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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

Borrower — $200 million revolving credit facility for a privately-held lubricant base oil production company joint venture between two major energy companies

Company — obtained an indemnification for multimillion dollar environmental claims arising out of the acquisition of a major manufacturer of chemicals

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

Independent oil and natural gas exploration and production company — negotiation of a propylene sales agreement

M&G Finanziaria S.r.l. — representation of the developer in the permitting and development of major new chemical manufacturing facilities

Major petrochemical company — arrangements for the delivery of ethane to manufacturing facilities

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

Pilot Chemical Company — privately-held and independent specialty chemical manufacturer, in its acquisition of the assets and business of Liquid Minerals Group and of Mason Chemical Company

Sinclair Oil Corporation — litigation challenging the EPA’s denial of a regulatory exemption for two of Sinclair’s petroleum refineries

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

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