Stephen Boone focuses on energy and oil and gas matters. Mr. Boone represents and counsels developers, exploration and production companies, private equity funds, purchasers and sellers in all aspects of upstream and midstream oil and gas transactions, including acquisitions, dispositions, joint ventures, financings, participation agreements, seismic agreements, contracts for drilling and other oil field service arrangements, operating agreements and other agreements related to the ownership and development of oil and gas properties.

Practice & Background

Prior to entering the legal field, Mr. Boone worked for a major engineering and construction firm in their petrochemical projects area.

Representative Matters

Unconventional, Offshore and Conventional Oil and Gas Transactions

  • represented Noble Energy in the exchange of approximately 25,000 net acres in the DJ Basin with PDC Energy for $270 million
  • represented a large independent oil and gas company in connection with various domestic upstream divestitures
  • represented a private equity portfolio company in connection with the acquisition of Permian assets
  • represented a global oil country tubular goods manufacturer in connection with various operational and commercial matters
  • represented Concho Resources in the exchange of approximately 21,000 net acres in Reeves County, Texas with Clayton Williams
  • represented a private equity portfolio company in connection with a joint venture to acquire, develop and operate Eagle Ford Shale assets
  • represented a private equity portfolio company in connection with the acquisition of various upstream assets
  • represented a large independent oil and gas company in connection with the development of Permian midstream assets
  • represented a private equity firm in connection with the development of South Texas upstream properties
  • represented a private equity portfolio company in connection with the development of saltwater disposal facilities
  • represented a private equity portfolio company in connection with its formation and the acquisition and financing of Eagle Ford Shale assets
  • represented a large independent oil and gas company in connection with a joint venture to acquire, develop and operate Permian assets
  • represented a large independent oil and gas company in connection with a joint venture to acquire, develop and operate Marcellus Shale assets
  • represented Concho Resources in connection with a joint venture to acquire, develop and operate a northern Delaware Basin crude oil transportation system
  • represented a private equity firm in connection with an equity investment in a private oil and gas company holding North Dakota oil and gas assets
  • represented a large independent oil and gas company in connection with the sale of Mid Con oil and gas properties
  • represented a privately held oil and gas company in connection with the sale of oil and gas assets located in the Permian Basin
  • represented a large independent oil and gas company in connection with the acquisition of Wattenberg Basin oil and gas properties
  • represented a large independent oil and gas company in connection with the negotiation and acquisition of a substantial leasehold position in the Eagle Ford Shale and all facets of development related thereto, including permitting and subcontractor negotiations
  • represented LRR Energy, L.P. in connection with multiple MLP drop-down acquisitions from Lime Rock Resources of oil and gas assets located in Oklahoma, New Mexico and Texas
  • represented Noble Energy, Inc. in its $617 million sale of mid-continent oil and gas assets in western Oklahoma and the Texas Panhandle to Unit Petroleum Corporation
  • represented a private equity firm in connection with an equity investment in a private oil and gas company holding Texas oil and gas assets
  • represented a large independent oil and gas company in connection with the merger and acquisition of a privately held entity holding 141,000 net mineral acres in the North Midland Basin
  • represented a privately held oil and gas company in connection with the sale of oil and gas assets located in the Permian Basin
  • represented a privately held entity in connection with the sale and joint development of approximately 30,000 net mineral acres of Bone Spring and Wolfbone formation oil and gas assets

Awards & Accolades

  • Recognized as a Texas Rising Star by Super Lawyers (2017)
  • Notes and Comments Editor, Baylor Law Review
  • Received Top Corporate Law Student Award by Baylor University School of Law (2010)