Energy – Downstream Oil & Gas

Vinson & Elkins works closely with oil and gas refiners, petrochemical companies, trading houses, investors, and lenders to downstream participants around the world. From environmental and regulatory concerns to a full spectrum of transactional and corporate advice, V&E lawyers have a detailed understanding of the market conditions that affect the downstream sector.
V&E projects lawyers are well regarded for their development and finance work, receiving several recent accolades on international downstream projects involving unique performance guarantee arrangements and complex financing arrangements. V&E represents sponsors, consortia and project companies, and lenders, as well as a variety of counterparties, including feedstock providers, offtakers, EPC contractors, and licensors.
V&E has in recent years worked on groundbreaking transactions. Our lawyers have significant experience in mergers, acquisitions, joint ventures and investments in the refining and petrochemicals sector. We advise downstream clients in their initial public offerings (including master limited partnerships) and follow-on debt and equity offerings, in addition to providing corporate governance and securities advice to both public and private companies.
Experience Highlights
Sunoco LP (NYSE: SUN) in its $9.1 billion acquisition of Parkland Corporation (TSX: PKI) (pending)
OCI Global in its entry into a binding equity purchase agreement for the sale of 100% of its equity interests in its clean ammonia project under construction in Beaumont, Texas for purchase price consideration of $2.35 billion, on a cash-free, debt-free basis
Sunoco in the $1 billion sale of 204 convenience stores to 7-Eleven
Dyno Nobel Inc. in all aspects of the development of an $850 million anhydrous ammonia plant in Louisiana, one of the first ammonia plants to be built in the United States in twenty years
Freepoint Eco-Systems in project agreements for the engineering, procurement and construction of an advanced recycling facility in Ohio with the capacity to convert 240 metric tons per day of waste plastic into naphtha, distillates and fuel oil
Gulf Coast Ammonia as project counsel in the development and financing of a world-scale ammonia project in Texas
Chevron Phillips Chemical Company in connection with a joint venture with QatarEnergy to develop an $8.5 billion integrated polymers facility in Orange, Texas
Sunoco LP in its $7.3 billion acquisition of NuStar Energy L.P.
The Sinclair Companies in the combination of Sinclair Oil’s refining, renewable diesel and logistics assets with those of HollyFrontier Corporation and Holly Energy Partners, L.P.
U.S. Oil & Refining Co.’s private equity sponsor in its $358 million divestiture of U.S. Oil & Refining Co. and certain affiliated entities, including a refinery, marine terminal, a rail loading terminal and refined product and crude oil storage, to Par Pacific Holdings
Western Refining in the $2.4 billion take private of Northern Tier Energy, an independent downstream energy company with refining, retail and logistics operations
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