David S.Stringer

Partner

Houston + 1.832.239.3761

Connect:

Share

David Stringer represents energy and chemicals/petrochemicals industry participants in mergers and acquisitions, joint ventures, projects, and other transactions. His practical approach to client matters is focused on mitigating actual risk while efficiently driving transactions forward. He has completed more than $40 billion in energy transactions.

David's recent experience includes a variety of complex acquisitions, divestitures, development projects, reorganizations, carve-outs, and dropdowns, spanning businesses and assets involving clean and renewable energy facilities, refineries, specialty chemical and petrochemical plants and facilities, terminals, hydrocarbon inventories, retail stations, pipeline gathering, processing and transportation systems, and refined fuel procurement and distribution systems. In addition, he regularly handles general corporate matters and other commercial contract and corporate matters.

Experience

  • EssilorLuxottica and CooperCompanies form joint ventureJones Day advised EssilorLuxottica in the formation of its joint venture, SightGlass Vision, with CooperCompanies for the commercialization of novel spectacle lens technologies to expand the myopia management category.
  • SER Capital Partners portfolio company Perfect Power Solutions Texas, LLC sells energy storage assets in Texas to Gore StreetJones Day is advising SER Capital Partners portfolio company Perfect Power Solutions Texas, LLC in the sale of a portfolio of eight energy storage assets in Texas to Gore Street.
  • Marathon Petroleum Corp announces joint venture for Martinez Renewable Fuels Project with NesteJones Day is advising Marathon Petroleum Corp. in the formation of a joint venture with Neste to convert Marathon’s idled refinery in Martinez, California into a 730 million gallons per year renewable fuels facility.
  • OGE Energy being advised in unit-for-unit merger of Enable Midstream Partners LP by Energy Transfer LP for $7.2 billionJones Day advised OGE Energy Corp. ("OGE") in connection with the acquisition of Enable Midstream Partners LP by Energy Transfer LP in a unit-for-unit merger transaction valued at $7.2 billion.
  • SER Capital Partners invests $82 million in Brightcore EnergyJones Day represented SER Capital Partners in its $82 million investment in Brightcore Energy, a clean energy and efficiency as a service company serving commercial, industrial, and institutional real estate owners.
  • Seal for Life acquires CanusaJones Day advised Arsenal Capital Partners in the acquisition by portfolio company, Seal For Life Industries, of the Canusa-CPS and Dhatec businesses from Shawcor.
  • Chevron sold 43% stake in two Colombian gas production fields to HocolJones Day represented Chevron Petroleum Company ("Chevron"), a subsidiary of Chevron Corporation (NYSE: CVX), in the sale of its 43% interest in the Association Contract and related rights and assets, pursuant to which Chevron operates certain upstream natural gas assets in the Chuchupa natural gas field in the Caribbean Sea and Ballena fields in the province of La Guajira, Colombia, to Hocol, S.A. ("Hocol"), a subsidiary of state-owned Ecopetrol S.A. ("Ecopetrol").
  • Meridian Adhesives Group acquires adhesives division of John P. KummerJones Day represented Meridian Adhesives Group, a portfolio company of Arsenal Capital Partners, in the acquisition of the adhesives division of John P. Kummer GmbH, AG and Ltd (JPK).
  • Cardinal States Gathering Company and CSG Holdings obtain $125 million senior secured term loan facilityJones Day represented Cardinal States Gathering Company LLC and CSG Holdings I LLC in connection with a $125 million senior secured term loan facility provided by a syndicate of lenders led by Investec Bank plc, as administrative agent.
  • CSG Holdings obtains $50 million senior secured term loan facilityJones Day represented CSG Holdings II LLC and CSG Holdings III LLC in connection with a $50 million senior secured term loan facility provided by a syndicate of lenders led by Investec Bank plc, as administrative agent.
  • SHV Energy collaborates with Oberon Fuels, Inc., producer of renewable dimethyl etherJones Day advised SHV Energy N.V. with its collaboration and the entering into of a convertible note purchase agreement with Oberon Fuels, Inc., a producer of renewable DME, to accelerate the use of renewable DME to decarbonize transportation.
  • Seal for Life acquires Flame Control Coatings, Highland International, LifeLast, and US CoatingsJones Day advised Arsenal Capital Partners ("ACP") on the four acquisitions by portfolio company Seal for Life of Flame Control Coatings, Highland International, LifeLast, and US Coatings, manufacturers of protective coating technologies.
  • PTTEP acquires additional shareholding in APICO LLCJones Day represented PTT Exploration and Production Public Company Limited ("PTTEP"), a publicly listed petroleum exploration and production company based in Thailand, in connection with its subsidiary, PTTEP HK Holding Limited, acquiring an additional 39% stake in APICO LLC from Coastal Energy Company (Khorat) Limited.
  • Total acquires Toshiba's interest in Freeport LNGJones Day advised Total Gas & Power Asia Private Limited ("Total"), a subsidiary of Total S.A., in (i) its purchase of all of the outstanding shares of Toshiba America LNG Corporation ("TAL") from Toshiba America, Inc. ("TAI"), and (ii) its assumption of all LNG related agreements from Toshiba Energy Systems & Solutions Corporation ("TESS").
  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • MPLX LP acquires Andeavor Logistics LPJones Day represented Marathon Petroleum Corporation, one of the largest independent refining, marketing and midstream companies in the U.S., in the combination of its two master limited partnerships, MPLX LP (NYSE: MPLX) and Andeavor Logistics LP (NYSE: ANDX) in a unit-for-unit transaction at a blended exchange ratio of 1.07x, representing an equity value of approximately $9 billion and an enterprise value of $14 billion for ANDX.
  • Chevron buys Pasadena Refining System for $350 million from Petrobras America Inc.Jones Day advised Chevron U.S.A. Inc., a wholly-owned subsidiary of Chevron Corporation, in its purchase of all of the equity interests of Pasadena Refining System Inc. ("PRSI") and PRSI Trading, LLC from Petrobras America Inc. for $350 million, subject to adjustments for working capital.
  • Investment banking and securities firm provides $110 million senior secured term loan facility to owner of upstream oil and gas assets in Oklahoma’s Arkoma stackJones Day advised an investment banking and securities firm in connection with a $110 million senior secured term loan facility provided to an owner of upstream oil and gas assets in the Arkoma stack located in the State of Oklahoma.
  • Rex Energy successfully closes $600.5 million 363 asset sale and confirms plan of liquidation with releases and exculpation provisionsA multi-disciplinary Jones Day team represented Rex Energy Corporation in the negotiation of a Restructuring Support Agreement ("RSA") with its first and second lien creditors that formed the foundation for a successful chapter 11 process.
  • Southern Power sold minority interest in solar portfolio to Global Atlantic Financial Group for $1.175 billionJones Day advised Southern Power Company in its $1.175 billion sale of a 33% minority interest in its solar portfolio to Global Atlantic Financial Group Limited.
    • View All

    May 2022 Newsletters

    U.S. and EU Create Joint Task Force to Increase Natural Gas Imports and Reduce Dependence on Russian Energy

    February 2022 Newsletters

    The Climate Report | First Quarter 2022

    November 2021 Newsletters

    The Climate Report | Fourth Quarter 2021

    July 2021 Newsletters

    The Climate Report | Third Quarter 2021

    May 2021 Newsletters

    Biden Infrastructure Plans Could Spur Clean Energy Deals

    May 2021 Newsletters

    The Climate Report | Second Quarter 2021

    May 2021 Newsletters

    Temporary Ban on New Federal Oil and Gas Leases Under Fire

    May 2021 Newsletters

    FERC Announces Greenhouse Gas Emissions Will Be Considered in Review of Natural Gas Pipeline Certificates

    February 2021 Newsletters

    The Climate Report - First Quarter 2021

    January 2021 Alert

    Biden Administration Announces Moratorium on New Federal Oil and Gas Leases
    View All

    Speaking Engagements

    • June 2019
      海外投融資情報財団：米国エネルギー最新動向：投資機会と課題
    • February 13-14, 2014
      Midstream Gas Companies - Commercial and M&A Issues, 9th Annual Texas Journal of Oil, Gas, and Energy Law
    • February 13-14, 2014
      Boom to Bust, panelist, 9th Annual Texas Journal of Oil, Gas, and Energy Law

    Before sending, please note:

    Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.