercial banks, trading houses, investors and private equity investors involved in oil and gas; and investment banks, other intermediaries and strategic advisors to oil and gas companies and investors. Bracewell has developed targeted practices, such as regulatory, environment, tax, intellectual property, and strategic communications, to serve the oil and gas industry. Our industry focus enables us to maintain cutting-edge experience and in-depth knowledge of the commercial, legal and regulatory challenges faced by our clients, so that we can provide the most effective legal solutions to facilitate transactions and resolve disputes.

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. 

The oil and gas midstream business is a primary focus at Bracewell.  We are unique in our depth and breadth of experience in all aspects of the midstream sector.  As a result, we are able to efficiently provide comprehensive legal advice to midstream businesses and investors.  Our large midstream team includes practitioners with experience in the U.S. and across the globe in the development, regulation, ownership, operation, acquisition and disposition of gas and liquids pipelines, gathering systems, storage and processing facilities, terminals, and LNG facilities. We cover the complete midstream life-cycle, from project development, permitting, financing and construction through operations, sales and purchases of midstream assets and companies, and ultimately through the abandonment and satisfaction of the related regulatory requirements.  Our experience includes environmental permitting, compliance and incident management and defense; precedent agreements and other storage, processing, gathering and throughput agreements; tariffs and ongoing regulatory compliance; antitrust analysis and compliance; and government relations to influence policy and facilitate regulatory approvals.  In addition, in the U.S., we routinely support clients before Congress, FERC, PHMSA, EPA, OSHA and other federal and state regulatory agencies.

Bracewell is among the leading law firms in standardized and structured transactions involving physical and financial power, oil, gas and other commodities.  We bring a unique perspective with several lawyers on our team who have had in-house experience working for commodity trading businesses as well as experience with federal energy commodity regulators.  Our lawyers are intimately familiar with agreements promulgated by the International Swaps and Derivatives Association and the North American Energy Standards Board and have significant experience with structured commodity transactions, acquisitions and divestitures involving trading portfolios and compliance with related regulations.

Bracewell has experience in all aspects of downstream oil and gas operations, including refining, manufacturing, marketing, and distribution businesses.  We act for some of the largest refining and petrochemical companies in the world, as well as financial institutions and other lenders to the industry. Our lawyers represent clients in connection acquisitions and disposals, project and portfolio financing, operational arrangements (including feedstock and offtake contracts), environmental and compliance issues, permitting and other regulatory matters, intellectual property issues, and defending and prosecuting litigation.

Experience

Recent Notable Matters

Alinda Capital Partners, LLC and GE Energy Financial Services, Inc. — definitive agreement to sell SourceGas Holdings LLC to Black Hills Corp. for $1.89 billion

Ameredev — sale of undeveloped acreage and producing oil and gas properties in the Delaware Basin (27,552 gross (16,098 net) surface acres), for a total consideration of $615 million in cash 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

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.

Apache Corporation — disposal of its operated interest in the SAGE System, a major gas pipeline system and gas processing terminal in the U.K., to Ancala Partners, and on Apache’s associated long-term gas transportation and processing agreement

ArcLight Capital Partners, LLC — purchase of the FERC-regulated Trans-Union Pipeline from Entegra Power Group and related acquisition financing

Bluescape Resources Company — services and investment agreement with EXCO Resources, Inc.

Cheniere Energy, Inc. — formation of a joint venture for the development of the Midship pipeline project, an approximately 200 mile, 36-inch, FERC-regulated natural gas pipeline with capacity of up to 1,400 MMcf/day from the Scoop/Stack plays in Oklahoma to Bennington, Oklahoma

Chevron USA Inc. — sale of a natural gas liquid logistics system to Phillips 66 Partners LP

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

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

Global Infrastructure Management, L.L.C. and affiliated funds — acquisition of 50 percent interest in Hess Infrastructure Partners LP’s crude oil and natural gas infrastructure assets in the Bakken Shale for $2.675 billion

Holly Energy Partners, L.P. — $278 million acquisition from HollyFrontier Corporation of newly constructed crude, fluid catalytic cracking and polymerization units at HFC’s Woods Cross refinery

Impact Oil & Gas Ltd — expansion of its African portfolio, including acquisition of upstream blocks in Gabon, Namibia and Guinea Bissau, as well as the farm-out of an interest in the Senegal-Guinea Bissau AGC to Woodside Energy

Independent oil and natural gas exploration and production company — $505 million sale of upstream oil and gas assets in the Denver-Julesburg Basin to Synergy Resources Corporation

Ophir Energy plc — $2 billion floating LNG project offshore Equatorial Guinea, including host government arrangements, LNG sales agreements, chartering agreements, joint venture arrangements, project financing, and construction

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

Pembina Pipeline Corporation — acquisition of Veresen Inc. in a combined cash and stock transaction valued at approximately CAD $9.7 billion

Phillips 66 — exchange of Phillips Specialty Products Inc. to Berkshire Hathaway Inc. for shares of Phillips 66 stock held by Berkshire Hathaway affiliates, valued at approximately $1.4 billion

Plains All American Pipeline, L.P. — sale of 100 percent of the equity interests of Bluewater Natural Gas Holding, LLC to WEC Energy Group, Inc.

Yuhuang Chemical, Inc. — project development and financing of a $1.85 billion greenfield methanol project in Louisiana

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Awards

News

Knowledge Center

Pooling and Unitization

April 26, 2017
Lexis Practice Advisor
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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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