Swanstrom, Bill

Bill Swanstrom

Partner
‎“…an incredibly talented lawyer who is an excellent resource for ‎clients,” Chambers USA
RELATED SERVICES

Bill Swanstrom serves as Co-Chair of the Firm's Energy Practice Group. Bill has over 30 years of experience working with energy companies in their significant acquisition, divestiture, project development and finance activities. He also has substantial experience in energy private equity transactions, representing both investors and companies. He is a regular speaker and writes on energy M&A and project development issues.

Bill Swanstrom serves as Co-Chair of the Firm's Energy Practice Group. Bill has over 30 years of experience working with energy companies in their significant acquisition, divestiture, project development and finance activities. He also has substantial experience in energy private equity transactions, representing both investors and companies. He is a regular speaker and writes on energy M&A and project development issues.

Bill’s representative experience includes advising:

  • Medallion Midstream Services in the sale of its natural gas gathering processing business to Cardinal Midstream Partners
  • ArcLight Capital Partners in the sale of Pride Convenience Holdings, LLC, to ARKO for approximately $230 million
  • Summit Midstream Partners in its acquisitions of Outrigger DJ Midstream LLC from Outrigger Energy II LLC and of Sterling Energy Investments LLC, Grasslands Energy Marketing LLC and Centennial Water Pipelines LLC from Sterling Investment Holdings LLC, totaling $305 million
  • Summit Midstream Partners in its $40 million sale of Bison Midstream gas gathering system to Steel Reef Infrastructure Corporation
  • Crestwood Equity Partners LP in the divestiture of its Marcellus natural gas gathering and compression assets to Antero Midstream Corporation for $205 million
  • Summit Midstream Partners in the sale of the Lane Gathering and Processing System in Delaware Basin to a subsidiary of Matador Resources
  • Crestwood Equity Partners LP in its divestiture of Barnett Shale assets to EnLink Midstream
  • ArcLight Capital Partners, LLC, in its acquisition of Pride convenience stores
  • Tall Oak Midstream and TW Midcon Holdings, LLC, portfolio companies of Tailwater Capital, in the acquisition of Redcliff Midstream, LLC, from Canyon Midstream Partners II, LLC
  • Race Rock Group in its acquisition of Structural and Steel Products, Inc. and its related entities, from Highland Capital Management for an undisclosed value
  • Crestwood Equity Partners LP in its acquisition of terminaling and storage assets in several states from Plains All American Pipeline, LP, for approximately $160 million
  • ENGIE in the sale of its Waterbury power plant, a gas-fired power plant in Connecticut, to Hull Street Capital
  • NextEra Energy Partners LP in its $1.37 billion acquisition of Meade Pipeline Co LLC, and its interest in the Central Penn Line
  • Nuevo Midstream Dos, LLC, in its acquisition of Republic Midstream, LLC, from an affiliate of ArcLight Capital Partners
  • AEC Partners in its sale of Generation Pipeline to NEXUS Gas Transmission, LLC, a joint venture of DTE Energy Company and Enbridge, Inc. for approximately $160 million. Generation Pipeline is a 23-mile natural gas pipeline extending across three counties in Northern Ohio
  • Conflicts Committee of Spectra Energy Partners, LP (SEP), in its completed conversion of all of Enbridge Inc.’s incentive distribution rights (IDRs) and general partner economic interests in SEP into 172.5 million newly issued SEP common units
  • Saddle Butte Rockies Midstream, LLC, and affiliates in its $638.5 million acquisition by Black Diamond Gathering, LLC, a newly formed joint venture by Noble Midstream Partners LP and Greenfield Midstream, LLC
  • Silver Creek Midstream, LLC, a portfolio company of Tailwater Capital, LLC, in its acquisition of Red Butte Pipe Line LLC
  • Medallion Gathering & Processing, LLC, in its $1.825 billion sale to an affiliate of Global Infrastructure Partners
  • Tailwater Capital, LLC, in its sale of Align Midstream, LLC, to Enable Midstream Partners, LP, for approximately $300 million
  • Stronghold, Ltd., and Stronghold Specialty, Ltd., in their sale to Quanta Services, Inc., for $450 million base consideration with a maximum additional contingent consideration of $100 million
  • American Midstream Partners LP in its merger with JP Energy Partners LP
  • Targa Resources Corp. in its acquisition of 100 percent of the membership interests of Outrigger Delaware Operating LLC, Outrigger Southern Delaware Operating LLC and Outrigger Midland Operating LLC from Outrigger Energy LLC for $565 million plus potential earnout
  • One of the world’s largest wind developers in its acquisition of a 6,000 MW portfolio of wind and solar development projects across the United States
  • Lucid Energy Group II, LLC, in its acquisition of all outstanding stock of Agave Energy Holdings Inc. and the purchase of certain assets from Agave Energy Company
  • NextEra Energy Partners, LP, in its $2.1 billion acquisition of NET Midstream
  • Conflicts Committee of Crestwood Equity Partners LP in its merger with Crestwood Midstream Partners LP to create a single publicly traded partnership with an enterprise value of $7.5 billion
  • Cleco Corporation in its $4.7 billion acquisition by a North American investor group
  • Louisiana LNG Energy, LLC, in its sale to Parallax Energy
RELATED EXPERIENCE
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CREDENTIALS
Education
  • J.D., with high honors, The University of Texas School of Law, 1988
    Chancellors,
    Order of the Coif,
    Texas Law Review
  • B.A., English and Economics, summa cum laude, Southern Methodist University, 1984
    Phi Beta Kappa
Bar Admissions
  • Texas, 1988
Professional Affiliations
    • Board of Directors, Rice Alliance
    • Fellow, Texas Bar Foundation
    • Member, Federal Energy Bar Association
    • Member, Houston Bar Association
    • Member, State Bar of Texas
Awards & Recognitions
    • Recognized, The Legal 500 United States, Achievements in the Energy Transactions: Oil and Gas Practice (2023)
    • Named, Leading Energy Lawyer, Lawdragon (2023-2024)
    • Named, Chambers USA, Texas Corporate/M&A and Nationwide Energy: Oil & Gas (Transactional) (2009-2023)
    • Named, The Best Lawyers in America®, Energy Law and Oil and Gas Law (2013-2024), Mergers and Acquisitions Law (2024)
    • Recognized, Texas Trailblazer, Texas Lawyer (2019)
    • Recognized, Midstream Deal of the Year, Corporate Growth Houston (2018)
    • Recognized, “Who's Who in Energy,” Houston Business Journal (2014-2015)
    • Recognized, Top 5 M&A lawyers in Texas, Texas Lawyer's Go-To Lawyer Guide (2012)
    • Recognized, Texas Super Lawyers®, Mergers & Acquisitions and Energy & Natural Resources (2003-2004, 2009-2019)
Community Leadership
    • Executive Committee and Board of Directors, Junior Achievement
    • Board of Directors, Texas Business Hall of Fame
    • Board of Directors, Society for the Performing Arts