James Robertson’s practice focuses on oil and gas M&A transactions, with an emphasis on upstream and midstream acquisitions and divestitures, joint ventures, and private equity investments.
Practice & Background
James Robertson represents exploration and production companies, midstream companies and private equity clients and portfolio companies in mergers and acquisitions, joint ventures and other oil and gas joint development transactions. In particular, Mr. Robertson’s practice focuses on acquisitions and divestitures of upstream and midstream asset packages and private companies, formation of joint ventures with both strategic and private equity partners, and drafting and negotiating exploration and development agreements, participation agreements, drilling program agreements (including “drillco” transactions), joint operating agreements and other contracts utilized in the oil and gas industry.
Upstream and Midstream Mergers and Acquisitions
- Anadarko Petroleum Corp in its $2.3 billion sale of its Eagle Ford assets to Sanchez Energy and Blackstone Energy Partners
- Enduring Resources, LLC in its $2.5 billion sale of its Permian Business Unit to American Energy
- Reliance Holding USA, Inc. in its $2.15 billion sale to Enterprise Products Partners LP
- Newfield Exploration in its $390 million sale to Protégé Energy of its Eagle Ford and South Texas assets
- A private equity company in its acquisition of, and subsequent joint sale to SM Energy of, oil and gas assets in Howard and Martin Counties, Texas
- Bold Energy III LLC in its combination with Earthstone Energy, Inc.
- Riverstone in its $1.6 billion acquisition of Centennial Resource Development, Inc.
- Freeport-McMoRan Oil & Gas in its $1.8 billion acquisition of the Deepwater assets in the Gulf of Mexico from Apache Corporation
- Representation of a private equity company in its acquisition of interests in 28 deep-water Gulf of Mexico leases and structuring, negotiating and implementing (i) Participation Agreement calling for a minimum expenditure of $600 million and (ii) Management Services Agreement
- Energy Transfer Equity LP in its $1.0 billion acquisition of Trunkline LNG Company, a provider of bulk storage and regasification of liquefied natural gas
- EXCO Resources Inc in its $1 billion acquisition of the Northern Eagle Ford and Haynesville Shale assets located in Texas and Louisiana owned by Chesapeake Energy Corporation
- EXCO Resources Inc in its $131 million acquisition of certain conventional oil and natural gas assets in East Texas and North Louisiana from an affiliate of BG Group Plc
- Triangle Petroleum Corporation in its $120 million acquisition of Williston Basin oil & gas producing properties located in North Dakota and Montana
- Rosetta Resources Inc in its $85 million acquisition of Delaware Basin assets
- Rosetta Resources Inc in its $3.9 billion sale to Noble Energy, Inc.
- Trilantic Capital Partners IV LP in its investment in a newly formed oil and gas exploration and production company
- A private equity company in its acquisition of 160,000 acres in South Texas from a private exploration and production company
- A private upstream exploration and production company in its formation of a partnership with a private equity firm
Upstream and Midstream Joint Ventures
- Consolidated Edison, Inc. in its formation of a $2 billion natural gas pipeline and storage joint venture with Crestwood Equity Partners LP
- CONSOL Energy in its separation of its Marcellus/Utica joint venture with Noble Energy, Inc.
- Continental Resources, Inc. in its $360 million joint venture with SK E&S Co Ltd for 49.9% stake in undeveloped acreage of Woodford natural gas property
- Swift Energy Operating, LLC in its $175 million joint venture with PT Saka Energi Indonesia for 36% stake in undeveloped acreage of Eagle Ford property
- EXCO Resources Inc. in its $131 million joint venture with Kohlberg Kravis Roberts for 50% stake in undeveloped acreage of Eagle Ford property
Downstream and Oil and Gas Service Company Mergers and Acquisitions
- A private oilfield cementing and acidizing company in its $84 million sale to a publicly traded oilfield services company
- A private crude oil logistics company in the sale of its oil marketing, transportation and water disposal businesses
- A private well treatment company in its sale to a publicly traded oilfield services company
- A public oil and gas company in connection with a reverse like-kind Exchange comprised of multiple divestitures and acquisitions
- A private oil and gas company in connection with a reverse like-kind exchange of producing oil and gas property.
Awards & Accolades
- Associate Managing Editor, International Law Review Association (2010)
- Vice President, Midland County Young Lawyers Association (2011)
- Secretary, Midland County Young Lawyers Association (2012)