Eduardo Canales

Counsel

Areas of Focus

Eduardo Canales

Counsel

ecanales@akingump.com

Areas of Focus

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Biography
  • Advises clients on domestic and international oil, gas, mining and renewable energy transactions.
  • Focuses on M&A, project development, joint ventures and corporate matters.

Eduardo Canales counsels public and private companies and private equity funds in complex, multijurisdictional transactions including:

  • Mergers and acquisitions (M&A)
  • Divestitures
  • Joint ventures
  • Project development

Eduardo represents developers, sponsors and investors in acquisitions, divestitures, development and operation of oil, gas, mining and renewable energy projects.

Eduardo has a particular focus on the upstream, midstream and oilfield services sectors and provides ongoing advice to clients on a variety of matters, including:

  • Corporate governance and formation, including country entry
  • Engineering, procurement and construction (EPC) agreements
  • Gathering, transportation, treating, supply and offtake agreements
  • Joint and unit operating agreements
  • Joint ventures including farmouts, participation agreements and joint development agreements
Representative Work
  • Represented Apache Corporation in its joint venture with Total S.A. to explore and develop Block 58 offshore Suriname, which included consideration of $175 million in cash and over $5 billion carry on appraisal and development costs.
  • Represented DEA Deutsche Erodel AG in its acquisition of Sierra Oil and Gas for more than $500 million, including the Zama discovery and six exploration and appraisal blocks, offshore Mexico.
  • Advised an industrial conglomerate in the acquisition of interests in a mining company that owned a mining concessions in Angola and assisted in the negotiation of the joint venture thereafter.
  • Represented one of the world’s leading specialists in low carbon energy infrastructure, in its construction debt and tax equity financing of a 300 MW wind project in Texas.
  • Advised Diamondback Energy Inc. in connection with its $9.2 billion all-stock merger with Energen Corporation.
  • Represented a public exploration and production (E&P) company in a joint development agreement with private equity fund in connection with a $2.3 billion acquisition of Eagle Ford Shale assets.
    Advised a public E&P company in a series of asset acquisitions in the Midland Basin totaling over $700 million.
  • Counseled Rattler Midstream LP in connection with its $765 million initial public offering of common units.
  • Represented one of the U.S.’s largest solar manufacturers and developers in the financing, acquisition, development and divestiture of numerous domestic solar projects.
  • Counseled a major E&P company in a series of five divestitures of producing properties in south and east Texas, Louisiana and Mississippi totaling over $1.2 billion.
  • Represented a public E&P company in the divestiture of all of its assets in certain shale plays located in Texas and Louisiana totaling over $500 million.
  • Acted as counsel to an international oil and gas trading and marketing company on multiple projects, including a sale of a West Texas terminal for more than $750 million.
  • Served as counsel to a major offshore drilling company in the divestiture of its jack-up drilling rig and liftboat fleets worldwide.
  • Advised private equity funds in the acquisition of a petrochemical facility, an oil and gas services company and drilling equipment.
  • Counseled a Mexican governmental agency regarding the implementation of energy reforms for the country’s first international oil and gas licensing round.
  • Represented an international public company in the negotiation, formation and implementation of a joint venture to establish and construct a petroleum products port and terminal in Mexico.
  • Advised PJSC LUKOIL Oil Company in acquiring stranded assets from Chevron Corporation, successfully increasing the client’s assets outside of Russia, which was a strategic goal for the company.
  • Counseled a global private equity firm in the acquisition of, and related shareholder financing agreements for, oil and gas assets in Colombia. The transaction allowed the client to gain a foothold in a strategic oil and gas province by year-end 2017. This timing was critical to the client’s business goals.
  • Represented an international energy conglomerate in the negotiation of offtake agreements for a liquefied natural gas (LNG) export facility in the U.S.
  • Assisted one of the largest oil producers in the Gulf of Mexico with a suite of agreements for the development, construction and installation of two large fixed-leg offshore oil and gas platforms.

Languages
  • English

  • Spanish

Education
  • LL.M., University of Houston Law Center, 2017

  • J.D., University of Illinois College of Law, cum laude, 2013

  • B.A., University of Texas at Austin, 2009

Bar Admissions
  • Texas

Recognitions
  • The Legal 500 Latin America, Projects and Energy, 2021.
  • Latino Lawyers Magazine, Top Latino Lawyers, 2020.
Affiliations and Public Service
  • Member, World Affairs Council, 2015-present.
  • Member, Houston Bar Association, 2015-present.
  • Member, Houston Young Lawyers Association, 2015-present.
  • Member, Young Professionals in Energy, 2015-present.
  • Member, Association of International Petroleum Negotiators, 2015-present.
  • Member, Institute for Energy Law, 2015-present.
  • Member, Hispanic National Bar Association, 2015-present.
  • Member, Pathfinder Program, Leadership Council on Legal Diversity, 2019-present.
  • Vice Chair, Akin Gump Latinx Firm Resource Group, 2018-present.
Speeches and Publications
  • “Risk Mitigation in International Energy Ventures,” Institute for Energy Law, (Webinar, August 26, 2020).

Insights and Achievements

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