Jarrod H. Gamble
Overview
Jarrod Gamble is a partner in the Houston office of Kirkland & Ellis LLP. He represents oil and natural gas exploration and production (E&P) companies, energy companies and private equity-backed firms in a broad range of oil and gas transactions and carbon management projects, including the purchase, sale and financing of E&P properties, processing plants and pipeline systems. His experience includes assisting in the asset acquisition and drilling over federal and fee lands in Alaska, Colorado, New Mexico, North Dakota, Oklahoma, Texas and Wyoming.
Prior to entering legal practice, Jarrod was a landman, managing land, legal, and lease issues for significant land plays in Oklahoma. During law school, Jarrod was Graduate Research Assistant to Professor Owen L. Anderson as well as a Judicial Extern to the Appellate Referee of the Oklahoma Corporation Commission, where he assisted the Appellate Referee in contested hearings before the Oklahoma Corporation Commission.
Experience
Representative Matters
Upstream Representative Matters
Ovintiv Inc. (NYSE: OVV) in the $2 billion sale of its Uinta Basin assets to FourPoint Resources, LLC
Diamondback Energy, Inc. (NASDAQ: FANG) in the exchange of certain of its Delaware Basin assets and $238 million in cash for TRP’s Midland Basin assets
Advised the seller of a package of natural gas properties in eastern Texas on a purchase and sale agreement with Diversified Energy Co. PLC (LSE: DEC; NYSE: DEC)
Devon Energy (NYSE: DVN) in its $5 billion acquisition of the Williston Basin business of Grayson Mill Energy
Mach Natural Resources LP (NYSE: MNR) in its $815 million acquisition of certain interests in oil and gas properties, rights, and related assets located in certain counties in Oklahoma from Paloma Partners IV LLC
Tall City Property Holdings III, a portfolio company of Warburg Pincus LLC, in the sale of its Delaware Basin assets to Vital Energy (NYSE: VTLE) for $285 million in cash and 1.58 million common shares
Earthstone Energy, Inc. (NYSE: ESTE) and Northern Oil and Gas, Inc. (NYSE: NOG) in their $1.5 billion Delaware Basin acquisition of oil and gas assets from Novo Oil & Gas Holdings, LLC
Ovintiv Inc. (NYSE: OVV) in its $4.275 billion acquisition of all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, and the concurrent $825 million sale of its Bakken assets
Diamondback Energy, Inc. (NASDAQ: FANG) in its acquisition of all leasehold interest and related assets of Lario Permian, LLC and certain associated sellers in exchange for 4.18 million shares of Diamondback common stock and $850 million of cash
Diamondback Energy, Inc. (NASDAQ: FANG) in its acquisition of all leasehold interest and related assets of FireBird Energy in exchange for 5.86 million shares of Diamondback common stock and $775 million of cash
EQT Corporation (NYSE: EQT) in its $5.2 billion acquisition from THQ Appalachia I, LLC and THQ-XcL Holdings I, LLC (affiliates of Quantum Energy Partners and Tug Hill Operating) of their direct and indirect upstream and midstream subsidiaries and associated oil and gas assets, properties and gathering systems in the Appalachian Basin
H3 Minerals LLC, an affiliate of Haymaker Minerals & Royalties III and portfolio company of Denham Capital, in its acquisition of a large-scale diversified mineral portfolio in Texas, Louisiana, North Dakota, and Montana
Formentera Partners in its acquisition of upstream oil and gas assets and carbon capture assets from Rockall Energy Holdings as part of the 363 sales process of the debtor seller
National Fuel Gas Co. (NYSE:NFG) in the sale of Seneca’s California oil and gas assets to Sentinel Peak Resources California LLC for total consideration between $280 million and $310 million, depending on oil prices, and subject to customary closing adjustments
Whiting Petroleum Corp. (NYSE: WLL) in its $6 billion merger of equals with Oasis Petroleum Inc. (NASDAQ: OAS)
GEP Haynesville, LLC in its $1.85 billion sale to Southwestern Energy (NYSE: SWN)
Primexx Energy Partners on the $788 million acquisition of its leasehold interests and related oil, gas and infrastructure assets by Callon Petroleum Company
Energy Transition Representative Matters
Summit Carbon Solutions in its CO2 capture, transportation and storage arrangement with Valero, as part of the largest proposed carbon capture and storage project in the world
Summit Carbon Solutions in its carbon capture partnership with POET, connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project
ArcLight Clean Transition Corp. II in its $1.75 billion combination with Opal Fuels LLC, a vertically integrated producer and distributor of renewable natural gas, resulting in Opal Fuels Inc. (NASDAQ: OPAL, OPALW)
Riley Exploration Permian, Inc. (NYSE: REPX) in its joint venture with Conduit Power, LLC to use gas from oilfield production in the Permian Basin to generate electrical power
Prior Experience
Represented Apache Corporation in its combined $612 million asset sales in the Western Anadarko Basin and the SCOOP/STACK play.
Represented Wells Fargo Bank, N.A. as administrative agent for the first lien lender group in the Alta Mesa Chapter 11 bankruptcy case, including advising Wells Fargo in the 363 sale of assets to BCE-Mach III LLC.
Represented Echo Energy Partners I, LLC in its Chapter 11 bankruptcy case, including the $32.96 million divestment of its SCOOP/Stack assets under Section 363 of the US Bankruptcy Code for its to HPS Investment Partners LLC.
Represented Private equity-backed buyer — $240.55 million acquisition of producing properties on lands owned by the State of Texas and overseen by the Board for Lease of University Lands in the Southern Midland Basin from EP Energy.
Represented Sabalo Energy, LLC in its sale of Midland Basin assets to Laredo Petroleum Inc. for $606 million in cash and 2.507 million shares of Laredo’s common stock.
Represented Eni Petroleum US LLC in its acquisition of 30 percent interest and a follow-on deal for remaining 70 percent and operatorship of the Oooguruk oil field in Alaska from Caelus Natural Resources Alaska, LLC
Represented Eni Petroleum US LLC regarding potential legacy decommissioning liabilities of up to $110 million as a result of Fieldwood’s proposed abandonment of certain assets in its Chapter 11 plan of reorganization, which resulted in securing a settlement including a lump sum payment, a cap on Eni’s potential decommissioning liability and payment of legal fees
Bracewell LLP
More
Thought Leadership
Press Mentions
"Midstream Missing from Carbon Capture Incentives, Analysts Say," Hart Energy, November 3, 2022
Publications
“IRS Must Defer to Industry Pacts for Carbon Capture Tax Credits,” Bloomberg Law, October 4, 2024
“The Carbon Capture Opportunity for Midstreamers,” The Texas Lawbook, October 22, 2021
“A Conversation with Texas Railroad Commission on Secure Geologic Storage of CO2,” Webinar, May 25, 2021
“Low Carbon Innovation and Legal Issues: Use of Land In CCUS and Related Property Rights,” 72nd Annual Oil & Gas Law Conference, April 21, 2021
“The Way Forward: A Legal and Commercial Primer on Carbon Capture, Utilization, and Sequestration,” The Texas Journal of Oil, Gas, and Energy Law, Volume 16:1, Page 43, February 4, 2021
Seminars
Panelist, “Historical and Future Perspectives on Traditional Energy Oil and Natural Gas,” University of Oklahoma College of Law, October 28, 2021
Presenter, “A Commercial and Legal Overview of Carbon Capture, Carbon Management, and Carbon Markets,” 5th Annual IEL National Young Professionals in Energy Conference, October 21, 2021
Memberships & Affiliations
Rocky Mountain Mineral Law Foundation
Institute for Energy Law: Young Professionals in Energy
American Association of Professional Landmen
Credentials
Admissions & Qualifications
- Texas
- Oklahoma
- Colorado
Education
- University of Oklahoma College of LawJ.D.2017
RMMLF Scholarship Recipient
American Jurisprudence Award: Oil and Gas
Founding Editor, Oil and Gas, Natural Resources, and Energy Journal; American Indian Law Review
President of Oil and Gas, Natural Resources, and Energy Society
- University of OklahomaB.A.2013