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Oil and Gas Tax

As a preeminent global oil and gas firm, Thompson & Knight is at the forefront of tax issues involving all types of energy transactions. Our clients include numerous private equity-backed companies, large and small independents and major integrated multinationals, whom we advise on the tax aspects of acquisitions, dispositions, and sharing arrangements.

Overview

As a preeminent global oil and gas firm, Thompson & Knight is at the forefront of tax issues involving all types of energy transactions. Our clients include numerous private equity-backed companies, large and small independents and major integrated multinationals, whom we advise on the tax aspects of acquisitions, dispositions, and sharing arrangements.

We strive to achieve maximum tax efficiency in complex and innovative international financing transactions, including those backed by production payments and mortgage loans. Our attorneys also structure a wide range of investment vehicles, from large and small public and private equity investments to investments suitable for tax-exempt entities.

Thompson & Knight’s tax group is “renowned for quality counsel to companies in the energy sector.” – Chambers USA 2016

Ranked among the top four firms in Texas for Tax in Chambers USA 2019 by Chambers and Partners

More attorneys selected for inclusion in The Best Lawyers in America© 2019 in the practice areas of Tax Law than any other firm in Texas

Experience

  • Provided tax structuring advice and negotiated the definitive documentation relating to Silver Hill Energy Partners’ sale of oil and gas properties in the Permian Basin to RSP Permian, Inc. in exchange for $1.25 billion of cash and 31 million RSP shares (approximately 20% of RSPP), implying a total purchase price of approximately $2.4 billion
  • Provided tax advice in connection with the merger of Yates Petroleum Corporation with EOG Resources, Inc., in a deal valued at approximately $2.4 billion
  • Provided tax advice to Brazos Midstream Holdings in connection with the $1.75 billion sale of its Delaware Basin subsidiaries to a subsidiary of North Haven Infrastructure Partners (NHIP)
  • Provided tax advice to Ajax Resources in connection with the sale of its northern Midland Basin assets for $1.24 billion in cash and stock to Diamondback Energy
  • Provided tax advice to the conflicts committee in connection with the American Midstream Partners, LP acquisition of an additional 15.5% equity interest in Delta House, a fee-based, semi-submersible floating production and processing system, from affiliates of ArcLight Capital Partners, LLC, for total consideration of approximately $125.4 million
  • Provided tax advice to Yorktown Energy Partners X, L.P., the largest owner of Solaris Oilfield Infrastructure, LLC, in connection with a $121 million IPO utilizing an UP-C structure
  • Provided tax advice to Step Energy Services Ltd. in connection with the purchase of all of the shares of Tucker Energy Services Holdings Inc.
  • Provided tax advice to a major U.S. oil company in connection with structuring a gas facilities joint venture in West Africa involving a substantial investment
  • Provided structuring and tax planning advice to a major Turkish petrochemical group in connection with establishing operations in the United States
  • Provided structuring and tax planning advice to a publicly traded Australian upstream oil and gas company
  • Provided tax advice to a major oil and gas company in connection with its corporate international restructuring