Steven Taylor
Associate
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Steven’s practice focuses on energy transactions with a particular emphasis on acquisitions and divestures in the upstream sector.
Key Matters
Some of the experience represented below may have been handled at a previous firm.
Pro Bono Experience
- The Frank Lloyd Wright School of Architecture (now, “The School of Architecture”) separated from the Frank Lloyd Wright Foundation, resulting in its move from Taliesin West to Cosanti and Arcosanti.
- An immigrant asylum-seeker who had been separated from his son under the U.S.’s well known family-separation policy introduced in 2018. After successfully having the client released from custody and reunited with his son, the two were featured in an episode of “Immigration Nation,” a six-series Netflix documentary.
Representative Matters
- Represented Warwick Capital Partners and GRP Energy Capital in its purchase and sale agreement to sell certain mineral and royalty interests to Viper Energy Partners LP, a subsidiary of Diamondback Energy Inc., for aggregate consideration of approximately US$1B, consisting of 9.02 million Viper common units and US$750M in cash.
- Represented Civitas Resources (NYSE: CIVI) on two definitive agreements to acquire Hibernia Energy III, LLC and Tap Rock Resources, LLC, portfolio companies of funds managed by NGP Energy Capital Management, L.L.C., for total consideration of US$4.7B.
- Represented Earthstone Energy, Inc. (NYSE: ESTE) and Northern Oil and Gas, Inc. (NYSE: NOG) in their US$1.5B Delaware Basin acquisition of oil and gas assets from Novo Oil & Gas Holdings, LLC.
- Represented Crescent Energy Company (NYSE: CRGY) in its US$600M acquisition of Western Eagle Ford assets from Mesquite Energy, Inc.
- Represented Quantum Energy Partners in its partnership with Bison Oil & Gas to form Bison Oil & Gas Partners IV, LLC with more than US$500M in equity capital commitments, and in closing multiple DJ Basin acquisitions.
- Represented Mesa Royalties II, LLC, in its divestiture of one-third of its Haynesville Shale mineral and royalty holdings to Saxum Haynesville I LLC.
- Represented Diamondback Energy, Inc. (NASDAQ: FANG) in its acquisition of all leasehold interest and related assets of Lario Permian, a unit of Lario Oil & Gas Company, in exchange for 4.18 million shares of Diamondback common stock and US$850M in cash.
- Represented Diamondback Energy, Inc. (NASDAQ: FANG) in its acquisition of all leasehold interest and related assets of FireBird Energy in exchange for 5.86 million shares of Diamondback common stock and US$775M in cash.
- Represented Santa Elena Minerals, LP in its US$150M sale to Viper Energy Partners LP of mineral and royalty interests in an all-equity transaction.
- Represented Wing Resources LLC and Wing Resources II LLC, portfolio companies of Natural Gas Partners, in the sale of Midland Basin oil and gas mineral interests to Alliance Resource Partners L.P.
- Represented Vine Oil & Gas LP, a former Blackstone portfolio company, in its acquisition from Chesapeake Energy Corporation of leasehold acreage in the Haynesville Shale along with Vine’s entrance into a joint development agreement with an undisclosed third party to develop the acreage.
- Represented Vine Oil & Gas LP in its sale of wells and leasehold in the Haynesville Shale.
- Represented LM Energy (f/k/a Longhorn Midstream) in the formation of a joint venture with an undisclosed producer to construct and develop a crude oil and gas gathering system and associated midstream infrastructure.
- Represented Zedi Inc., a technology and services company in the field of product operations, in the company’s proposed sale of its software and automation business to Emerson Electric Co. Verdad Resources Intermediate Holdings, LLC in the refinance of its term loan credit facility.
- Represented Sheridan Holding Company I and its affiliates, an oil and gas exploration and production company, in their Chapter 11 cases. With approximately US$600M in funded debt, Sheridan was the first one-day prepackaged Chapter 11 case in the Southern District of Texas, Houston Division.
- Represented Sheridan Holding Company II, LLC and its affiliates, an oil and natural gas investment fund, in their prepackaged chapter 11 restructuring to address over US$1.1B of funded debt obligations.
- Represented Oasis Petroleum Inc. in its multi-year litigation against plaintiff Mirada Energy, LLC related to Mirada’s asserted right to participate in Oasis’s midstream operations under the terms of multiple Participation Agreements and Joint Operating Agreements. The matter was settled in light of Chapter 11 proceedings.