Terry Radney practices in the areas of oil, gas and energy, infrastructure project development and real estate law. His experience includes mergers, acquisitions, divestitures, development and commercial agreements for all types of energy and real estate assets, including oil and gas properties, pipelines, processing plants, storage facilities, power plants, wind farms, biodiesel, ethanol and other types of alternative energy plants, refineries, district energy assets, office buildings, apartment complexes and retail centers. He routinely negotiates purchase and sale agreements, leases, exploration agreements, development agreements, operating agreements, construction contracts, service agreements, drilling contracts, farm-outs, commodity purchase agreements, processing agreements, exchange agreements, fractionation agreements, transportation agreements, storage agreements, gathering agreements, and numerous other types of energy and real estate related agreements.
Mr. Radney is also actively involved in the development of domestic and international infrastructure projects, including the drafting and negotiation of project documents such as power purchase agreements, off-take agreements, engineering, procurement and construction (EPC) contracts, turbine purchase agreements, operation and maintenance agreements, long-term service agreements, financing agreements and various other types of project development agreements. In particular, Mr. Radney has extensive experience drafting and negotiating EPC contracts over the last twenty years, having negotiated such agreements for both domestic and international projects, including electric power, ethanol and biodiesel plants.
Representative Upstream Experience
- Represented El Paso Energy in $7,150,000,000 leveraged buyout to a private equity consortium led by Apollo Group.
- Represented SandRidge Energy in $2,600,000,000 sale of oil and gas properties in the Permian Basin, Texas, to Sheridan Production Company.
- Represented Helix Energy Solutions Group in $620,000,000 sale of offshore Gulf of Mexico oil and gas properties to Talos Energy LLC.
- Represented public oil and gas company in negotiations for the acquisition of oil and gas properties for $1,800,000,000.
- Represented private oil and gas company in $640,000,000 sale of oil and gas properties in Bakken Shale, North Dakota.
- Represented wholly-owned subsidiary of public energy company in $263,000,000 acquisition of producing oil and gas properties located in San Juan Basin, New Mexico.
- Represented Energen Resources Corporation in numerous acquisitions of producing oil and gas properties located in Permian Basin, Texas, for over $1,200,000,000.
- Represented private oil and gas company in $150,000,000 sale of oil and gas properties in Haynesville Shale, Texas.
- Represented private oil and gas company in the formation of a joint venture with an international energy company pursuant to a Drilling and Development Agreement covering approximately 50,000 acres in the Bakken Shale, North Dakota.
- Represented public energy company in connection with the acquisition of capital from a private equity company pursuant to a Participation Agreement to fund the public energy company’s drilling program in the Permian Basin.
- Represented private company in $52,000,000 acquisition of private oil and gas company.
- Represented wholly-owned subsidiary of public energy company in $25,800,000 acquisition of producing oil and gas properties located in San Juan Basin, New Mexico.
- Represented various partnerships owned by major public investment company in sale of federal off-shore producing oil and gas properties.
- Represented public oil and gas company in sale of wholly-owned Indian subsidiary holding oil and gas concession covering properties located off-shore India.
Representative Midstream Experience
- Represented public energy company in the acquisition and development of gathering and processing assets with capacity in excess of 4 Bcf per day serving major fields in the Rocky Mountains, including negotiation of gathering and/or processing agreements with Exxon, Chevron, BP, Shell, EnCana, Oxy, Marathon, Plains, Ultra, Williams, Whiting, Bill Barrett, Delta, MMS, Orion, Savage, Dominion, Arrowhead, DCP Midstream, Questar and others.
- Represented public energy company in the acquisition and development of gathering, processing and transportation assets with capacity in excess of 2 Bcf per day of gas and 300,000 per day of crude oil serving the Eagle Ford Shale, including negotiation of gathering, processing and/or transportation agreements with EOG, Chesapeake, Pioneer, Anadarko, El Paso, PetroHawk, GeoSouthern, Plains, Talisman, Statoil and others.
- Represented public energy company in the acquisition and development of gathering and processing assets in the Marcellus and Utica Shale, including negotiation of numerous gathering and processing agreements.
- Represented public energy company in the acquisition and development of gathering and processing assets in the Haynesville Shale, including negotiation of numerous gathering and processing agreements.
- Represented public energy company in $91,000,000 acquisition of natural gas liquids pipelines located in Texas.
- Represented public energy company in $40,000,000 acquisition of natural gas liquids fractionation facilities located in Colorado.
- Represented public energy company in spinning off its gathering assets into a proposed joint venture with a public midstream company to further develop such assets and support its production in a major West Texas gas field.
- Represented public energy company in $125,000,000 acquisition of natural gas gathering pipeline system.
- Represented public energy company in $100,000,000 acquisition of natural gas gathering pipeline system.
- Represented public oil and gas company in $200,000,000 sale of gas gathering system in Permian Basin, Texas.
- Represented public energy company in formation of joint venture with private energy company for natural gas liquid underground storage facilities and related transportation.
- Represented public energy company in the complex restructuring of commercial agreements in connection with a gas processing, fractionation and storage facility located in Louisiana which handles gas produced in the Gulf of Mexico including, processing agreements, interconnection agreements, transportation agreements, storage agreements, marketing agreements, purchase agreements and exchange agreements.
- Represented public energy company in the formation of the White River Hub.
- Represented major energy private equity firm in negotiating a proposed joint venture with Chesapeake Energy to develop gathering and processing assets to support Chesapeake’s drilling programs.
- Represented public financial company in connection with a Master ISDA Agreement with Chesapeake Energy.
Representative Infrastructure Project Development Experience
- Represented foreign public investment company in $160,000,000 acquisition of district energy assets in two major United States cities.
- Represented public energy company in numerous propylene purchase, sales, processing and exchange agreements.
- Represented public energy company in all facets of the development of a 588 megawatt cogeneration plant.
- Represented public energy company in the acquisition of a 263 megawatt cogeneration plant located in Texas.
- Represented public energy company in the negotiation of an engineering, procurement and construction contract for an electric power plant in Brazil.
- Represented private energy companies in the negotiation of engineering, procurement and construction contracts for ethanol and biodiesel projects in Texas.
- Represented various private real estate companies in the development, leasing, financing and disposition of numerous commercial, retail and industrial real estate developments.
Education
- J.D., Baylor University School of Law, 1989
- B.S., Finance, magna cum laude, Texas A&M University, 1981
Bar Admissions
Professional History
- Partner, Locke Lord LLP
- Fulbright & Jaworski, LLP (1989 - 2000)
Professional Affiliations & Achievements
- Member, Rocky Mountain Mineral Law Foundation
- Member, Houston Bar Association (Real Estate and Oil, Gas and Mineral Law Sections)
- Past Chair, Oil, Gas and Mineral Law Section of Houston Bar Association
- Past Chair, Real Estate Section of Houston Bar Association
- Member, State Bar of Texas
Community Leadership
- Active in Chapelwood United Methodist Church
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