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Oil, Gas & Electric Regulatory Transactions

Vinson & Elkins’ Energy Regulatory group has industry-leading experience in drafting and negotiating agreements for the use of oil, gas, and electric infrastructure, and obtaining related regulatory approvals/exemptions. In the oil and gas sectors, we represent upstream, midstream, and downstream clients on all types of transactions, including natural gas pipeline precedent agreements, transportation service agreements on liquids lines, oil and gas gathering agreements, gas processing agreements, and related agreements for the sale of natural gas, liquefied natural gas, and liquid hydrocarbons.

In the electric power sector, we represent generators, transmission companies, and end users in all forms of transactions, including electric power tolling agreements, physical and financial power purchase agreements, energy management agreements, interconnection agreements, and transmission service agreements, among others. No matter the energy sector or type of transaction for the use of infrastructure, V&E’s Energy Regulatory lawyers are well equipped to handle it successfully and efficiently.

Comprehensive Practice

V&E offers energy clients the unique advantage of combining extensive regulatory, transactional, industry, and regional experience in a single firm. Our lawyers are located in offices across the nation and have experience negotiating these agreements in virtually every geographic region, including every major oil and gas supply basin, as well as federal and state electric regions across the country. This regional and comprehensive knowledge set is critical to efficiently spotting issues and completing transactions.

Transactional Breadth

From new entities building or acquiring assets, to the largest energy companies navigating complex regulations and requiring the use of energy infrastructure, we assist our clients with planning, negotiating, and drafting the transaction documents, and obtaining post-transaction approvals or exemptions. This allows our clients to achieve their business objectives, while avoiding pitfalls, extra costs, and any unnecessary regulatory oversight.

Experience Highlights

  • Representing a natural gas exporter in the negotiation of gas supply agreements and asset management agreements 

  • Represented an oil producer in the Rocky Mountain region in negotiating a crude oil Transportation Services Agreement

  • Represented a producer in the Marcellus Shale in negotiating gas and condensate gathering and processing arrangements

  • Represented an oil and gas producer in the Mid-Atlantic region of the U.S. in negotiating a natural gas liquids Transportation Services Agreement

  • Represented a generator in the northwest region of the US in the negotiation of an energy management agreement and ISDA Master Agreement

  • Represented a power marketer in the negotiation of a unit contingent tolling agreement for an existing generator, where the capacity, energy, and ancillary services were to be sold into the NYISO markets