For over 50 years, Carrington Coleman’s Energy practice has advised and represented clients in the vital, dynamic energy sector, primarily oil and gas. Our value proposition is simple – cost-effectiveness, combined with an in-depth, working knowledge of every facet of the industry. Whether a client is acquiring leases, negotiating an exploration agreement, or developing family wealth strategies, if it has to do with energy, our lawyers know it cold – and get it done.
Although we work with a wide range of energy clients, our sweet spot is typically family-owned, independent producers who need trusted outside counsel. Our clients are highly entrepreneurial, unafraid of risk, and more than anything, need to work with lawyers who help make things happen. That’s us – their trusted advisors. Our under-the-hood perspective makes us better draftspeople, better tacticians, and better negotiators. And our energy clients benefit from it, at a reasonable cost.
Market-driven legal thinking
In the energy industry, legal strategies are often based on the market price of a single, highly volatile commodity. We are experienced in helping clients quickly document and lock in complex deals that take advantage of favorable market dynamics. This might mean helping clients meet their objectives for timing an exit, negotiating swap agreements or other hedged transaction documents, or closing – or not closing – a deal. Our understanding of the realities of the energy business make us the lawyers they choose, trust and rely on.
An Independent, Family-owned Producer
Client Issue: 2 weeks before closing on a billion-dollar Permian Basin asset, our client was sued over preferential rights on leases, jeopardizing the sale.
Approach: Under severe time pressure, the Carrington, Coleman team crafted a complex, innovative escrow arrangement to back up an indemnity to allow the deal to proceed and close.
Outcome: The disposition was successful, and the client ultimately realized the full value of a major asset.