Overview
Locke Lord’s energy attorneys have extensive experience in all phases of traditional transactions. We are also skilled at addressing the special problems and issues presented by lending on the basis of oil and gas collateral. We understand complex credit agreements as well as lender concerns about confirming borrower ownership of oil and gas interests and related title issues. Locke Lord's Oil and Gas practice has been recognized nationally by Chambers 2011 Client’s Guide of America’s Leading Lawyers for Business.
Locke Lord offers its oil, gas and energy clients years of experience in every traditional oil and gas transaction, including the following:
- Acquisition and divestiture of producing and non-producing properties
- Exploration agreements
- Development agreements
- Operating agreements
- Master service agreements
- Service agreements
- Seismic agreements
- Drilling contracts
- Farm-outs and farm-ins
- Gas marketing, processing, purchase and transportation agreements
- Fractionation agreements
- Oil and gas leases
- LNG transactions
- Pooling and unitization agreements
- Joint venture agreements
A sample of the more than four billion dollars of oil and gas transactions in which we have been recently involved includes:
- Represented Chalker Energy in sale of oil and gas properties to NFR.
- Represented Pogo Producing Company in sale of oil and gas properties to XTO.
- Represented Edge Petroleum in purchase of oil and gas assets from Smith Production.
- Represented Marlin Energy Offshore in its sale of outer-continental shelf properties to Energy XXII. The transaction was structured as a reverse takeover.
- Represented Jones Energy in sale of assets to Laredo Petroleum.
- Represented EnergyQuest in sale of assets to Constellation.
- Represented EnergyQuest in sale of Kansas and Oklahoma CBM assets to Layline.
- Represented EnergyQuest in purchase of assets from Hilcorp.
- Represented Riverbend in acquisition of assets from Hilcorp.
- Represented NFR, a joint venture involving First Reserve and Nabors, in acquiring oil and gas properties in Utah.
- Represented Northstar in negotiations to purchase OCS properties from LLOG.
- Represented Chalker Energy in sale of substantially all of its oil and gas leases to Forest Oil.
- Represented Chalker Energy II in its sale of Texas and Louisiana assets to NFR.
- Represented Arena in sale of east Texas assets to Rusk Energy.
- Represented DJ Resources in acquisition of Rocky Mountain area properties from Liodier and Front Range.
- Represented Lime Rock with respect to acquisition of Texas oil and gas properties.
- Represented public energy company in acquisition of producing oil and gas properties located in San Juan Basin in New Mexico.
- Represented major independent oil and gas company in its sale in a tax-free merger to a publicly-traded energy company for stock and cash.
- Represented Black Stone Minerals Company in various acquisitions of minerals located in over 40 states from various sellers.
- Represented Marlin Energy Offshore in its acquisition of J.M. Huber’s shallow water Gulf properties.
- Represented Denali in the sale of multiple packages of oil and gas properties.
- Represented Endeavor in two separate sales of oil and gas assets to Devon and Lime Rock.
- Represented Energen in acquisition of oil and gas assets.
- Represented Encon in two oil and gas asset sales.
- Represented Santos USA in the sale to Opicoil of hydrocarbon interests located in waters of the State of Texas near the Brazos and Galveston area.
- Represented ONEOK in the purchase of large package of Wagner & Brown’s east Texas oil and gas properties.
- Served as Texas counsel in the sale of ONEOK’s East Texas oil and gas properties to TXOK.
- Represented Maverick Oil and Gas in its major lease play in Arkansas.
- Represented multiple clients in the purchase and sales of drilling rigs.
- Represented numerous portfolio companies and management teams in initial structuring of entities and acquisition of assets.
- Represented Black Stone Minerals Company in purchase of production payment relating to coal seam assets in West Virginia and surrounding states.
- Represented public energy company in the acquisition of producing oil and gas properties located in San Juan Basin in New Mexico.
- Represented Shell in connection with unit issues in south Texas.