John Craven

Energy Transition Matters

• Nucor Corporation, the nation’s largest steel manufacturer, in an agreement with ExxonMobil to capture, transport, and store carbon from the company's direct reduced iron (DRI) plant in Convent, Louisiana.
• Global integrated energy company in connection with two separate joint ventures to develop carbon capture, utilization and sequestration projects along the U.S. Gulf Coast.
• Ethanol producer in connection with carbon capture, utilization and sequestration project in the Midwest.
• Diversified downstream energy company in connection with multiple carbon capture, utilization and sequestration projects in Texas.
• Global energy company in preparation of LH2 Sale and Purchase Agreement LH2 facility.
  
   

Acquisitions and Divestitures

• Represented Chesapeake Energy Corporation in its:
  • $1.4 billion sale of the Brazos Valley region of its Eagle Ford assets to WildFire Energy I LLC (named by the Association for Corporate Growth Houston as the Upstream Deal of the Year and Overall Deal of the Year in 2023).
  • $1.4 billion sale of approximately 2,300 wells in the black oil portion of its Eagle Ford asset, primarily in Dimmit, LaSalle and McMullen counties, to INEOS Energy.
  • divesture of its remaining Eagle Ford oil and gas assets to SilverBow Resources, Inc. for $700 million.
• Represented Diversified Energy Company PLC in its $410 million acquisition of oil and gas assets from Oaktree Capital Management, L.P.
• Represented Callon Petroleum Company in its:
  • sale of all its Eagle Ford oil and gas assets to Ridgemar Energy Operating, LLC for $655 million in cash with an additional contingent consideration up to $45 million.
  • $475 million acquisition of the Midland Basin assets of Percussion Petroleum Operating II, LLC, with contingent consideration up to $62.5 million.
• Public energy company in its acquisition of $2.65 billion of oil and gas interests in Pennsylvania’s Marcellus Shale
• ONEOK, Inc. in its strategic $280 million acquisition of a 450-mile natural gas liquids (NGL) pipeline system from Easton Energy.
• Public midstream service provider in its $50 million acquisition of crude oil storage and transportation assets located in Texas.
• Public energy company – Divestiture of $34 million of oil and gas assets, including equity in pipeline entity, located in the Barnett Shale
• Public energy company – Divestiture of $77 million of oil and gas assets located in Southern Oklahoma
• Public energy company – Divestiture of $320 million of oil and gas assets located in Mississippi Lime formation
• Private equity-backed oil and gas company - Acquisition of $740 million of oil and gas assets in Wyoming
• Public energy company – Divestiture of $88 million of oil and gas assets located in the Utica Shale
• Public energy company – Divestiture of $84 million of oil and gas assets located in the Arkoma Basin
• Public energy company – Divestiture of $43 million of non-operated oil and gas assets located in the Marcellus Shale
• Private energy company – Divestiture of $103 million of non-operated oil and gas assets located in the Bakken Shale
• Public energy company – Acquisition of $130 million of oil and gas assets located in the Marcellus Shale and Utica Shale
• Public energy company – Divestiture of $450 million of oil and gas assets located in the Haynesville Shale
• Public energy company – Divestiture of $150 million of oil and gas assets in eastern U.S.
• Public energy company – Divestiture of oil and gas assets located in the Barnett Shale
• Public energy company – Acquisition of $170 million of upstream oil and gas assets located in the Marcellus Shale
• Public energy company – Acquisition of $136 million of upstream oil and gas assets located in southern Oklahoma
• Public energy company – Divestiture of $106 million of upstream oil and gas assets in southern Oklahoma
• Public energy company – Divestiture of $128 million of producing and non-producing mineral and royalty interests
• Public energy company – Divestiture of $840 million of upstream oil and gas assets in the Western Anadarko Basin
• Domestic energy company – Acquisition of $44 million of West Texas Permian Basin Assets
• Diversified Energy Company in its $45.5 million acquisition of certain operated natural gas assets and midstream infrastructure located in Alabama, Virginia and West Virginia from affiliates of Summit Natural Resources, LLC.

Energy Projects and Joint Ventures

• Global energy company in finalizing a significant liquefied natural gas (LNG) sales and purchase agreement.
• Ecopetrol in its $1.5 billion cash and carry joint venture with Occidental Petroleum in the Permian Basin and joint venture with Occidental Petroleum in the Delaware Basin.
• Public energy company – windup of royalty joint venture with private equity partner and acquisition of royalty interests
• Public energy company – drilling joint venture to develop oil and gas assets in the Uinta Basin of Utah and commitment of related crude oil supply
• Private equity-backed oil and gas company – joint venture to develop North Texas oil and gas assets
• Public company – Acquisition from, and joint venture with, international energy company covering oil and gas assets in Colorado
• Private energy company – Formation of drilling partnership with private equity fund to develop oil and gas assets in the Permian Basin
• Public energy company – windup of mineral acquisition joint venture with private equity partner International energy company – Partial divestiture in, and restructuring of joint venture for development of, upstream and midstream oil and gas assets located in the Eagle Ford region of South Texas
• Public energy company – Restructuring of gas gathering agreements in Haynesville Shale and Utica Shale operating areas

* Some of these representations were handled by John prior to his joining Haynes Boone.