Midstream and Upstream Joint Ventures in Oil & Gas: Structure Options, Transferability, Tax and Other Considerations
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will guide energy professionals on the market trends driving recent joint ventures (JVs) in the oil and gas industry. The panel will examine structuring JVs and the considerations to weigh in the midstream and upstream spaces, such as transferability, financing, preferential purchase rights, tax, and liability allocation. The panel will review DrillCos, a large-scale drilling joint venture arrangement.
Outline
- Market trends
- Midstream JV structures
- Upstream JV structures
- DrillCos
- Other structures
- Key Issues
- Midstream JVs
- Funding and Default
- Management
- Transfer Restrictions
- Future Capital Projects
- Area of Mutual Interest/Conflicts
- Upstream JVs
- Carry
- Transfer Restrictions
- Financing
- Consents / preferential purchase rights
- Tax Considerations
- Midstream JVs
Benefits
The panel will review these and other essential issues:
- What are the structuring alternatives for midstream and upstream JVs?
- What are the principal terms to negotiate when structuring DrillCos? What are the areas of potential concern with DrillCos?
- What are the formation and operational issues to address with upstream and midstream JVs?
Faculty
Robin S. Fredrickson
Partner
Latham & Watkins
Ms. Fredrickson represents exploration and production companies, midstream companies, and private equity clients in... | Read More
Ms. Fredrickson represents exploration and production companies, midstream companies, and private equity clients in mergers and acquisitions, corporate, and oil and gas transactions. Her practice focuses on acquisitions and divestitures of upstream and midstream energy assets; and formation of partnerships, limited liability companies, and joint venture for energy assets. She also drafts and negotiates exploration and development agreements, participation agreements, drilling program agreements, joint operating agreements, and other contracts relevant to the energy industry.
Close
Michael R. King
Partner
Latham & Watkins
Mr. King represents oil and gas companies and private equity sponsors in upstream and midstream transactional matters.... | Read More
Mr. King represents oil and gas companies and private equity sponsors in upstream and midstream transactional matters. His upstream practice has a particular focus on acquisitions and divestitures of oil and gas properties and project development. He also handles farm-ins and other joint ventures and related arrangements. His midstream practice includes matters relating to midstream joint ventures, gathering agreements, processing agreements, and fractionation agreements.
Close
Stephen C. Szalkowski
Partner
Latham & Watkins
Mr. Szalkowski focuses his practice on domestic energy transactions with an emphasis on acquisitions, joint ventures,... | Read More
Mr. Szalkowski focuses his practice on domestic energy transactions with an emphasis on acquisitions, joint ventures, and private equity investments in the upstream and midstream sectors. He has significant experience in joint ventures and other strategic combinations in connection with the development of upstream and midstream oil and gas assets; acquisitions and divestitures of upstream and midstream oil and gas assets and businesses; and upstream and midstream commercial contracts, including joint operating agreements, gathering agreements, and services agreements.
Close
Lauren A. Anderson
Partner
Latham & Watkins
Ms. Anderson focuses on mergers and acquisitions and general corporate matters for oil and gas industry participants.... | Read More
Ms. Anderson focuses on mergers and acquisitions and general corporate matters for oil and gas industry participants. She has experience advising public and private company acquisitions and dispositions; joint ventures and partnerships; private equity investments; and general corporate transactions.
Close
Christopher B. Bennett
Atty
Latham & Watkins
Mr. Bennett focuses his practice on domestic and international energy transactions, with an emphasis on mergers and... | Read More
Mr. Bennett focuses his practice on domestic and international energy transactions, with an emphasis on mergers and acquisitions. His experience includes acquisitions and divestitures of onshore and offshore upstream and midstream oil and gas assets and businesses; advising private equity clients in connection with investments in the energy industry; joint ventures and other strategic combinations in connection with the development of upstream and midstream oil and gas assets; and drafting and negotiating contracts crucial to the energy industry.
Close
Jim Cole
Partner
Latham & Watkins
Mr. Cole practices transactional tax involving mergers, acquisitions, restructurings, and capital markets transactions.... | Read More
Mr. Cole practices transactional tax involving mergers, acquisitions, restructurings, and capital markets transactions. He advises clients in the energy sector including publicly traded partnerships (PTPs), master limited partnerships (MLPs), corporations, private equity firms, and investment banks.
Close