Jeff A.Schlegel

Practice Leader Energy

Houston + 1.832.239.3728

Connect:

Share

Head of the Firm's global Energy Practice, Jeff Schlegel has more than 30 years of experience in leading international and domestic M&A and project development transactions for energy industry participants, particularly in oil and gas, liquefied natural gas (LNG), chemicals/petrochemicals, power, renewables, and energy-related infrastructure.

Jeff's M&A experience includes public and private M&A, joint venture, and project development transactions in the upstream, midstream, and downstream oil and gas industry, chemicals/petrochemicals, polyolefins and catalysts, LNG, power, renewables and energy transition matters, and other capital intensive industries. His project development experience in these sectors includes structuring, engineering, procurement, construction, operations, and primary commercial arrangements. Jeff also has represented domestic and multinational companies in a variety of public and private transactions, including inbound and outbound investment, and cross-border transactions in a wide range of industries in Europe, Latin America, Asia, Africa, and North America.

Jeff's recent engagements include more than $450 billion of: energy projects, joint ventures, acquisitions, dispositions, and financings; LNG import and export projects and transactions in North America, Latin America, Europe, the Middle East, and Southeast Asia; refining, logistics, and other downstream transactions in the United States and the Asia/Pacific region; midstream transactions and projects around the world; the development of multiple world-scale facilities; and oil field services transactions in the United States, Africa, the Middle East, and Europe.

Jeff is a regular speaker on energy industry trends and issues, and he has been involved in the drafting of model forms of energy industry contracts. Jeff has been recognized by many premier legal publications, including in the 2024 edition of WWL Thought Leaders: Global Elite.

Experience

  • TotalEnergies completes PIPE investment in NextDecade Corporation and investment in $18.5 billion Rio Grande LNG ProjectJones Day represented TotalEnergies in connection with its PIPE investment in NextDecade Corporation and investment in the Rio Grande LNG (RGLNG) Project, a planned natural gas liquefaction project in South Texas.
  • Marathon Petroleum Corp announces joint venture for Martinez Renewable Fuels Project with NesteJones Day advised 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.
  • NOVA Infrastructure and Nopetro Energy create new renewables platformJones Day represented NOVA Infrastructure in the partnership with Nopetro Energy to create Nopetro Renewables, a renewable energy platform focused on renewable natural gas ("RNG") and biofuels.
  • Marathon Petroleum acquires 49.9% interest in LF BioenergyJones Day advised Marathon Petroleum Corp. in the $50 million acquisition of a 49.9% interest in LF Bioenergy, an emerging producer of renewable natural gas (RNG) in the United States, from Cresta Fund Management.
  • TotalEnergies' affiliate Cray Valley sells three product lines to Pacific Avenue Capital PartnersJones Day is advising Total Energies on its sale of three product lines to Pacific Avenue Capital Partners (Wingtack®, PolyBD® and Dymalink®) developed by Cray Valley, its resin production and sales affiliate.
  • MassMutual enters into approximate $840 million transaction for purchase and financing of natural gas assets located in Pennsylvania and West VirginiaJones Day represented Massachusetts Mutual Life Insurance Company and MassMutual Ascend Life Insurance Company in connection with (a) the acquisition and financing of asset-backed notes and certificates the proceeds of which were used to acquire proved, developed, and producing ("PDP") natural gas assets in Pennsylvania and West Virginia and (b) the formation of a limited partnership and the subsequent acquisition of six proven-undeveloped natural gas wells located in Pennsylvania and West Virgina.
  • SER Capital Partners acquires Charah Solutions, Inc.Jones Day advised SER Capital Partners in its acquisition of all of the issued and outstanding shares of common stock of Charah Solutions for a consideration of $6.00 per share.
  • 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.
  • 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.
  • 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.
  • 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").
  • Large oil and gas marketer negotiates long-term NGL sales agreementJones Day represented a large oil and gas marketer in negotiating a long-term NGL sales agreement with deliveries in the Gulf Coast.
  • 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.
  • 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.
  • Sempra Energy sells subsidiary to ArcLight Capital PartnersJones Day advised Sempra Energy in the sale of a Sempra subsidiary to ArcLight Capital Partners for $328 million in cash, subject to adjustments for working capital.
  • 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.
  • Rangeland Energy develops hydrocarbon terminal system in Corpus Christi, TexasJones Day is advising Rangeland Energy III in connection with the development of Rangeland’s STEPS Terminal - an integrated hydrocarbon logistics system that will receive and store refined products, liquefied petroleum gas ("LPG") and other hydrocarbons at the new terminal hub located in Corpus Christi, Texas, and transport them to terminals primarily located in Mexico.
  • Andeavor Logistics acquires Wamsutter Pipeline System from Plains All American Pipeline for $180 millionJones Day advised Andeavor Logistics LP in its acquisition of the Wamsutter Pipeline System from Plains All American Pipeline, L.P., a Houston, Texas-based pipeline operator, for $180 million.
  • 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.
  • Chevron sold its Hawaii refining, distribution, and retail assets to Island Energy Services, LLCJones Day advised Chevron U.S.A. Inc. in its sale to Island Energy Services, LLC, a wholly owned subsidiary of One Rock Capital Partners, LP, of all of Chevron's refining, distribution, and retail assets located in Hawaii, including the 58,000 barrel-per-day refinery in Kapolei, interests in a network of 58 retail service stations, four product distribution terminals on Oahu, Maui, Kauai, and Hawaii Island, pipeline distribution systems, and other related downstream assets statewide.
  • The Southern Company, Kinder Morgan finalize Southern Natural Gas pipeline strategic ventureJones Day advised The Southern Company ("Southern") in its acquisition from Kinder Morgan of a 50 percent equity interest in the 7,600-mile Southern Natural Gas ("SNG") pipeline system.
  • 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.
  • 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.
  • TonenGeneral Sekiyu combines with JX GroupJones Day advised TonenGeneral Sekiyu K.K. in connection with the business integration with JX Group, which forms the largest oil refiner in Japan.
  • DTE acquires M3's Appalachia Midstream assets for $1.3 billionJones Day advised DTE Energy in its $1.3 billion acquisition of 100 percent of Appalachia Gathering System and 55 percent of Stonewall Gas Gathering, both midstream natural gas assets located in the Appalachia region, from M3 Midstream LLC and Vega Energy Partners.
    • View All

    APRIL 2024 Alert

    U.S. Department of Energy Conditionally Commits Up to $1.5 Billion to Finance Nuclear Plant in Michigan

    March 2024 Alert

    SEC Finalizes Climate Disclosure Rules

    March 2024 Newsletters

    U.S. EPA's New Methane Emissions Charge – My Wallet or Yours?

    February 2024 Commentary

    EPA Proposes Regulations to Implement Methane Fee

    January 2024 Commentary

    Proposed Guidance Clarifies "Foreign Entity of Concern" Restrictions for Clean Vehicle Credit

    December 2023 Commentary

    EPA Finalizes Methane Emission Regulations

    October 2023 Commentary

    Ahead of Methane Emission Fees, EPA Proposes New Reporting Rules for Petroleum and Natural Gas Industry

    July 2023 Alert

    FERC Affirms Expansion of its Affiliate Rules, Reflecting Greater Scrutiny Over Investments in Public Utilities

    May 2023 Commentary

    The Agency Strikes Back: EPA Proposes New Emissions Limits for Fossil Fuel-Fired Power Plants

    November 2022 Alert

    FERC Signals Increased Scrutiny Over Affiliate Relationships

    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
    • May 7, 2015
      Turmoil in the Oil Patch: Risks and Opportunities for Oil & Gas Companies and Investors
    • February 14, 2013
      Jones Day Regional Energy Conference, Harnessing Regional Opportunity in the new Energy Economy
    • October 25, 2012
      China Outbound Focus Workshop: How to Deal With Regional Issues in Overseas Investments
    • 2012年10月25日
      中国对外投资专题讨论会：如何处理海外投资的区域性问题
    • 2012年10月24日
      对外投资研讨会：中国公司全球扩展中的法律风险管理
    • October 24, 2012
      Outbound Seminar "Managing Legal Risks in Global Expansion of Chinese Companies"
    • November 11, 2010
      2010 Speaker Series: Marcellus Shale
    • February 17, 2004
      Opportunities for Successful Investment in LNG Infrastructure, Jones Day Client Seminar
    • November 14, 2002
      Rethinking Policy and Market Liberalization - The New Face of Risk, panelist, International Business and Energy Law Conference of the International Bar Association

    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.