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W. James McAnelly III

McAnelly III, W. James

Partner

P +1.713.221.1194
F +1.713.222.3241
james.mcanelly@bgllp.com

Assistant

+1.713.221.3334

James (J. J.) 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.

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Representative Matters

Upstream
Represented SWEPI LP, a unit of Shell, in connection with the $1.9 billion acquisition from Chesapeake Energy Corporation of approximately 618,000 net acres of oil and gas properties in the Southern Delaware region of the Permian Basin.

Represented Three Rivers Acquisition LLC and Three Rivers Operating Company LLC in their sale of all their Permian Basin oil and gas producing assets to Concho Resources for $1B (2012).

Represented Kinder Morgan, as co-counsel, in connection with the $7.15 billion sale of El Paso's exploration and production business unit which included assets in the Eagle Ford Shale, Permian Basin, Haynesville Shale, Black Warrior Basin, Uintah Basin, Raton Basin, Powder River Basin, Gulf of Mexico, and in Egypt and Brazil.

Represented a large and integrated multi-national petroleum company in the $280M acquisition of Barnett Shale leasehold interests from Quicksilver Resources Inc. as well as the joint development arrangements for the exploration and development of the acreage.

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 a Fortune 100, non-E&P industry company with respect to various joint ventures with industry players in the wolfbone, niobrara and bakken shale plays.

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.

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 and divestitures 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

"Coming to America: Commercial and Legal Aspects of Foreign Investment in U.S. Oil and Gas Projects," 60th Annual Rocky Mountain Mineral Law Institute, July 2014

"Recent Legal Developments in the Roaring Utica Shale," Oil & Gas Financial Journal, May 8, 2014

"Overview of Trades: Joint Exploration and Joint Venture Agreements," Meeting of the American Association of Professional Landmen, June 2012.

"Unconventional Resources: Lessons Learned in Buying, Selling & Joint Venturing Shale Assets," Texas Energy Law Symposium, January 20, 2011.

"Hot to Form a Joint Venture," Energy Capital Forum, June 2010.

"Purchase and Sale Agreements in Hard Times," 35th Annual University of Texas School of Law Ernest E. Smith Oil, Gas and Mineral Law Institute, March 2009.

"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, Oil & Gas Practice Committee Chair; Executive Committee
Rocky Mountain Mineral Law Foundation
Texas Journal of Oil, Gas and Energy Law, Board of Advisors

Noteworthy

Chambers & Partners, Chambers Global, Energy: Oil & Gas (Transactional), 2011-2014
Chambers & Partners, Chambers USA, Energy: Oil & Gas (Transactional), 2010-2014; Energy & Natural Resources, 2009
Expert Guides to the World's Leading Energy and Natural Resource Lawyers, 2013
Legalease, The Legal 500 United States, Energy: Transactions, 2012-2013
Thomson Reuters, Texas Super Lawyers, 2003-2005