Justin T. Stolte is a partner in the Houston office of Latham & Watkins and serves as Global Chair of the firm’s Energy & Infrastructure Industry Group. Mr. Stolte advises clients on strategic transactions across the energy sector, including:
- Mergers, acquisitions, and divestitures
- Joint ventures
- Private equity and venture capital investments
Mr. Stolte has broad experience in several energy sectors, including oil and gas, renewable energy, and energy infrastructure. He previously worked in business development, commercial, and engineering roles at Chevron Corporation and Apache Corporation; and, before joining Latham, served as Co-Chair of the energy practice group at another leading global law firm.
Mr. Stolte is recognized by Best Lawyers in America (2021-2022), Chambers USA, America’s Leading Lawyers for Business (2014, 2019-2021), and The Legal 500 US (2018-2021) for his work on energy transactions. In addition, he was named an Influencer: Law by American City Business Journal in 2018 and has been recognized as a Rising Star in Energy by Law360 (2014, 2018); a 40 under 40 honoree by Houston Business Journal (2018); a Top 30 under 40 honoree by Hart Energy (2018); and a Rising Star by Texas Monthly (2012-2015).
Mr. Stolte is active in several professional organizations, including serving on: (i) The Executive Advisory Council of UT Austin’s McCombs Energy Initiative (MEI), including Co-Chairing the Midstream Committee; (ii) The Energy 2.0 Committee of the Greater Houston Partnership; and (iii) The Advisory Board of the Rice Alliance for Technology and Entrepreneurship.
Mr. Stolte’s experience includes:*
- Several private equity sponsors in numerous transactions, including:
- Ara Partners
- ArcLight Capital
- Carnelian Energy
- CPPIB
- EnCap Investments
- Morgan Stanley Energy Partners
- Warburg Pincus
- Several energy M&A transactions, including:
- Quanta Services in its US$2.7 billion acquisition of Blattner Energy, a leading utility-scale renewable energy infrastructure solutions provider in the North America
- Nine Point Energy in its US$250 million sale of Williston Basin assets to Bowline Energy pursuant to Section 363 of the Bankruptcy Code
- ArcLight Capital in its US$830 million acquisition of a 25% interest in NGPL from Kinder Morgan and Brookfield
- SK Innovation in its US$1.1 billion divestiture of Blocks 56 and 88 located in Peru to Pluspetrol Corporation
- Concho Resources in its US$9.5 billion merger with RSP Permian
- Penn Virginia Corporation in its US$1.7 billion proposed merger with Denbury Resources Inc.
- Encino Acquisition Partners, LLC in its US$2 billion acquisition of Utica Shale business from Chesapeake Energy Corporation
- EnerVest, Ltd. in its US$2.7 billion business combination of EnerVest’s South Texas Division with TPG Pace Energy Holdings to form Magnolia Oil and Gas Corporation
- Enduring Resources in several transactions for an aggregate transaction value in excess of US$4 billion
- Several alternative energy and decarbonization matters, including:
- Inspiration Mobility, a one-stop electric vehicle (EV) solutions company, in its (i) US$200 million capital commitment from ArcLight Energy Partners Fund VII and (ii) EV fleet lease partnership with Revel
- Alder Fuels, a cleantech company, in its joint venture with United and Honeywell to create one of the largest sustainable biofuel ventures in aviation history
- CTFusion in various capital raising matters for its proprietary nuclear fusion technology
- Diamond Offshore in its proposed offshore wind project located in Maine through the NEAV joint venture
- Ara Partners in its acquisition of the px Group, an integrated infrastructure services provider based in the United Kingdom
- Junction Capital in its acquisition of ethanol facilities located in Nebraska and Iowa
- Several infrastructure joint ventures, including:
- NGPL (North America)
- TOPS Pipeline (Haynesville)
- Pikka Unit Development (Alaska)
- Beta Crude Connector (Permian)
- “Double E” Pipeline (Permian)
- “Wink to Webster” Pipeline (Permian)
- P2K Pipeline (Permian)
- Several LNG projects, including relating to:
- Peru LNG
- EGLNG (Equatorial Guinea)
- Wheatstone LNG (Australia)
- Kitimat LNG (Canada)
- Mozambique LNG
- Several restructuring matters, including relating to:
- Nine Point Energy
- Pacific Drilling
- BJ Services
- Bruin E&P
- Vista Proppants
*Includes matters handled prior to joining Latham