Sam D. Patranella
Shareholder
Austin & Midland Offices
Sam Patranella is an accomplished transactional lawyer, executive and entrepreneur. With nearly twenty years in the oil and gas industry, and experienced in over $5 billion worth of transactions, Sam is uniquely positioned to aid in his client’s needs. Sam is head of the firm’s Transactional practice.
Full Biography
Sam Patranella is a shareholder in the Austin and Midland offices focusing on transactions and corporate matters.
Sam has substantial experience negotiating and closing energy transactions. His practice consists of representing public and private companies in their acquisitions and divestitures, purchase and sale agreements, operating agreements, farmout agreements, development agreements, and other energy agreements, including operational and exploration matters.
Aided by his in-house and industry experience, Mr. Patranella advises startups and private clients on legal issues arising throughout their life cycle from founding to exit, and all related corporate matters and governance, including master service agreements, confidentiality agreements, human resources matters and employment agreements, and other day to day issues.
Prior to DGC, Sam was a partner with a global law firm, a successful entrepreneur, initial member, executive and general counsel of Luxe Energy and Luxe Minerals, and in-house counsel with Statoil and Concho Resources. Sam began his career with DGC in Midland before moving to Austin.
Bar Admissions
- Texas, 2007
- New Mexico, 2008
Education
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Texas Tech University School of Law, Lubbock, Texas
Honors: Cum Laude; Phi Delta Phi
Administrative Law Journal, Articles Editor -
Texas Tech University Rawls College of Business, Lubbock, Texas
MBA, 2007
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Texas A&M University Mays Business School, College Station, Texas
BBA in Management, 2004
Honors: Cum Laude
Professional Associations & Memberships
- Member, State Bar of Texas
- Member, State Bar of New Mexico
- Life Fellow, Texas Bar Foundation
Representative Transactional Experience
Mergers, Acquisitions and Divestitures
- Represented an Austin based private company in a partial divestment of leasehold assets and a Development Agreement in Upton County, Texas, with Northern Oil and Gas, Inc
- Represented a public energy company in its acquisition of leasehold assets in Midland County, Texas, from Fortress Energy Partners IV, LLC
- Represented a Denver based NGP backed portfolio company in its acquisition of leasehold assets in Loving and Winkler Counties, Texas, from Diamondback E&P LLC
- Represented an Austin based NGP backed portfolio company in its acquisition of leasehold assets in Divide County, North Dakota, from DE Asset Holdings, LLC
- Represented a Fort Worth based private company in a divestment of leasehold assets in Reagan County, Texas, to DE West Texas
- Represented an Austin based private equity backed portfolio company in its acquisition of royalty interests in Eddy and Lea Counties, New Mexico, from Schelro LTD
- Represented a Denver based NGP backed portfolio company in its acquisition of leasehold assets in Lea County, New Mexico, from OXY Y-1 Company and OXY USA Inc
- Represented a Fort Worth based family office backed company in an exchange of assets in Eddy County, New Mexico, with Ridge Runner Asset Co II, LLC and Ridge Runner II Nominee Corp
- Represented a private equity backed portfolio company in its divestment of ~4,000 acres in Culberson and Reeves Counties, Texas
- Represented a Midland based private company in its acquisition of assets in Crane and Upton Counties, Texas from AVAD II Permian, LLC and AVAD II Minerals, LLC
- Represented a public energy company in an Exchange Agreement for assets in Eddy County, New Mexico
- Represented a Midland based private company in a Letter Agreement with Fasken Land and Minerals, LTD. for leasehold assets in Midland and Andrews Counties, Texas
- Represented a private equity backed portfolio company in a series of Farmout Agreements with Anadarko and Oxy for assets in Reeves and Loving Counties, Texas
- Represented a Fort Worth based family office backed company in an acquisition of assets in Eddy County, New Mexico
- Represented an Austin based private equity backed portfolio company in its acquisition of assets in Lea County, New Mexico from Elliott Industries Limited Partnership
- Represented a Lubbock based private company in its divestment of assets in Lea County, New Mexico to DENM Holdco, LLC
- Represented a Midland based private company in its acquisition of ~5,000 acres in Eddy County, New Mexico from several family backed sellers
- Represented an Austin based family office backed company in its divestment of assets in Upton County, Texas
- Represented a private equity backed portfolio company in its divestment of assets in Ector County, Texas
- Represented a public energy company in its exchange of assets in Glasscock, Howard, and Reagan Counties, Texas with DE Permian, LLC
- Represented EnCap Investments, L.P. backed Peacemaker Royalties, L.P. in its $61 million divestment of oil and gas assets in the Permian Basin to Endeavor Energy Resources, LP’s subsidiary, 1979 Royalties, LP
- Represented Castlelake, L.P. backed portfolio company in its series of divestments of oil and gas assets in Upton, Howard, and Pecos Counties, Texas to: (1) BCP Resources, LLC; (2) Hibernia Energy III, LLC; (3) Momentum Minerals Operating II, LP; (4) Pecos River Exploration, LLC; and (5) Tailwater Royalties, LLC
- Represented a private capital provider backed company in its formational acquisition of oil and gas assets in Eddy County, New Mexico from Murchison Oil and Gas, LLC
- Represented a privately held company in its divestment of oil and gas assets in Eddy County, New Mexico to Double Eagle Permian, LLC
- Represented a publicly listed company in its divestment of surface tracts in Glasscock County, Texas
- Represented a private equity backed mineral and royalty company in its acquisition of overriding royalty interests in New Mexico
- Represented a private company in its formation and initial acquisition of Texas Permian Basin assets
- Represented a private equity backed portfolio company in its acquisition of Montana and North Dakota Bakken Formation assets
- Represented a private equity backed portfolio company in its $140 million acquisition of Permian Basin assets from Centennial Resources
- Represented a private equity backed portfolio company in its $139 million acquisition of Permian Basin assets from Concho Resources
- Represented a private equity backed, minerals focused portfolio company in its acquisition of mineral and royalty interests from Tumbleweed Royalties
- Represented a private equity backed portfolio company in a complex trade of Permian Basin assets with a Fort Worth based private equity backed portfolio company
- Represented a private equity backed portfolio company in its acquisition of Permian Basin assets from Shell
- Represented a private equity backed portfolio company in its $560 million divestment to Diamondback Energy Inc.
- Represented a private equity backed portfolio company in its acquisition of Southern Delaware Basin assets from Finley Resources Inc.
- Represented a private equity backed portfolio company in its acquisition of Southern Delaware Basin assets from Endeavor Energy Resources LP.
- Represented a public energy company in its $1 billion acquisition of Texas and New Mexico Permian Basin oil and gas assets from Three Rivers Operating Company
- Represented a public energy company in its $185 million acquisition of Texas Permian Basin oil and gas assets from PDC Energy, Inc.
- Represented a public energy company in its $250 million acquisition of OGX Resources LLC
- Represented a public energy company in its acquisition of Delaware Basin non-producing oil and gas assets, consisting of 62,000 net acres, from Lone Star Oil & Gas Inc.
- Represented a public Norwegian company in its $19.75 million divestment oil and gas assets in the Texas Wolfberry Formation
- Represented a public Norwegian company in multiple acreage and well trades in the North Dakota Bakken Formation valued at approximately $50 million
- Represented a public energy company in the proposed purchase of a multi-thousand acre ranch in Upton County, Texas
Other Transactional Matters
- Represented a Midland based private equity backed portfolio company in a Development Agreement in Lea County, New Mexico
- Represented a Fort Worth based family office backed company in a Well Cost Carry Agreement with Devon Energy Production Company, L.P. and WPX Energy Permian, LLC for assets in Eddy County, New Mexico
- Represented a Louisiana based Pearl backed portfolio company in a series of Crude Oil Purchase Contracts and Pipeline Connection and Dedication Agreements with Plains Marketing, L.P. in Ector County, Texas
- Represented a Midland based private company in a Water Gathering and Disposal Agreement and Asset Purchase Agreement
- Represented a Fort Worth based family office backed company in a series of Crude Oil Purchase, Dedication and Connection Agreements with Energy Transfer LP in Eddy County, New Mexico
- Represented a Fort Worth based family office backed company in a series of Water Management and Dedication Agreements with WaterBridge Stateline LLC in Eddy County, New Mexico
- Represented a public energy company in a Surface Use Agreement, Sand Purchase Agreement, and divestment of surface related assets in Glasscock and Howard Counties, Texas, with OnCore Processing LLC
- Represented an Austin based private company in a series of Crude Petroleum Purchase Agreements and Connection Agreements with Bridger Pipeline LLC and Eighty-Eight Oil LLC in McKenzie County, North Dakota
- Represented a private equity backed portfolio company in a series of Water Management and Dedication Agreements for assets in Ector County, Texas
- Represented a material Permian landowner in a Surface Use Agreement with Chevron U.S.A. Inc. for assets in Upton County, Texas
- Represented an Austin based private company in a Permian AMI and Acquisition Agreement
- Represented a start-up entity in a Master Consulting Agreement for professional advisory services
- Represented a Fort Worth based private company in a series of Surface and Saltwater Disposal Agreements
- Represented a publicly listed company in its construction and numerous crossings of pipeline facilities for a Texas and New Mexico frac sand conveyor belt system
- Represented Rockport Energy Solutions in a master consulting agreement governing operations and experimental enhanced recovery methods in oil and gas wells
- Represented a privately held company in a bitcoin mining agreement in Fisher County, Texas
- Represented NGP Energy Capital backed portfolio company in the negotiation of surface agreements and confidentiality agreements
- Represented a privately held company focused on E&P in the Permian Basin in its formation and initial acquisition agreement
- Represented a private company in its construction and numerous crossings of pipeline facilities for a Texas and New Mexico frac sand conveyor belt system, along with a frac sand exploration agreement
- Represented a private company in its formation and acquisition of salt water disposal wells
- Represented a private equity backed portfolio company in its successful debt raise from EIG Global Energy Partners utilizing an innovative “drill-ship” structure
- Represented a private equity portfolio company in a water usage and dedication transaction with WaterBridge Resources LLC consisting of fresh water production, saltwater disposal, royalties, equity and usage rights
- Represented a private equity portfolio company in the negotiation of its gas gathering agreement with SCM
- Represented a private equity portfolio company in the negotiation of its crude oil transportation agreements with Oryx Midstream
