Steve Davis has over 30 years of experience representing sponsors/developers and project companies, sellers and buyers, financial institutions, private equity investors and other parties on major transactions relating to oil and gas, LNG, midstream, pipeline, processing, petrochemical, power, refining, renewables and cleantech, as well as other energy industries. He was named Houston Energy Law 2013 “Lawyer of the Year” by The Best Lawyers in America®, as well as one of the Top 30 energy and natural resources lawyers in the United States by The Best of the Best USA 2016 as published by Expert Guides, a Euromoney publication. Mr. Davis spent 6½ years of his practice in the Asia-Pacific region, working on matters from Australia to South Korea and from India to the Philippines. In addition to his law degree, he holds an Honors degree in Chemical Engineering.
Practice & Background
Mr. Davis focuses his practice on the areas of mergers and acquisitions, joint ventures, foreign direct investment, private equity and venture capital, project finance and development, and restructuring and reorganization transactions.
Mr. Davis is an active participant in the international legal market, having worked on a wide range of transactions spanning five continents. He has traveled extensively in Asia, Australia, Europe, Southern Africa, the Middle East, and Central and South America, and has significant experience working in the Middle East/North Africa, Latin America and the Asia-Pacific region. For a number of years, Mr. Davis was named one of Asia’s Leading Lawyers in Asia Law & Practice surveys of practitioners in the region.
Mr. Davis is actively involved in a variety of organizations and is past Chair of the International Law Section of the State Bar of Texas. In addition, Mr. Davis is a member of the Texas Supreme Court Task Force on the Practice of International Law, the Association of International Petroleum Negotiators (AIPN) and the Houston Producers’ Forum and a past member of the board of directors for the World Affairs Council of Houston.
Prior to joining the firm, Mr. Davis worked in the Houston and Singapore offices of another international law firm. He has published numerous articles on a variety of international energy and finance topics and is a frequent speaker in numerous venues on international project finance and energy industry topics.
Mr. Davis’ recent representations include advising:
- a leading private equity firm in connection with its proposed development of a world-scale new-build petrochemical project to be constructed on the U.S. Gulf Coast
- an international refining and marketing company in connection with the sale of its interest in a Southeast Asian refinery
- a Korean conglomerate in connection with a “shale joint venture” involving acquisition of interests in U.S. oil and gas properties on a “cash and carry” basis
- Sinopec International Petroleum Exploration and Production Company (Sinopec) in connection with its agreement with Repsol Brasil to subscribe for new shares comprising 40 percent of the share capital of Repsol Brasil for an aggregate base consideration of $7.1 billion and related shareholder, subscription and diligence matters
- a U.S. independent oil and gas company in connection with its proposed sale of an interest in Canadian oil and gas assets for a purchase price of approximately U.S. $2 billion
- an Asian company in connection with a joint venture to develop LPG (propane, butane) export facilities on the U.S. Gulf Coast
- the project company in connection with the development of a proposed project to bring U.S. natural gas supplies by pipeline to Mexico and to build a floating LNG liquefaction facility to export LNG
- a consortium of companies in the $1.2 billion Corridor Project, the development and project financing of several large natural gas fields and gas pipeline and processing facilities in Sumatra, Indonesia. Gas will be transported via a newly constructed 540 km pipeline and a portion of it exchanged for up to 60,000 barrels per day of crude oil, which will be exported and sold for hard currency to a large trading company. This Corridor Block Gas Project was named Deal of the Year in Indonesia in Project & Trade Finance publication and Deal of the Year for Asia/Pacific in Project Finance International's Yearbook. The project was later extended to include a cross-border pipeline from Indonesia to Singapore
- the developer in connection with development of a proposed natural gas pipeline from Canada to the United States and back to Canada and of an LNG liquefaction project to export LNGM
- a large independent refiner in connection with its bid to acquire a large refinery located on the U.S. Gulf Coast
- a prominent private equity firm in connection with its bid to acquire a California refinery and related retail marketing assets
- a leading U.S. financial institution in connection with a joint venture with an Asian state-owned company to pursue acquisitions of U.S. oil and gas properties
- the seller in the U.S. $350 million sale of a Cayman Islands subsidiary that held producing oil and gas properties offshore India
- a leading U.S. private equity investor in connection with its acquisition of an interest in a Brazilian platform company pursuing E&P investments
- SK E&S Limited, a Korean conglomerate, in connection with its contract to acquire capacity in Train 3 of the Freeport LNG export project, including related regulatory, international trade and DOE matters
- India’s largest natural gas company, GAIL (India) Limited, in connection with its acquisition of capacity in Dominion’s Cove Point LNG export project and related regulatory, pipeline and gas supply matters, including extensive analysis of DOE non-FTA export authorization matters
- Neste Oy, a Finnish oil and chemical company, in connection with a U.S. $2.5 billion European-based international petrochemical joint venture involving 20 countries (at the time, the largest industrial merger in Scandinavia)
- an international petrochemical company in the sale of one of its business lines, which required complex structuring to carve the relevant assets out of a series of large, integrated facilities
- a U.S. chemical company in connection with its proposed purchase from a large Norwegian company of a group of companies and related petrochemical facilities in several European countries
- an international E&P company in obtaining financing from JOGMEC (Japan Oil, Gas and Metals National Corporation) in connection with the development of a U.S. oil and gas project
- a U.S. joint venture entity in connection with analysis of the implications of the spinoff of Phillips 66 by ConocoPhillips Company
- Chevron Phillips Chemical Company in the formation of Americas Styrenics LLC, a large international joint venture with The Dow Chemical Company that included production facilities in the U.S., Colombia, and Brazil, many of which were embedded in larger complexes, and other operations in four other countries
- an Asian energy company in connection with its bid to acquire interests in Nigerian oil mining leases and the related purchase and sale agreement
- matters relating to an acquisition of interests in troubled Philippine power companies from a troubled Singapore company and related restructuring issues
- matters related to the acquisitions of interests in power plants in Thailand, Indonesia, and the Philippines
- a Middle East investment group in its purchases of several drilling rigs from the Gulf of Mexico and their relocation to Southeast Asia for rehabilitation and repurposing
- a clean water technology and equipment company on transactions to raise funding for the further expansion of its business providing technology and equipment to treat flowback water from hydraulic fracturing of shale gas wells.
Awards & Accolades
- The Best Lawyers in America® in the practice areas of Energy Law, Corporate Law and International Trade and Finance Law (2005 to 2018)
- Selected as Legal Media Group’s (Euromoney's) Expert Guide to the World’s Leading Project Finance Lawyers (1999 to 2018)
- Selected as Legal Media Group’s (Euromoney’s) Expert Guide to the World’s Leading Banking & Finance Lawyers (2018)
- Selected as Legal Media Group’s (Euromoney's) Expert Guide to the World’s Leading Energy and Natural Resource Lawyers (1998 to 2018)
- Named a Lawyers Worldwide Award Magazine Innovative Lawyer 2017
- Selected as The International Who’s Who of Project Finance Lawyers (2013 to 2017)
- Selected as Expert Guide’s Best of the Best USA; Named a Top 30 Lawyer in the USA (2017)
- Selected as Expert Guides’ Guide to the World’s Leading Energy Lawyers (2013 to 2017)
- Houston Business Journal’s Who’s Who in Energy (2012-2017)
- Selected as Who’s Who Legal: Energy (2014 to 2017)
- Selected as a Leading Lawyer in Energy by The Legal 500 (2017)
- Selected as The International Who’s Who of Energy Lawyers (2017)
- Only Texas-based lawyer named to International Law Office/Lexology’s Client Choice Guide – USA & Canada, Energy & Natural Resources (2014)
- Selected as The International Who’s Who of Business Lawyers (2014)
- Named Houston Energy Law “Lawyer of the Year” by The Best Lawyers in America® (2013)
- Selected as Legal Media Group’s (Euromoney's) Best of the Best USA as “one of the top 25 energy lawyers in the United States” (2006, 2008, 2010, 2012)
- Selected as The International Who's Who of Oil & Gas Lawyers (2010 to 2012)
- Selected as Legal Media Group’s (Euromoney's) inaugural edition of the Expert Guide to Leading Practitioners: China, in Energy, M&A and Private Equity (2011, 2012)
- PLC Which Lawyer? Yearbook as a leading energy lawyer (2009 and 2010)
- “Top Notch Lawyer” in international law, Texas Lawyer’s Go-To Guide (2007).