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Guy Stanford Lipe
Guy Stanford Lipe
Partner — Energy Litigation
Partner — Energy Litigation

Guy Stanford Lipe

Guy Stanford Lipe

1001 Fannin Street
Suite 2500
Houston, TX 77002

Guy Stanford Lipe

Guy is a skilled trial lawyer who has extensive experience representing companies in the energy industry in all types of commercial disputes, both domestically and internationally, in state and federal courts, and in arbitration.

In particular, he has defended numerous royalty litigation cases across the nation. Dubbed by clients as “absolutely first rate—head and shoulders above opposing counsel,” and “a wonderful litigator—he works efficiently and produces results” in the 2014 edition of Legal 500 U.S., he is also recognized as one of America’s leading lawyers in the area of energy litigation, and is considered to possess “excellent analytical skills,” and to be “very persuasive in the courtroom” in Chambers USA 2014. Guy chairs Vinson & Elkins’ Energy Litigation Practice Group.

Experience Highlights

  • Obtained a take-nothing arbitration award in Denver related to claims that a CO2 producer improperly paid more than $50 million in royalties on carbon dioxide produced in Colorado and sold for injection into oil reservoirs in the Permian Basin to enhance the recovery of oil

  • (S.D. Tex.); (5th Cir.); (U.S.) — Defended a European gas marketer against a $1.2 billion suit brought by Texas-based oil companies and filed in Texas state court arising from a gas exploration and production project in the Norwegian North Sea; the case was dismissed for lack of personal jurisdiction, following panel and en banc proceedings before the United States Court of Appeals for the Fifth Circuit and a favorable, landmark decision of the Supreme Court of the United States

  • (5th Cir.) — Obtained a judgment for a producer of oil on the Alaskan North Slope for $14 million (net) for breach of the pricing formula of a crude oil sales contract involving price adjustments for Quality Bank credits on the Trans-Alaska Pipeline

  • (Tex. Dist. – Crockett Cnty.) — Obtained a take-nothing jury verdict in a six-week trial involving royalty owners’ claims for more than $70 million based on alleged failure to timely engage in enhanced recovery efforts and alleged royalty underpayment

  • (N.M. Dist.) — Obtained a “no breach” jury verdict in a class action royalty case in New Mexico state court involving allegations of under-valuation of CO2 produced for injection into oil reservoirs in the Permian Basin

  • (W.D. Okla.) — Obtained denial of plaintiff’s motion for class certification on state-wide royalty underpayment claims in Oklahoma federal court

  • Represented multiple producers in a number of gas royalty class actions in state and federal courts in Oklahoma and Kansas

  • Represented a producer that obtained a take-nothing arbitration award in an AAA-administered arbitration involving claims by limited partners in four oil and gas limited partnerships that the general partners breached the limited partnership agreements and their fiduciary duties by dissolving the limited partnerships and purchasing the properties that had been held in the partnerships

  • (Tex. Dist.) — Obtained a take-nothing jury verdict in a case against a major oil company involving contract and tort claims arising out of an assignment of rights under an operating agreement in which the plaintiff sought damages in excess of $100 million

  • Represented a major oil and gas company in an AAA-administered arbitration involving claims arising out of a contract for gas storage services

  • (S.D. Tex.) — Obtained a favorable jury verdict in federal court in Houston on claims by a California company for breach of a contract relating to the construction of a horizontal drilling rig for use in Japan

  • (Tex. Dist.) — Obtained a directed verdict in favor of a major oil company in a case involving breach of contract and tort claims asserted by a working interest owner in a gas field

  • (Tex. Dist.) — Obtained confirmation of a take-nothing arbitration award in favor of a pipeline company involving multimillion-dollar claims brought by a working interest owner in properties located in New Mexico

  • (S.D. Fla.) — Obtained a summary judgment from a Miami federal court denying enforcement of a $97 million Nicaraguan judgment against a U.S. company on the grounds that the Nicaraguan court had no jurisdiction over the defendant

  • Defended a major Asian steel company in a Stockholm Chamber of Commerce arbitration conducted in Stockholm filed by a European corporation alleging that the steel company misappropriated technology in connection with a sale of equipment made in India; the arbitration panel rejected the claims relating to the Indian sale in their entirety

  • (W.D. Tex.); (S.D. Tex); (N.D. Tex); (5th Cir.) — Defended U.S. oil companies in garnishment proceedings filed by a judgment creditor of an African foreign state seeking garnishment of royalty and tax obligations owed to the foreign state under a concession agreement for the exploration and production of oil in the foreign state, obtaining rulings from the Fifth Circuit Court of Appeals holding that the garnishment writs were improper

  • Defended a major U.S. computer company in an arbitration conducted under the arbitration rules of the International Chamber of Commerce involving claims by a German supplier for breach of a European distribution agreement

  • Prosecuted a Stockholm Chamber of Commerce arbitration proceeding on behalf of a major Asian steel company against a Danish company arising out of a dispute under a contract for the sale of equipment

  • (Tex. Dist. 11th) — Compelled arbitration in China of a Texas state court claim against an Asian pipeline company indirectly owned by a foreign government involving claims of misappropriation of corporate opportunity in connection with the operation of an Asian pipeline joint venture, obtaining an order compelling arbitration in China

  • Defended an arbitration proceeding against a state-owned Asian oil and gas company involving allegations of misappropriation of corporate opportunities in connection with oil and gas development activities in Peru and Venezuela

  • Represented a producer in ICDR arbitration involving disputes over joint interest billings and operational issues involving properties in Australia


  • The University of Texas School of Law, J.D., 1983 (Chancellors)
  • Texas A&M University, B.B.A. summa cum laude, 1980
  • Chambers USA, Litigation: Energy & Natural Resources, 2005–2020, Oil & Gas Litigation (Nationwide), 2020
  • Legal 500 U.S., Energy Litigation, 2010−2014, 2016, 2017, 2019 and 2020
  • The Best Lawyers in America© (BL Rankings, LLC), “Lawyer of the Year”, International Arbitration – Governmental, 2018, 2020
  • The Best Lawyers in America© (BL Rankings, LLC), International Arbitration− Governmental and Commercial, 2006−2021
  • Global Arbitration Review’s GAR 100, “Partner to Know,” 2009 and 2010
  • Legal Media Group’s (Euromoney’s) Expert Guide to the World’s Leading Energy and Natural Resource Lawyers, 2016
  • Selected to the Texas Super Lawyers list, Super Lawyers (Thomson Reuters), 2009−2011, 2013−2019
  • Member: Joint Editorial Board, Uniform Law Commission
  • Past Co-Chair: International Litigation Committee of the Section of International Law, American Bar Association
  • ABA Advisor to the Uniform Law Commission Drafting Committee on Implementation of the Hague Convention on Choice of Court Agreements
  • ABA Advisor to the Uniform Law Commission Drafting Committee on the Uniform Unsworn Foreign Declarations Act
  • Texas
  • United States Supreme Court
  • U.S. District Court for the Eastern, Western, Southern and Northern Districts of Texas
  • U.S. District Court for the Eastern District of Michigan
  • Fifth Circuit Court of Appeals
  • United States Court of Appeals for the Eleventh Circuit
  • all Texas state courts
  • “Eighth Annual Hydraulic Fracking Symposium,” V&E Houston Office, October 3, 2018 (speaker)
  • “Tenth Circuit’s Grynberg Decision Gives Clarity in Determining Citizenship of MLPs,” V&E Energy Series E-communication, November 9, 2015 (co-author)