James McAnelly III
Partner
Jeri Bartush-Pirtle
713.223.2300 x2012
James McAnelly represents oil, gas and energy industry clients in a broad range of oil and gas transactions, including the purchase, sale and/or financing of exploration and producing properties, processing plants, production and storage facilities and pipeline systems, as well as day-to-day operational representation. He also assists in the formation of joint ventures and partnerships for the funding, acquisition, operation and development of energy projects. He also has represented investors and lenders to coal mining operations and development projects.
Mr. McAnelly's finance practice focuses on the representation of commercial banks, investment banks and hedge funds in energy lending. He also represents lenders in structured finance and off-balance sheet transactions.
Representative Matters
Upstream
Represented Eni Petroleum in the $4.7B acquisition of Dominion's OCS Gulf of Mexico Assets.
Represented the majority working interest owner in the acquisition and documentation of oil and gas leases (35,000+ acres) in an east Texas gas play, the negotiation and documentation of various exploration and development agreements involving those oil and gas leases, the negotiation and documentation of various service provider contracts including drilling contracts and field services contracts and the negotiation and documentation of a JV for the ownership and operation of a gathering system related to the discovered field.
Represented large, integrated multi-national oil and gas company in various Gulf of Mexico OCS transactions from 2001 to the present, including the formation and documentation of a joint venture to drill five prospects with another industry player and the acquisition of all the stock of a publicly-traded E&P company in a recent 2005 transaction.
Represented subsidiary of a Fortune 500 company in various upstream acquisitions since 2000, including the $240 million purchase of oil and gas working interest and gathering pipeline assets from Marathon in the Permian Basin in Texas.
Represented a large independent in various acquisitions of producing properties and prospects in the Barnett Shale area of north Texas since 2004.
Represented the majority partner in the formation of a limited partnership to acquire and develop conventional oil and gas properties in Oklahoma and coal bed methane properties in north central Louisiana.
Represented seller in $50 million sale of partnership interests of limited partnership that owned producing oil and gas properties in south Texas.
Midstream
Represented a Fortune 500 midstream gas company in numerous acquisitions and divestitures of midstream assets since 2000 including the 2002 $750 million purchase of a subsidiary of a large, integrated oil and gas company that owned a Texas intrastate gas pipeline system and two south gas storage facilities, and the 2004 $100 million purchase of oil pipeline and refining assets located in west Texas.
Represented another master limited partnership in various acquisitions of midstream assets including the acquisition of a large gathering system, processing plant, off-take pipeline and rail loading facility located on-shore in California.
Finance
Represent various money center banks and regional banks in lending transactions to all facets of the energy industry including both upstream E&P companies and midstream companies.
Represent borrowers and target companies in their energy loan and structured finance transactions with banks, hedge funds and other capital providers.
Represent hedge funds in their various transactions related to the energy arena.
Publications and Speeches
"Careers in Oil and Gas," University of Texas Law School Journal of Oil Gas & Energy Law, 2005, 2006 and 2007.
"Capital Perspectives: Eni Acquires Dominion Offshore Gulf of Mexico Assets," Oil & Gas Financial Journal, August 2007.
Education
J.D., The University of Texas School of Law, 1993
B.B.A., with honors, The University of Texas at Austin, 1990
Bar Admissions
Texas
Affiliations
State Bar of Texas, Oil and Gas Section
Institute for Energy Law, Advisory Board
Rocky Mountain Mineral Law Foundation
Noteworthy
Texas Journal of Oil, Gas and Energy Law, Board of Advisors
Texas Monthly Super Lawyer, Oil and Gas, 2003-2005