Jonathan Castelan

Houston
  • 811 Main Street
  • Suite 3700
  • Houston, TX 77002
  • USA
 
 

Jonathan Castelan, a partner in Latham & Watkins’ Houston office and a member of the firm’s Corporate Department, primarily advises on energy transactions. He has broad experience in all energy sectors, including energy infrastructure, energy transition, midstream, downstream, and upstream oil and gas. 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 related contracts, construction finance documentation, purchase and sale documentation, and supply and offtake arrangements.

Mr. Castelan currently serves as a member on the firm’s Diversity Leadership Committee, as well as on the firm’s Racial Justice and Equity Task Force.

 

Mr. Castelan’s experience includes advising:

Energy Transition
  • Emergent Forest Finance Accelerator Inc., a US non-profit organization, in its mobilization of more than US$1 billion in financial commitments from corporations and governments to finance forest conservation in tropical and subtropical forest jurisdictions, including in Costa Rica, Ecuador, Ghana, Nepal, and Vietnam
  • Alder Fuels, a cleantech company, on its joint venture with United and Honeywell to create one of the largest sustainable biofuel ventures in aviation history and its associated purchase agreement with United for the sale and purchase of 1.5 billion gallons of sustainable aviation fuel (SAF)
  • Quanta Services, in its proposed US$2.7 billion acquisition of Blattner Energy, a leading utility-scale renewable energy infrastructure solutions provider in the North America, including the evaluation of renewable energy infrastructure construction agreements                  
  • American Airlines in its US$100 million investment to become an anchor partner to Breakthrough Energy Catalyst, a groundbreaking collaborative effort to accelerate the clean energy technologies, including sustainable aviation fuel (SAF)
  • A public industrial gas company in its US$1 billion investment in connection with the engineering, design, and construction of a renewable diesel plant
  • Chevron U.S.A. in connection with the deployment and ongoing financing of a ground-breaking bioenergy with carbon capture and sequestration (BECCS) project designed to produce carbon negative power in Mendota, California
  • Occidental Petroleum and its Low Carbon Ventures business on a CCS project with White Energy intended to qualify under the 45Q credit program and California’s Low Carbon Fuel Standard and other matters in connection with CCS, including the negotiation and development of (i) engineering, procurement, and construction (EPC) contracts for construction of carbon capture units located at White Energy ethanol plants, (ii) engineering, procurement, and construction management (EPCM) contracts for construction of the project’s CO2 transportation pipelines, and (iii) contracting agreements for right of way and survey services with respect to the project’s CO2 transportation pipelines
  • A public company in a cross-border transaction for the offtake and supply of more than 5,500 bpd of recycled lubricating oils in partnership with a supermajor oil company
  • An electric vehicle charging station manufacturer in the negotiation of an international supply and distribution agreement
  • Energia Eolica del Sur in connection with its US$1.2 billion investment in the development of a 396-MW wind park consisting of 132 turbines* 
Infrastructure
  • An International EPC contractor in connection with EPC agreements for offshore production facilities and pipelines in the US, Brazil, and Mexico*
  • Multiple clients in more than 30 international and domestic shipyard contracts for new builds as well as refurbishments and upgrades with shipyards in the United States, Ghana, Cameroon, Singapore, China, and Brazil* 
  • A midstream company in connection with commercial agreements for the utilization of fiber optic communications infrastructure (including the fiber optic cables and associated equipment) for use in leak detection equipment associated with oil and gas pipelines
  • Riverstone Holdings in its US$2.685 billion acquisition of International-Matex Tank Terminals from Macquarie Infrastructure Corporation 
  • Sasol in its US$2 billion sale of a 50% stake in Lake Charles Chemical Plant to form a joint venture with LyondellBasell, a multinational chemical company, including drafting and negotiating supply agreements for certain ethane cracker feedstocks and treating chemicals, as well as tolling/offtake and supply agreements for each joint venture partner to supply feedstock, offtake product and market product from the ethane cracker
  • 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
  • A public oil and natural gas company in its offtake agreement with a public midstream service provider for the transport and sale of Y-Grade
  • 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* 
  • Multiple clients in agreements for the sale and purchase of marine vessels, including overseeing compliance with ship registry requirements* 
  • Multiple clients in vessel charter agreements, including time charters, bareboat charters, and heavy lift charters*
Midstream
  • A private equity-backed midstream provider in negotiation of produced water gathering and disposal agreement with an independent exploration and production company
  • A private equity-backed midstream provider in negotiation of produced water transportation services agreement, including a substantial acreage commitment covering acreage in the Permian basin, with an integrated oil major
  • 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
  • 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
  • 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* 
  • 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* 
  • 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*
Upstream Oil and Gas
  • 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)*

*Matter handled prior to joining Latham.

 
 
 
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