Welborn’s oil and gas transactional team has a reputation for combining its deep industry knowledge with practical, business-oriented solutions to provide its clients with expert representation in sophisticated oil and gas transactions as well as commercial agreements related to the day-to-day operation of oil and gas companies. We advise clients of all sizes in acquisitions and divestitures of upstream and midstream assets and in equity transactions, and our oil and gas transactional attorneys frequently work closely with our team of title attorneys, outside environmental consultants, petroleum engineers, financial institutions and landmen to coordinate and conduct all aspects of the due diligence process. Simply put, we get deals done.
Our oil and gas transactional team is nationally recognized by Chambers USA, and our attorneys are recognized in Super Lawyers, The Best Lawyers in America®, Who’s Who in Energy, and Top Women in Energy.
We handle a wide range of oil and gas transactions, including the following:
- Mergers, acquisitions and divestitures
- DrillCo transactions
- Joint ventures
- Farmout agreements
- Oilfield services agreements
- Marketing and sales agreements
- Surface use agreements
- Midstream gathering, processing and transportation agreements
- Water gathering and disposal agreements
- Leasing and permitting
- Joint operating agreements
- Master services agreements
REPRESENTATIVE TRANSACTIONS:
- Divestiture by public oil and gas company of upstream assets in Wyoming for $350 million
- Acquisitions by public oil and gas company of upstream and midstream assets in Appalachian Basin with aggregate value in excess of $100 million
- Exchange of 25,000 acres in DJ Basin valued at $130 million
- Acquisition by public oil and gas company of upstream and midstream assets in the Ventura Basin of California valued in excess of $40 million
- Numerous asset exchange agreements covering leasehold interests and producing and non-producing wells in Colorado and Wyoming
- Divestiture of produced water infrastructure and concurrent acreage dedication agreement in Permian Basin
- DrillCo joint ventures by private oil and gas company in the Permian Basin in excess of $250 million
- Divestiture of midstream assets in Colorado in excess of $590 million
- Acquisition of membership interests representing majority of Appalachian-based natural gas company for $58 million
- Representation of natural gas company in $500 million senior secured credit facility with an initial borrowing base of $75 million
- Numerous farmout agreements of leasehold interests in the Powder River Basin
- Acquisition of oil and gas properties in Colorado and Utah in excess of $290 million
- Divestiture of Montana oil and gas properties in excess of $200 million
- Representation of management team of privately held oil and gas company in private equity transaction with a $500 million capital commitment
- Merger of two public corporations in the energy sector valued in excess of $100 million
- Reverse merger of a privately-held oil and gas company into a reporting public company shell
- $50 million disposition by the principal owner of interests in family-owned oil and gas businesses
- Acquisition and management of multiple Rocky Mountain Fuel properties in Colorado, including surface leases, water rights, mineral rights, and coal/oil/gas royalties, covering approximately 32,000 acres
- Sale of oil and gas interests in in North Dakota for in excess of $100 million
- Representation of sellers in the negotiation of a purchase and sale agreement, joint venture agreement, and a joint operating agreement in the sale of 80% of their interests in a producing field in South Texas to a Canadian energy trust for $118 million