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
- General corporate matters
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 Apache Corporation and Chevron 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), Chambers USA, America’s Leading Lawyers for Business (2014, 2019-2020), and The Legal 500 US (2018-2020) 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:
- The Advisory Committee for The Institute for Energy Law
- The Executive Advisory Council of UT Austin’s McCombs Energy Initiative (MEI)
- The Energy 2.0 Committee of the Greater Houston Partnership
- The Advisory Board of the Rice Alliance for Technology and Entrepreneurship
Mr. Stolte’s experience includes advising:
- Several private equity sponsors in numerous acquisitions and divestitures, including:
- Ara Partners
- ArcLight Capital
- Carnelian Energy
- CPPIB
- EnCap Investments
- Morgan Stanley Energy Partners
- Warburg Pincus
- Several M&A transactions, including:*
- 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 US4.0 billion
- Dominion Resources in several transactions involving Marcellus and Utica assets for an aggregate transaction value in excess of US$3.8 billion
- Several joint ventures, including:
- Sabine Oil & Gas Corp. in its midstream joint venture with Align Midstream Partners II, LLC for the completion of the TOPS Pipeline
- Repsol E&P USA Inc. in its multi-billion dollar JV arrangements with Oil Search (Alaska) for the Nanushuk Field in Alaska’s North Slope*
- Concho Resources Inc. in its “Beta Crude Connector” midstream joint venture with Frontier Midstream to develop a gathering and transportation system in the Permian Basin*
- Summit Midstream Partners, LP in its “Double E” midstream joint venture to develop a common-carrier pipeline from the Delaware Basin to the Waha Hub*
- EnCap Flatrock Midstream (Lotus Midstream, LLC) in its “Wink to Webster” midstream joint venture with ExxonMobil and Plains All American Pipeline, L.P. to develop a common-carrier pipeline system from the Permian Basin to the Gulf Coast*
- Sempra Energy, Inc. in its proposed “P2K” midstream joint venture with Boardwalk Pipeline Partners to develop a pipeline project from the Permian Basin to Katy and the Houston Ship Channel*
- Arsenal Resources in its produced water joint venture with undisclosed third party to develop water infrastructure businesses for Utica upstream assets*
- 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
*Matters handled prior to joining Latham