Biography
Rodney Moore is Co-Managing Partner of Weil’s Dallas office and a partner in the Firm’s Private Equity practice. Rodney also spends a significant amount of time in the Firm’s Houston office. He regularly represents private equity firms and public and private companies in acquisition, divestiture and joint venture transactions. Rodney has considerable experience representing clients in upstream and midstream oil and gas transactions, including oil and gas property, pipeline and processing facility acquisitions and divestitures, upstream joint development arrangements, and midstream joint venture transactions. He also advises oil and gas companies on operating and other commercial contract matters. Rodney also regularly represents both issuers and investors in connection with transaction and corporate and securities laws matters in restructurings and chapter 11 reorganizations.
Rodney also has extensive experience advising boards of directors of publicly-held corporations in addressing acquisition opportunities and responding to unsolicited acquisition proposals, takeover defenses and general corporate duties.
Rodney's representative clients have included: Aethon Energy, Apco Oil & Gas, Approach Resources, Basic Energy Services, BlackBrush TexStar LP, Breitburn Energy Partners LP, Centennial Resources Development, Centerbridge Partners, Cresta Energy, Discovery Midstream Partners, Easton Energy LLC, EIG Global Energy Partners, EnLink Midstream Partners, EXCO Resources, Fieldwood Energy LLC, Frac Tech Services, Goldman Sachs (GS Global Infrastructure Partners), GSO Capital Partners, HM Capital Partners, Kinder Morgan, Laredo Energy, Magnetar Capital, Memorial Production Partners LP (n/k/a Amplify Energy Corp.), Multi-Chem, Inc., Natural Gas Partners, Old Ironsides Energy, Pioneer Natural Resources, Regency Energy Partners, Southcross Holdings, Stonegate Production Company LLC, Tailwater Capital, TexStar Midstream and Wildcat Midstream Partners.
Experience
- Aethon Energy
- $735 million acquisition of northwest Louisiana natural gas assets from QEP Resources, Inc.
- Aethon Energy Management (a subsidiary of Aethon Energy)
- Together with RedBird Capital Partners, in the acquisition of natural gas-producing assets in east Texas and northern Louisiana from SM Energy Company
- Together with RedBird Capital Partners, in its acquisition of the Moneta Divide oil and gas assets, approximately 188,000 net acres in Wyoming, from Encana Oil & Gas (USA) Inc.
- Basic Energy Services, Inc.
- In its acquisition of C&J Well Services and subsequently in connection with its chapter 11 cases and sale of substantially all of its assets
- BlackBrush Oil & Gas LP
- Multiple acquisitions and dispositions of upstream oil and gas assets in the Eagle Ford Shale
- Upstream joint venture in the Eagle Ford Shale
- Sale of BlackBrush Oil & Gas to Ares Management, L.P.
- Breitburn Energy Partners LP
- $775 million sale of certain of its upstream assets to Birch Permian Holdings, Inc. and its $793 million sale of the remainder of its assets to Maverick Natural Resources LLC, via a chapter 11 reorganization
- Cold Creek Solutions, Inc.
- Joint venture to develop a cold storage facility in the Dallas-Fort Worth area
- Joint venture to develop a cold storage facility in the San Antonio, TX area
- Cresta Fund Management
- Acquisition of a provider of renewable natural gas and waste management solutions for the agricultural sector and the formation of a joint venture to develop, own and operate renewable natural gas production facilities
- Discovery Midstream Partners (the ownership vehicle for management)
- and other selling owners of Discovery DJ Services LLC, a joint venture of Old Ironsides Energy and Ward Energy Partners, in the sale of Discovery DJ Services to TPG Capital and rollover of a portion of management’s equity
- Easton Energy LLC
- Acquisition of the Gulf Coast natural gas liquids pipeline systems assets from The Williams Companies, Inc.
- EIG Global Energy Partners
- Sale of upstream assets by CHK Cleveland Tonkawa, LLC, to FourPoint Energy and related redemption of preferred equity by CHK Cleveland Tonkawa, LLC (together with GSO Capital Partners, Magnetar Capital and TPG Capital)
- Restructuring/exchange of debt for equity in an offshore exploration and production company
- Restructuring of debt and capital structure at portfolio company holding upstream assets
- $475 million preferred equity investment in CrownRock Holdings, L.P. (together with Magnetar Capital)
- EXCO Resources
- Acquisition of upstream assets in Texas and Louisiana
- Fieldwood Energy LLC
- Prepackaged chapter 11 cases pursuant to which Fieldwood deleveraged its balance sheet by $1.6 billion, raised approximately $525 million in an equity rights offering and purchased for $710 million all Gulf of Mexico deepwater oil and gas assets of Noble Energy, Inc. and its related $1 billion sale of all deepwater assets and certain shallow water and other assets to QuarterNorth Energy Holding, Inc.
- Gavilan Resources, LLC
- 363 bankruptcy sale of substantially all of its assets to Mesquite Energy, Inc. (f/k/a Sanchez Energy Corporation)
- GSO Capital Partners (n/k/a Blackstone Credit)
- Sale of upstream assets by CHK Cleveland Tonkawa, LLC, to FourPoint Energy and related redemption of preferred equity by CHK Cleveland Tonkawa, LLC (together with Magnetar Capital, EIG Global Energy Partners and TPG Capital)
- Co-investment in $450 million of preferred securities in Plains E&P GOM development project
- HM Capital
- Establishment of multiple platform energy companies
- Multiple upstream and midstream acquisition and divestiture transactions
- Equity Investment in Triton Energy
- Acquisition/divestiture of Regency Energy Partners
- Sale of interest in upstream JV
- Upstream and midstream joint venture in Eagle Ford Shale
- Kinder Morgan
- Disposition of upstream assets of El Paso
- Kingfisher Midstream, LLC and its subsidiaries
- In their 363 bankruptcy sale of midstream assets to BCE-Mach III LLC in connection with their chapter 11 cases, which are jointly administered with the chapter 11 cases of Alta Mesa Resources, Inc. and its subsidiaries
- Magnetar Capital
- As a member of an investment group, in the group's $1.25 billion purchase of preferred shares of CHK Utica LLC, a newly formed unrestricted, non-guarantor consolidated subsidiary of Chesapeake Energy Corporation which was formed to own and develop oil and gas producing assets in the Utica Shale, plus an overriding royalty interest in the first 1,500 (net ORRI) new wells to be drilled on the leasehold acreage contributed by Chesapeake as part of the transaction.
- As a member of an investment group, in the group's $1.25 billion purchase of preferred shares of CHK Cleveland Tonkawa LLC, a newly formed unrestricted, non-guarantor consolidated subsidiary of Chesapeake Energy Corporation which was formed to own and develop oil and gas producing assets, plus an overriding royalty interest in the first 1,000 (net ORRI) new wells to be drilled on the leasehold acreage contributed by Chesapeake as part of the transaction
- Sale of upstream assets by CHK Cleveland Tonkawa, LLC, to FourPoint Energy and related redemption of preferred equity by CHK Cleveland Tonkawa, LLC (together with GSO Capital Partners, EIG Global Energy Partners and TPG Capital)
- In its minority investment of up to $450 million of equity and delayed draw unsecured debt capital in Double Eagle Energy Permian Operating LLC, to support additional Midland Basin acquisition opportunities for Double Eagle and to accelerate its drilling program.
- In its capacity as a holder of preferred equity in connection with the $18 billion merger of Energy Transfer Partners and Regency Energy Partners
- In its capacity as a holder of preferred equity in connection with the approximately $7.5 billion merger of Crestwood Equity Partners and Crestwood Midstream Partners
- $1.25 billion sale of preferred shares of CHK Utica (together with GSO/Blackstone and EIG Global Energy Partners)
- $475 million preferred equity investment in CrownRock Holdings, L.P. (together with EIG Global Energy Partners)
- Preferred stock investment, alongside KKR's Energy Income & Growth Fund, in Covey Park Energy LLC to partially finance Covey Park's acquisition of certain upstream assets from Chesapeake Exploration, LLC
- $250 million preferred investment in Lucid Energy Group, LLC
- Co-investment in $450 million of preferred securities in Plains E&P GOM development project
- Old Ironsides Energy
- $1.75 billion sale of three Delaware Basin subsidiary companies of Brazos Midstream Holdings, LLC to Morgan Stanley Infrastructure
- Investment in Carbon Appalachian Company, LLC (CAC); CAC's acquisition of certain assets of CNX Gas Company; and a subsidiary of CAC's agreement with Nytis Exploration Company LLC, to acquire and develop certain upstream oil and gas assets
- Internal restructuring of a portfolio company, Calyx Energy III LLC to set up a midstream platform within an existing upstream structure and to develop midstream assets
- Investment in Confluence Resources Holdings LP, a joint venture with NGP XI US Holdings, L.P., State Farm Mutual Automobile Insurance Company and Wells Fargo Central Pacific Holdings, Inc. to acquire and develop upstream oil and gas assets
- Joint development agreement with Rubicon Oil & Gas, Inc. and Boyd & McWilliams Energy Group, Inc. to fund the acquisition and development of upstream assets in the Permian Basin
- Investment in Gary Permian, LLC, a joint venture with Gary Petroleum Partners, LLC to acquire and develop upstream assets in the Permian Basin
- Ontario Teachers’ Pension Plan
- in its $250 million acquisition of an undivided 55% interest in certain mineral fee interests, non-participating royalty interests and overriding royalty interests in Loving County, Texas held by Santa Elena Minerals, LP (a portfolio company of EnCap Investments)
- in its equity investment in FireBird Energy LLC and in FireBird's acquisition of upstream assets in the Midland Basin in Texas from El Dorado Resources, LLC
- Pioneer Natural Resources
- Joint Development Agreement for development of upstream assets and construction of related midstream system
- Private equity firm
- in its $300 million acquisition of a 1% overriding royalty interest in certain oil and gas leases and wells in southwestern Pennsylvania from Range Resources-Appalachia, LLC and Range Resources-Pine Mountain, Inc., subsidiaries of Range Resources Corporation
- in its $150 million acquisition of a 0.5% overriding royalty interest in certain oil and gas leases and wells in southwestern Pennsylvania from Range Resources-Appalachia, LLC and Range Resources-Pine Mountain, Inc., subsidiaries of Range Resources Corporation
- Regency Energy Partners
- Acquisition of TexStar Field Services
- Acquisition of Nexus Gas Holdings
- Acquisition of Pueblo Midstream
- Acquisition of FrontStreet Hugoton
- Acquisition of Zephyr Gas Services
- Wildcat Midstream Partners
- Joint venture with Approach Resources for construction and operation of a crude oil pipeline
- Sale of its crude oil joint venture, Wildcat Permian Services, to an affiliate of JP Energy Development LP
- Midstream joint venture with HighStar Capital
- Midstream joint venture with Liberty Energy
- Lindsay Goldberg
- Joint venture to acquire and develop upstream assets in the Woodford Shale from Chesapeake Energy
- Acquisition of upstream assets in Bakken
- Acquisition of overriding royalty interests in Bakken
- Tailwater Capital
- Midstream joint venture in Eagle Ford Shale
- Sale of midstream assets (crude oil pipeline system) in the Eagle Ford Shale
- Sale of a crude oil pipeline, gathering and storage assets and natural gas liquids assets in South Texas to NuStar Logistics, L.P.
- Construction of an Olefins/off gas processing facility
- Combination with Southcross Energy Partners LP to form Southcross Holdings LP, an Eagle Ford-focused midstream operation with equity interests in the TexStar and Southcross Energy Assets
- Special Committee of the Board of Directors of McMoRan Exploration Company (MMR)
- $3.4 billion sale of MMR to Freeport-McMoRan Copper & Gold Inc. as part of three-way merger with Freeport-McMoRan and Plains Exploration & Production Company – a deal with total transaction value of approximately $20 billion
- Warwick Energy Group
- Acquisition of R/C Sugarkane LLC, an upstream oil and gas company with producing interests in South Texas' Eagle Ford Shale, from Riverstone Holdings LLC
- Special Committee of the Board of Directors of Continental Resources, Inc.
- $340 million acquisition of the oil assets of Wheatland Oil, Inc., adding to its holdings in the Bakken shale field of North Dakota and Montana
- Southcross Holdings LP
- $210 million preferred equity commitment from Energy Capital Partners Mezzanine Opportunities Fund and GE Energy Financial Services, the proceeds of which will be used for the acquisition and development of natural gas gathering, processing, treating, compression and transportation facilities in the Eagle Ford shale region of South Texas
- Stonegate Production Company LLC
- Sale of certain non-operated oil and gas assets to Stonehold Energy Corporation
- Sale of certain operated oil and gas assets to an unidentified private, independent oil and gas exploration, production and development company
- WPX Energy
- $2.75 billion acquisition of RKI Exploration & Production, LLC
- $775 million acquisition of certain oil and gas assets in the Delaware Basin in Texas from Panther Energy Company II, LLC and CP2 Operating, LLC
- EnLink Midstream Partners, LP and EnLink Midstream LLC
- $1.55 billion acquisition of subsidiaries of Tall Oak Midstream LLC
- Zedd Energy Holdco Ltd. (a portfolio company of Harbour Energy)
- Acquisition of certain offshore Peruvian oil and gas assets pursuant to a 363 bankruptcy sale from BPZ Resources, Inc.
- The management team of Admiral Permian Resources, LLC
- Joint venture with Pine Brook Road Partners and Riverstone Holdings under which Pine Brook and Riverstone will provide up to a $600 million line of equity to purchase and develop upstream assets in the Permian Basin
- The management team of Navigator Energy Services
- $250 million joint venture with First Reserve to further develop and operate Big Spring Gateway System
- Endeavour International Corporation
- Sale of its North American assets to various purchasers pursuant to a 363 bankruptcy sale
- TPG Capital
- Sale of upstream assets by CHK Cleveland Tonkawa, LLC, to FourPoint Energy and related redemption of preferred equity by CHK Cleveland Tonkawa, LLC (together with GSO Capital Partners, EIG Global Energy Partners and Magnetar Capital)
- Cortland Capital Market Services
- $110.5 million acquisition of the assets of Emerald Oil, Inc. on behalf of lenders Fir Tree Partners and Crestline Investors
- Approach Resources Inc.
- $130 million initial exchange of senior notes held by the majority noteholder for new common shares of Approach, and a follow-on exchange offer for the remaining notes for new common shares of Approach
- Kellen-Wildcat Holdings (a joint venture between Wildcat Midstream Partners and Old Ironsides Energy)
- Sale of a 40% stake (retaining 10%) in Wildcat Midstream Holdings LLC to affiliates of Highstar Capital, the owner of the other 50% of Wildcat Midstream
Rodney is recognized as a leading lawyer for Energy: Oil & Gas (Transactional) by Chambers Global 2022 and Chambers USA 2020-2022, where clients describe him as a “fantastic partner” who has “an in-depth knowledge of legal matters and an uncanny ability to retain detail as if he was an in-house general counsel” (Chambers USA 2020). He is recognized as a “Leading Lawyer” for Energy Transactions: Oil & Gas by Legal 500 US 2022, where clients note that he has “deep industry knowledge.” He is also recognized as a “Notable Practitioner” for M&A and Private Equity in the U.S. by IFLR1000 2018-2022. Rodney has been named among D Magazine’s 2018 Best Lawyers in Dallas list, and has also been named among the “Who’s Who in Energy” by the Dallas Business Journal and Houston Business Journal. Rodney has been named a Texas Super Lawyer* 2012-2022 and a “Best Lawyer” for both Corporate Law and Mergers & Acquisitions Law in Dallas by Best Lawyers in America** 2005-2023. He was named a 2015 Energy “MVP” by Law360.
* Super Lawyers recognition is a Thomson Reuters service
** Best Lawyers (in America) is by Levine Leichtman Capital Partners