Justin T. Stolte

Mr. Stolte’s representative experience at Latham includes:

M&A

Numerous infrastructure M&A transactions, including:

• Talos Energy in its sale of Talos Low Carbon Solutions LLC, a carbon capture and sequestration business, to TotalEnergies E&P USA, Inc.
• MidOcean Energy, an LNG company formed by EIG Partners, in its pending acquisition of all of SK Earthon’s interest in Peru LNG, which owns and operates a 4.45 Mtpa LNG project located in Peru  
• Greenbelt Capital Partners in its acquisition of Saber Power, a fully integrated substation and medium-to-high-voltage infrastructure services platform, from Oaktree
• Wren House in its acquisition of an equity stake in SeaCube Container Leasing Ltd., a global shipping container business, from OTPPB
• AB CarVal in the following:
  • US$700 million acquisition of Peregrine Energy Solutions, a clean energy infrastructure platform with a focus on utility-scale energy storage, from various financial sponsors
  • US$1.0 billion acquisition of an equity stake in Blue Source Sustainable Forests Co. (BSFC) and BSFC’s acquisition of 1.7 million acres of timberland, representing one of the largest private conservation-focused forest investments in US history
• Fortescue Future Industries in its acquisition of Phoenix Hydrogen Hub, a green hydrogen project located in Arizona, from Nikola Corporation
• ArcLight Capital Partners in the following:
  • Acquisition of a 12.5% interest in Natural Gas Pipeline Company of America LLC (NGPL), which owns and operates the largest natural gas network in North America, from Brookfield Infrastructure
  • Pending sale of Gulf Oil’s refined product terminal businesses located in the northeastern US to Global Partners 
  • US$1.3 billion sale of Midcoast Energy’s midstream business located in the US Gulf Coast region to M6 Midstream
  • US$830 million acquisition of a 25% interest in NGPL from Kinder Morgan and Brookfield Infrastructure
  • US$857 million acquisition of a 25% interest in US Gulf Coast Express Pipeline, which owns a 447.5-mile natural gas pipeline located in Texas, from Targa Resources
• Ara Partners in the following:
  • Acquisition of Vacuumschmelze, a leading infrastructure producer of advanced magnetic materials and the largest producer of rare earth permanent magnets in the Western Hemisphere, from Apollo
  • Acquisition of FNX Liquid Natural Gas, a European biomethane platform, from its private shareholders
  • Acquisition of an equity stake in Repeats Group B.V., a pan-European plastics recycling platform, from its private shareholders
• ConocoPhillips in its acquisition of a 30% ownership stake in the Port Arthur LNG Facility, a 13.5 Mtpa LNG project located in the US Gulf Coast, from Sempra Infrastructure Partners 
• Coefficient Partners in its acquisition of an equity stake in Noveon Magnetics, a manufacturer of rare earth magnets in the US
• CPP Investments and OMERS Infrastructure in the US$2.0 billion sale of their respective stakes in Skyway Concession, a company that manages, operates, and maintains the Chicago Skyway toll road, to Atlas Arteria
• Quanta Services in its US$2.7 billion acquisition of Blattner Energy, a renewable energy infrastructure solutions company, from its private shareholders

Numerous upstream M&A transactions, including: 

• Enduring Resources, an EnCap-backed company, in the following: 
  • Business combination with certain subsidiaries of DJR Energy, a Trilantic-backed company, to create the largest oil and gas producer in the San Juan Basin 
  • US$2.5 billion sale of Permian Basin business to American Energy Partners LP
  • US$1.3 billion sale of Eagle Ford business to Statoil and Talisman 
• Cox Oil Offshore, LLC in its 363 sale of Gulf of Mexico assets to W&T Offshore Inc.
• Woodside Energy in its acquisition of offshore blocks located in Namibia from Pancontinental Energy 
• Repsol S.A. in several transactions with Oil Search involving their respective interests in the multi-billion-dollar Pikka Unit development located in Alaska
• Nine Point Energy in its 363 sale of Williston Basin assets to Bowline Energy
• Carnelian Energy in the sale of SandPoint Operating LLC, an upstream producer in the Eagle Ford Basin, to SilverBow Resources 
• BHP Petroleum in several deep-water Gulf of Mexico transactions involving multi-billion-dollar development projects
• Private sellers in the US$1.0 billion sale of Williston Basin assets to Williams Companies

Joint Ventures & Other Strategic Transactions

Numerous low carbon JVs, including:

• Alliant Energy in its development of the Columbia Energy Storage Project, an energy battery storage project located in Wisconsin 
• ConocoPhillips in its proposed joint venture with JERA Americas to develop a low-carbon hydrogen-ammonia project in the US Gulf Coast Region 
• Clean Hydrogen Works in the development of the Ascension Clean Energy Project, a low-carbon hydrogen-ammonia project located in the US Gulf Coast region
• Divert Inc. in its US$1.1 billion joint venture with Enbridge Inc. to develop wasted food-to-RNG projects across North America
• Woodside Energy in the development of the H2OK Hydrogen Project, a net zero hydrogen project located in Oklahoma
• Tellurian Inc. in the development of the Driftwood LNG Project, a 27.6 Mtpa LNG project located in the US Gulf Coast region
• Bakken Energy in the development of a low-carbon hydrogen hub located in North Dakota
• Alder Fuels in its joint venture with United Airlines and Honeywell Corp. to develop a sustainable biofuel platform for the production of aviation fuel
• Chevron in its US$1.2 billion joint venture with Bunge Limited and CoverCress, Inc. to develop a renewable fuel feedstocks platform
• Sabine Oil & Gas in its joint venture with Align Midstream Partners to develop the TOPS Pipeline in the Haynesville Basin

Numerous CCS JVs, including:

• Talos Energy in its joint venture with Storegga to develop the Harvest Bend CCS Project located in the US Gulf Coast region
• ConocoPhillips in its proposed joint venture to provide CCS services to a low-carbon hydrogen-ammonia project located in the US Gulf Coast Region 
• Chevron in its joint venture to develop the Bayou Bend CCS Project located in the US Gulf Coast
• Energy super-major in its joint venture arrangement with a multinational energy company to (i) acquire offshore state leases for CCS sequestration and (ii) construct CO2 transportation and associated facilities
• ExxonMobil in its joint venture with EnLink Midstream and CF Industries for the development of the Pecan Island CCS Project located in Louisiana 

Numerous strategic transactions, including:

• Equity lines of investment and/or financing rounds involving:
  • BioVeritas
  • Utility Global
  • Mission Midstream
  • Inspiration Mobility
  • Divert Inc.
  • Midcoast Energy
  • Enduring Resources
  • PetroEdge Energy

• Restructurings of: 
  • MLCJR (Cox Oil) 
  • Nine Point Energy 
  • Pacific Drilling 
  • BJ Services
  • Bruin E&P
  • Vista Proppants