V&E Fracking Experience – Transactional
Our transactional practice groups serve integrated oil and gas companies, independents, project developers, sovereign entities, financial institutions and investors in financing, development, acquisition, divestitures and joint venturing to explore and develop shale formations and other unconventional resources for oil and gas reserves around the globe. Our knowledge of the legal risks and regulatory matrix applicable to the pursuit of exploration and production using state-of-the-art horizontal technology, including hydraulic fracturing, is unsurpassed. We combine this knowledge with our broad legal experience in worldwide capital formation, acquisitions and divestitures, joint ventures, partnerships, finance, securities, oil and gas law and tax.
V&E has to date participated in the closing of transactions involving investments of over $20 billion targeting specific investments in oil and gas shale development in the United States and around the world. Infrastructure and downstream projects are to take advantage of the new production streams. We also are a recognized leader in advising publicly traded companies exploiting the shale plays in accessing capital markets and meeting the stringent public disclosure requirements and government investigatory scrutiny related to fracking regulatory developments and risks. Our capital markets, M&A and finance teams also advise and assist international financial institutions and investors in traditional and novel financing vehicles to meet capital needs, promote growth and provide exit strategies created by the boom in unconventional exploration and production.
The past two years have seen a storm of activity in North American shale plays, often joint ventures and joint development agreements involving international players, including those from India, Japan, and China. Interest in shale gas and other unconventional gas plays outside North America is peaking as the technology for developing those resources becomes better understood. In Europe, Polish and German shale resources, among others, are attracting interest, as parties look to lessen dependence on pipeline gas from points east and north. In Australia, several LNG export projects seeking to monetize coal bed methane resources actively proceed.
The U.S. Energy Information Administration estimates that there are some 5.760 trillion cubic feet (tcf) of recoverable shale gas resources alone in 32 countries other than the U.S. For this reason, we expect global shale gas plays and other unconventional oil and gas projects to be a significant part of the industry’s exploration and production activities – and our client’s asset portfolios – for decades to come.
Fracking Transactions Contacts:
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