Luke L. Burns

Senior Associate

Luke Burns Photo

Houston

P: +1.713.229.1327 F: +1.713.229.7727
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Representative Acquisitions & Divestitures – Onshore Assets

  • Global Fortune 50 Company – $5.6 billion divestiture of entire upstream and midstream business in Alaska
  • BHP Billiton – $10.5 billion divestiture of U.S. shale assets located in the Permian, Eagle Ford and Haynesville plays
  • Carrizo Oil & Gas, Inc. – $215 million acquisition of acreage in the Delaware Basin
  • EVX Midstream Partners LLC – acquisition of salt water disposal assets in the Eagle Ford
  • Domestic oil and gas company – sale of leasehold interests in East Texas
  • International oil and gas company – $400 million acquisition of oil assets in the Alaska North Slope area
  • Private equity firm – sale of interest in certain Eagle Ford Shale acreage and leasehold estate

Representative Acquisitions & Divestitures – Offshore Assets

  • Murphy Exploration & Production Company – USA – acquisition of deep water Gulf of Mexico assets valued at approximately $1.6 billion
  • Multinational Oil & Gas Company – series of transactions involving the disposition of an interest in certain oil and gas exploration properties and related assets covering Block 519 Mississippi Canyon in the Outer Continental Shelf of the Gulf of Mexico, and the acquisition of an interest in certain oil and gas exploration properties and related assets covering Block 562 Mississippi Canyon (a.k.a. "Isabela") in the Outer Continental Shelf of the Gulf of Mexico

Representative Joint Ventures, Farmouts, and "DrillCo" Transactions

  • Major domestic energy company – farmout of over 100,000 acres of certain Marcellus and Utica Shale leasehold interests
  • International oilfield services company – counseling regarding multiple "DrillCo"/drilling participation arrangements
  • Private equity firm – joint venture to develop certain on-shore upstream assets

Representative Downstream/Chemical Projects

  • Major chemical company – long-term cross-border capacity reservation and supply of chemicals involving initial payments exceeding $250 million and potential additional payments for supply over time exceeding $600 million

Representative Liquefied Natural Gas Projects

  • Cheniere Energy, Inc. – development of certain liquefaction export facilities, including preparation of LNG sale and purchase agreements (SPAs)
  • Major domestic energy company – development of a proposed LNG receiving terminal and gas-fired combined cycle power plant in Chile
  • U.S. company – small-scale installation of LNG storage and equipment and long-term sale and purchase of LNG for use as a burner fuel
  • U.S. company – development of proposed truck-rack LNG sales agreement and long-term fuel supply agreement for LNG-powered vessels

Other Representative Oil & Gas Transactions

  • Midstream company – term overriding royalty agreement in connection with financing
  • Oilfield services company – seismic data marketing agreement
  • Various U.S. companies – master services agreements

Representative Hard Minerals Transactions

  • Underwriters – hard minerals counsel for MLP IPO of a U.S. mining company
  • Major domestic mining company – $435 million acquisition of Utah coal mining interests