David S.Stringer

Partner

Houston + 1.832.239.3761

David Stringer represents energy companies, master limited partnerships, and private equity funds and their portfolio companies in domestic and international renewable energy, oil and gas, and chemicals and petrochemicals transactions. He particularly focuses on M&A and joint venture projects, having advised on more than $35 billion of these transactions. David provides a focused and efficient approach to helping clients identify, understand, and mitigate the risks faced within the energy value chain.

David's most recent experience includes a variety of complex acquisitions, divestitures, development projects, reorganizations, carve-outs, and dropdowns, spanning businesses and assets involving renewable energy facilities, refineries, 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 transactions in the energy and chemicals industry.

In 2017, David was named by Law360 as one of five "Rising Stars" in the United States in the energy space.

Experience

  • 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.
  • Chevron sells 43 percent stake in two Colombian gas production fields to HocolJones Day is representing Chevron Petroleum Company ("Chevron"), a subsidiary of Chevron Corporation (NYSE: CVX), in its sale of its 43 percent 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").
  • 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 percent 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.
  • 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.
  • Chevron to buy Pasadena Refining System for $350 million from Petrobras America Inc.Jones Day is advising 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.
  • Pathways to Law Program, a supplemental learning program for Houston students, kicks off the 2018-2019 school year at Pilgrim Academy and Oak Forest ElementaryJones Day Houston lawyers are partnering with lawyers from Chevron in the Pathways to Law Program, a supplemental learning program for students in Houston.
  • 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 to sell minority interest in solar portfolio to Global Atlantic Financial Group for $1.175 billionJones Day is advising Southern Power Company in its $1.175 billion sale of a 33 percent minority interest in its solar portfolio to Global Atlantic Financial Group Limited.
  • Total, NOVA, Borealis form venture for U.S. Gulf Coast projectsJones Day advised Total Petrochemicals & Refining USA, and affiliates of Austria’s Borealis AG and Canada’s NOVA Chemicals (both affiliates of the UAE’s Mubadala Investment Company) in the formation of a joint venture to build a $1.7 billion, 1 million ton per year ethane cracker in Port Arthur, Texas, acquisition of Total’s existing 400,000 ton per year two-line polyethylene plant in Bayport, Texas, and building of a new 625,000 ton per year Borstar PE plant at the Bayport site.
  • Andeavor buys Kenai LNG plant in Alaska from ConocoPhillipsJones Day advised Trans-Foreland Pipeline Company LLC, an affiliate of Andeavor Logistics, LP, in connection with the acquisition of a liquefied natural gas (LNG) facility in Kenai, Alaska, from ConocoPhillips Company for an undisclosed amount.
  • Enable Midstream Partners acquires Align Midstream, LLC for $300 millionJones Day advised Enable Midstream Partners, LP, an owner, operator, and developer of strategically located natural gas and crude oil infrastructure assets, in connection with its $300 million acquisition of Align Midstream, LLC from Tailwater Capital.
  • SHV Energy acquires propane businesses of American Midstream Partners for $170 millionJones Day advised SHV Energy N.V. in the $170 million acquisition of the propane businesses (Pinnacle Propane, LLC, Alliant Gas, LLC and Pinnacle Propane Express, LLC) of American Midstream Partners, LP (“AMID”).
  • Andeavor acquires 39 Flyers-owned convenience store gas station locations from Flyers EnergyJones Day represented Andeavor Corporation in the acquisition of 39 Flyers-owned convenience store gas station locations from Flyers Energy.
  • Koch Supply & Trading sells Rotterdam splitter to VitolJones Day advised Koch Supply & Trading on the sale of its Rotterdam located 85,000 barrel a day oil refinery to Vitol.
  • Titan Energy sells Appalachia assets for $84.2 millionJones Day advised Titan Energy, LLC, an affiliate of Atlas Energy Group, LLC, in the $84.2 million sale of a portion of its Appalachia assets to Diversified Gas & Oil, PLC.
  • Major midstream company negotiates commercial agreementsJones Day represented a major midstream company in negotiating acquisition, joint venture and commercial agreements for a proposed oil and gas gathering and processing infrastructure joint venture.
  • 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
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