Oil and Gas

Practice Contacts

Richard B. Hemingway, Jr.
Practice Leader
Andrew B. Derman
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For nearly 120 years, Thompson & Knight has counseled energy clients in the United States and around the world with a diversified practice in the exploration and development of crude oil and natural gas. As a commitment to this history of energy industry representation, Thompson & Knight not only offers energy expertise across a broad spectrum of practice areas, but the Firm is also one of the only large law firms in the United States with a separate Oil and Gas Practice Group.

Thompson & Knight was named the “Law Firm of the Year” in Natural Resources Law (2018) and in Oil & Gas Law (2011-2013, 2015, 2017) by U.S. News - Best Lawyers® "Best Law Firms," the preeminent listing of the nation's top legal practices. The Firm’s oil and gas practice is also recognized by numerous other prestigious legal directories, including:

  • Chambers USA 2017 by Chambers and Partners, which ranks Thompson & Knight among the top eight firms in the United States for Energy: Oil & Gas (Transactional), praising the Firm’s “highly capable oil and gas transactional practice.”
  • The Legal 500 US 2017 by Legalease, which ranks Thompson & Knight among the top firms in the nation for the Energy Transactions: Oil and Gas category. 
  • The Best Lawyers in America® 2018 by Woodward/White Inc., which lists more Thompson & Knight attorneys in the Natural Resources Law and Oil and Gas Law categories than any other law firm in Texas.  

Our attorneys represent multinational and independent oil and gas companies, host government energy companies, large utilities, private power plants, energy industry service companies, refineries, petrochemical companies, financial institutions, and multinational drilling contractors and construction companies. Some of the types of transactions which Thompson & Knight's oil and gas attorneys have handled are:

  • Transactions generated by upstream exploration operations including seismic contracts, onshore and offshore drilling contracts (day rate and turnkey), farmin agreements, operating agreements, participation agreements, overriding royalties, production payments, net profits interests and related regulations of the Texas Railroad Commission, the MMS, the Louisiana State Minerals Board, and the Oklahoma Corporation Commission;
  • Acquisitions and divestitures, whether structured as asset sales or stock transactions in asset and stock deals valued in the billions of dollars, involving numerous properties and multiple jurisdictions;
  • Acquisitions and divestitures, exploration agreements, joint ventures, and other transactions involving shale plays in the United States, including the Marcellus, Barnett, Haynesville, Eagle Ford, Bakken, and Fayetteville Shales;
  • Innovative development of new energy debt financing investment vehicles;
  • Due diligence for transactions involving buyers, sellers, and financial institutions engaged in acquisitions and other oil and gas investments;
  • Energy futures market transaction involving hedges and trading; and
  • Offshore platform acquisition and construction contracts and related service contracts including platform rig purchase agreements.