Steven Tredennick

Partner, Houston

Biography

Overview

Steven Tredennick is a partner in White & Case's M&A practice, based in Houston, Texas with particular expertise in transactions involving the oil & gas industry. Steven focuses on corporate finance matters, joint ventures, governance matters with respect to limited liability companies and partnerships, including the formation, merger, acquisition, dissolution or restructuring of all forms of alternative business entities and regularly represents private equity funds and their portfolio companies in merger and acquisition transactions.

Steven has a broad range of experience with mergers and acquisitions in a variety of energy related industries, including oil and gas exploration and production, oilfield services, natural gas storage and manufacturing.

Steven is also experienced in the negotiation and analysis of joint operating agreements, participation agreements, unit and unit operating agreements, joint development agreements, farmouts and other oil and gas joint venture arrangements. In addition he has represented both acquiring and acquired interests in transaction structuring in anticipation of foreign investment/national security reviews before the Committee on Foreign Investment in the United States ("CFIUS") under the Exon-Florio statute.

Prior to joining the Firm, Steven was a partner and chair of the corporate practice at another Houston-based law firm.

Bars and Courts
Texas State Bar
Education
JD
University of Virginia
MP
University of Virginia
BA
Whittier College
Languages
English

Experience

Oil and Gas; Midstream & Downstream Transactions
 

Delek Group in its acquisition of a 22.45% working interest in the Caesar Tonga field in the Gulf of Mexico from Shell for US$965 million, and a long-term purchase agreement with Shell Trading (US) Company for the produced oil.

Recoil Resources, LLC in its acquisition of oil and gas assets in the Eagle Ford from Lonestar Resources, Inc.

Ara Partners in its majority investment in Priority Power Management, LLC, an independent energy management services and consulting firm.

WaterBridge Resources LLC in the acquisition of water gathering and disposal assets from Luxe Energy LLC

WaterBridge Resources LLC in the acquisition of water gathering and disposal assets from Concho Resources Inc.

Jefferies as financial advisor to the Conflicts Committee of the Board of Directors of High Crush Partners LP in connection with its conversion to Hi-Crush, Inc,

Jefferies as financial advisor to the Conflicts Committee of the Board of Directors of the general partner of Valero Energy Partners LP in connection with its acquisition by Valero Corporation.

Ara Partners Group in its majority investment in Centric Gas Services, an owner and operator of local gas distribution companies and gas transmission pipeline companies.

Junction Energy Capital and Ara Partners Group in connection with their majority investment in Puralube, Inc.

Recoil Resources, LLC in its acquisition of oil and gas assets in the Eagle Ford from Hunt Oil Company.

Energy Allied International Corporation and Sandpiper Chemicals LLC as sponsors in the development and construction of a 3,000 m/ton per day methanol facility in Texas City, Texas.

Water Bridge Resources LLC in the acquisition of EnWater Solutions, LLC, a leading produced water gathering and disposal company in the Southern Delaware Basin.

Water Bridge Resources II in the acquisition of Arkoma Water Resources, LLC, a produced water gathering and disposal system owned by USG Surface Facilities I, LLC.

IDG Energy International Limited in its acquisition of US$170 million of non-operating oil and gas assets in the Eagle Ford.

SEAH Steel Corporation in the acquisition of Sojourn Partners, L.L.C. and O.C.T.G., O.L.L.P.

Guggenheim Investments as a "stalking horse" bidder for the assets of CCNG Energy Partners, L.P.

Venture Mud One, L.P. and its affiliates with the sale of substantially all of their assets to Canadian Energy Services & Technology Corp.

R360 Environmental Solutions, Inc. with its acquisition of Prairie Disposal, Inc. and Prairie Liquids, LLC, leading providers of E&P waste management services in the Williston Basin.

Waste Connections Inc. in its acquisition of Zenith Produced Water, LLC.

Buccaneer Energy in its disposition of offshore oil and gas properties in Alaska’s Cook Inlet.

Buccaneer Energy in a participation agreement covering the joint development of offshore oil and gas properties in Alaska’s Cook Inlet.

Buccaneer Energy in the purchase and acquisition financing of the jack-up rig, The Endeavor: Spirit of Independence.

Juno Energy, LLC in the sale of oil and gas properties to Sheridan Production Co. LLC.

Element Petroleum LLC in the sale of oil and gas properties to Mariner Energy, Inc.

OFS Energy Services, LLC in the sale of most of its assets to Key Energy Services, Inc.

Thorpe Corporation in the leveraged buyout by The CapStreet Group.

Special Committee of National Energy Group, Inc. in the ultimate sale of E&P assets to affiliate of American Real Estate Partners, LP.

ArcLight Capital Partners, LLC in the acquisition and later sale of its ownership interest the Southern Pines Energy Center.

ArcLight Capital Partners, LLC in the acquisition of the the Houston Fuel Oil Terminal Company.

 

Private Equity Commitments
 

Recoil Resources, LLC in its equity commitment by Energy Transfer Partners.

Water Bridge Resources II LLC in its US$400 million equity commitment by Five Point Capital Partners.

Water Bridge Resources LLC in its US$200 million equity commitment by Five Point Capital Partners.

Rover Petroleum Holdings LLC in its US$250 million equity commitment by Riverstone Holdings LLC.

Castex Energy in its US$200 million equity commitment by Riverstone Holdings LLC and Riverstone Energy Limited.

 

Cross Border Mergers and Acquisitions
 

Delek Group in its US$965 million agreement to acquire the Caesar Tonga oil field in the Gulf of Mexico assets from Shell.

Junction Energy Capital and Ara Partners Group in connection with their majority investment in Puralube, Inc.

COSCO Shipping Holdings Co. Ltd. in its voluntary general offer for Orient Overseas International Limited.

Marubeni America Corporation in its acquisition of a leading auto parts distributor in the Southwestern United States and Caribbean.

KBR Inc. in its acquisition of Chematur Engineering Subsidiaries Weatherly Inc., Plinke GmbH and Cuematur Ecoplanning Oy.

Marubeni America Corporation in its acquisition of direct-to-the installer automotive parts supplier.

Norsk Hydro ASA in its acquisition of NYSE listed Spinnaker Exploration Company.

 

Investor Representation
General Electric Pension Trust in its initial and follow-on co-investments in Venari Resources LLC.

General Electric Pension Trust in its co-investment in Warwick-Minerva, LLC.

Chinese pension fund in its investment in EPE Acquisition, LLC, the acquirer of EL Paso Energy Corporation.

 

Awards and Recognition

Leading Lawyer for M&A and Private Equity in the United States, Euromoney's Expert Guide, 2018