Jonathan Castelan, a partner in Latham & Watkins’ Houston office and a member of the firm’s Corporate Department, focuses his practice on energy transactions. He has broad experience in all energy sectors, including upstream, midstream, and downstream oil and gas, renewable energy, and energy infrastructure. Mr. Castelan’s experience includes negotiating and drafting contracts for acquisitions, divestitures, joint ventures, and financing arrangements in those sectors. His infrastructure experience includes drafting and negotiating construction contracts, construction finance documentation, purchase and sale documentation, and commercial leases.
Mr. Castelan’s representative experience includes advising the following clients:
- Equitrans Midstream Corporation in transformative actions including its acquisition of EQM Midstream Partners, a share buy back from EQT, and entrance into a gas gathering and compression agreement with EQT (and various affiliates) providing EQM with a minimum volume commitment of 3.0 billion cubic feet of natural gas per day during the term
- The conflicts committee of Shell Midstream Partners in connection with its acquisition of Royal Dutch Shell plc’s interest in Mattox Pipeline Company, LLC, and certain logistics assets at the Shell Norco Manufacturing Complex, totaling US$4.4 billion
- Represented an independent oil and natural gas company in its crude gathering agreement with Taproot Energy Partners involving a substantial dedication in central Weld County, Colorado
- HarbourVest Partners, as part of a consortium, in a joint venture and drilling program with W&T Offshore to drill up to 14 specified projects in the Gulf of Mexico*
- Macquarie in Supply and Offtake Agreement in connection with petrochemical products that involved storage of crude supply as well as storage of resulting petrochemical products*
- Trafigura in its approximately US$200 million joint venture with Infraestructura Energética Nova (IEnova) to develop a refined products terminal and storage facility in Manzanillo, Colima, Mexico*
- Salt Creek Midstream, a midstream partnership between Ares Management and ARM Energy Holdings, in debt and equity financing matters*
- Bonanza Creek Energy (NYSE: BCEI), an independent oil and natural gas company, in its gathering and processing agreement with midstream company Cureton Front Range to provide an independent gas processor connected directly to Bonanza Creek’s Rocky Mountain Infrastructure*
- Development Capital Resources, an Ares Management (Ares) portfolio company, in its US$750 million investment for common and preferred equity in a joint venture with California Resources Corporation (CRC) to operate midstream infrastructure assets and related purchase by Ares in a private placement of US$50 million of CRC common stock*
- Warburg Pincus/RimRock Oil & Gas Williston in its US$500 million acquisition of non-operated upstream assets in the Bakken Shale from Whiting Petroleum Corporation (NYSE: WLL)*
- GSO/Sequel Energy Group in its formation of a US$325 million drilling partnership to develop domestic unconventional resources in the Utica Shale with Eclipse Resources (NYSE: ECR)*
- Alberta Investment Management Company in its commitment to fund, along with a syndicate of financial sponsors, Howard Midstream Energy Partners' strategic partnership with WPX Energy (NYSE:WPX) to develop crude oil and natural gas gathering and processing infrastructure in the Delaware Basin*
*Matter handled prior to joining Latham.