David A. Aaronson Partner

Securitizations, Mergers, Acquisitions, Divestitures And Joint Ventures

• Representation of investors in various rated securitizations of operated and non-operated PDP wellbore interests in basins across the United States.*
• Representation of a global investment firm in a joint acquisition of upstream oil and gas assets in Oklahoma with a publicly traded energy company from a private energy company and a related party.*
• Representation of a publicly traded oil and gas E&P company in its acquisition of Midland Basin assets from a private energy company (and a non-operating partner) for approximately $715 million, an acquisition that involved consideration consisting of both cash and common stock.*
• Representation of a private oil and gas company in the $465 million sale of its wholly owned upstream oil and gas subsidiary to a publicly traded Canadian energy company.*
• Representation of a global investment firm in connection with a $2 billion strategic partnership with an affiliate of a publicly traded energy company to jointly identify and acquire producing oil and gas assets in the continental United States.*
• Representation of an oil and gas company affiliated with a publicly traded international energy company in its $830 million acquisition of a publicly traded energy company’s Barnett Shale assets.*
• Representation of a private energy company and its subsidiaries in six separate transactions over a two-year period involving the acquisition of operated and non-operated interests in upstream and midstream oil and gas assets located in the Marcellus Shale region of Northeast Pennsylvania for an aggregate purchase price of $522 million.*
• Representation of the energy investment affiliate of a global financial institution in its $220 million volumetric production payment transaction with a publicly traded oil and gas company.*
• Representation of a private oil and gas company in the $525 million sale of its East Texas and North Louisiana assets to a private energy company.*
• Representation of a private oil and gas company in the sale of non-core assets in Converse County, Wyoming, in exchange for $44.4 million and 15,000 net acres from the purchaser.*
• Representation of a private energy investment firm in a $500 million strategic joint venture with an oil and gas operator.*
• Representation of a global investment management firm in its joint venture between its energy affiliate and a publicly traded oil and gas company to fund up to $500 million for the development of the operator’s flagship field located in the San Joaquin Basin.*
• Representation of a private energy investment fund in a $125 million strategic asset-level joint venture in the DJ Basin with a natural resources investment fund.*
• Representation of a Mexican oil and gas company in connection with the negotiation of operating agreements and related agreements for the acquisition and development of onshore oil and gas assets located in Mexico.*
• Representation of a private energy investment firm in a drillco transaction between its affiliate and a publicly traded oil and gas company to jointly develop acreage in the STACK play in Oklahoma.*
• Representation of a PE-backed portfolio company and management team in connection with a $150 million divestiture of operated and non-operated Powder River Basin assets to a publicly traded Canadian oil and gas company.*
• Representation of a private energy investment firm in a variety of investments in non-operated oil and gas assets across the continental United States, including acquisitions, divestitures, and asset-level joint ventures.*
• Representation of a global private equity firm and its portfolio companies in connection with a variety of oil and gas transactions, including acquisitions, divestitures, and asset-level joint ventures.*
• Representation of an upstream oil and gas portfolio company in an Eagle Ford Shale joint venture covering undeveloped properties that featured 100% carry consideration.*
• Representation of leading energy-focused private equity firms and their respective portfolio companies in a wide range of oil and gas-related acquisitions, divestitures, and asset-level joint venture transactions.*
• Representation of a private energy company in a variety of transactions, including acquisitions and divestitures of mineral properties located in the SCOOP and STACK plays in Oklahoma and joint venture arrangements for the acquisition and development of conventional oil and gas assets in Kansas.*
• Representation of a private oil and gas company in a variety of oil and gas-related joint ventures and acquisitions.*
• Representation of a Houston-based private equity fund in connection with the acquisition of the owner of non-operated Bakken Shale assets for $66.5 million.*
• Representation of a private Houston-based midstream company in the acquisition of crude oil trucking assets and related assets.*
• Representation of a large U.S.-based bank in the acquisition of a volumetric production payment from a non-operating private oil and gas company with assets across multiple states.*
• Representation of a Houston-based private equity fund in connection with an upstream oil and gas joint venture for the acquisition and development of assets located in Oklahoma.*
• Representation of a Japan-based company in the negotiation of agreements for a US$680 million acquisition and joint venture of Eagle Ford shale assets.*
• Representation of a Norwegian oil and gas company in a $225 million acquisition and joint venture of Eagle Ford shale assets.*
• Representation of a Japan-based oil and gas company in a US$590 million acquisition of upstream and midstream oil and gas assets located in Ohio and West Virginia.*
• Representation of a global energy company in the $1.15 billion disposition of its interest in a U.S. pipeline system.*
• Representation of a global mining company in the diligence phase of its $12.1 billion acquisition of a Houston-based oil and gas company.*
• Representation of a U.S.-based independent energy company in the nearly $900 million sale of its Malaysian exploration and production business, comprising interests in nine offshore blocks.*
• Representation of a Norwegian oil and gas company in its $390 million divestiture of an interest in its Marcellus and Utica shale assets.*
• Representation of a global energy company in the $680 million divestiture of its interest in an aluminum mill located in the United States.*
• Representation of a joint venture of seven nuclear power plant operators in the formation of a jointly owned entity, investments in the entity and related commercial arrangements.*

Project Finance And Development; Restructuring

• Representation of the U.S.-based arm of a foreign sovereign wealth fund in connection with its debt and equity financing of a privately-held borrower’s acquisition of a subsidiary of a publicly traded oil and gas company owning an operated interest in upstream oil and gas assets, as well as arrangements for the operation of related midstream assets.*
• Representation of a Second Lien Agent in connection with (i) the chapter 11 restructuring of Samson Resources Corporation and (ii) multiple sales of Samson Resources Corporation’s assets located in the Permian Basin, San Juan Basin, East Anadarko Basin, West Anadarko Basin and Williston Basin.*
• Representation of a private investment firm in its preferred equity investment in an oil and gas company for purposes of providing drilling capital in the Eagle Ford Shale, a structure that featured an initial issuance of preferred equity coupled with a second issuance if certain well performance hurdles are met.*
• Representation of a private investment firm in connection with a mezzanine oil and gas loan made to the privately held parent of a Texas-based oil and gas company that featured an issuance of warrants and a bespoke arrangement with the first lien lender.*Representation of a major U.S. energy company as the sponsor in the development of a $10 billion LNG export project in Cameron Parish, Louisiana, including the drafting and negotiation of the related equity arrangements, joint venture documents and the engineering, procurement and construction contract.*

* The above matters were handled by Mr. Aaronson prior to joining McGuireWoods LLP.