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.
Legal 500 Editorial commentary
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.
Practice head
Bill Swanstrom; Terry Radney
Other key lawyers
Henry Benton; David Wilhelm; Jon William Daly; Kevin Peter; Jennie Simmons; Hunter Summerford; Case Towslee
