Troutman Pepper Locke LLP has a growing energy transactional practice, following the merger between Troutman Pepper and Locke Lord. The team works across exploration and production to gathering, processing, storage, and transportation, particularly on midstream M&A transactions. Based in Houston, Bill Swanstrom and Terry Radney lead the practice. Swanstrom is a veteran in energy transactional work in the midstream sector, while Radney offers extensive experience with oil and gas assets, pipelines, processing plants, and refineries. Dallas-based Henry Benton adds to the practice’s ability in M&A, private equity, and midstream and upstream transactions. David Wilhelm is a key contact for midstream commercial and M&A transaction agreements. Case Towslee is a rising practitioner in upstream and midstream transactions. Wilhelm and Towslee are both in Houston.
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Key clients

  • The Energy and Minerals Group
  • Summit Midstream Partners, LP
  • Pinnacle Midstream, LLC
  • Western Midstream Partners, LP
  • Global Energy Capital
  • Adam Resources & Energy, Inc.
  • BPX Production Company
  • Kinetik Holdings Inc.
  • ARB MIdstream
  • OFS Energy Fund
  • Enterprise Products Partners, L.P.
  • Renegade Infrastructure LLC

Work highlights

Represented Enterprise Products Partners in the acquisition of a natural gas gathering affiliate of Occidental in a debt-free transaction for $580m in cash consideration.
Represented Pinnacle Midstream in its sale to Phillips 66 for $550m.
Represented Summit Midstream Corporation in several acquisition transactions including: (1) the acquisition of Tall Oak Midstream III, in a cash-and-stock transaction valued at approximately $425m with $25m contingent consideration in December 2024, and (2) the acquisition of Moonrise Midstream from Fundare Resources Company Holdco, LLC, for a total consideration of $90m.

Lawyers

Leading associates

Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

 Case Towslee
Case Towslee
Practice head

Bill Swanstrom; Terry Radney

Other key lawyers

Henry Benton; David Wilhelm; Jon William Daly; Kevin Peter; Jennie Simmons; Hunter Summerford; Case Towslee