Cyril V. Jones, P.C.
Overview
Cy’s practice focuses on complex transactions including mergers and acquisitions, divestitures and private equity, with a particular focus on the energy and infrastructure sectors. He has counseled private equity investors, their portfolio companies, and other public and private companies in connection with mergers, acquisitions, dispositions, complex joint ventures and offerings of equity and debt securities.
Experience
Representative Matters
Cyril's representative transactions have included:
-
EQT Corporation (NYSE: EQT) in its $1.25 billion sale of its remaining non-operated natural gas assets in Northeast Pennsylvania to Equinor USA Onshore Properties Inc. and certain of its affiliates
-
Blackstone in its acquisition of a majority stake in Westwood Professional Services, Inc., an engineering and design firm focused on renewables, power, real estate and public infrastructure end markets
-
Sandbrook Capital in its $300 million capital commitment with NGP in Cloverleaf Infrastructure, a developer of large-scale digital infrastructure sites powered by low-carbon electricity
-
EQT Corporation (NYSE: EQT) in its sale and exchange with Equinor USA Onshore Properties Inc., of an undivided 40% interest in EQT’s non-operated natural gas assets in northeast Pennsylvania, in exchange for $500 million of cash and certain upstream and midstream oil and gas assets from Equinor
-
EQT Corporation (NYSE: EQT) in its $35 billion merger with Equitrans Midstream Corporation (NYSE: ETRN)
-
Blackstone (NYSE: BX) in its strategic minority growth investment in Salas O’Brien
-
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
-
Quantum Capital Solutions, an affiliate of Quantum Capital Group, in its $300 million commitment to a joint venture with Comstock Resources Inc. (NYSE: CRK) to develop Comstock’s Western Haynesville midstream assets
-
Mach Natural Resources LP (NYSE: MNR) in its $190 million initial public offering
-
Energy Capital Partners in its approximately $1 billion combination with Bridgepoint Group plc (LSE: BPT)
-
Apollo (NYSE: APO) in connection with the sale of Broad Reach Power, a Houston-based company specialized in battery storage, to French multinational utility company ENGIE, by co-investment partners Apollo, EnCap, Yorktown Partners and Mercuria Energy, for a total equity value in excess of $1 billion
-
Blackstone Energy Partners in its sale of Ulterra Drilling Technologies, L.P. to Patterson-UTI Energy, Inc. (NASDAQ: PTEN)
-
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
-
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
-
Actis in its acquisition of a co-control stake in Catalyze, a distributed solar and battery storage infrastructure developer
-
Quantum Energy Partners in its partnership with Bison Oil & Gas to form Bison Oil & Gas Partners IV, LLC with more than $500 million in equity capital commitments, and in closing multiple DJ Basin acquisitions
-
Rice Acquisition Corp II (NYSE: RONI), a special purpose acquisition company, in its $1.459 billion business combination with NET Power LLC, a clean energy technology company
-
Archaea Energy Inc. (NYSE: LFG), an industry-leading renewable natural gas company, in its $4.1 billion sale to bp p.l.c. (NYSE: BP)
-
MAS Energy LLC and MAS CanAM LLC in the sale of MAS CanAm’s renewable natural gas development platform to CIM Group
-
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
-
Augment Infrastructure in its $85 million investment with the Danish Investment Fund for Developing Countries in Origo Energia, a distributed generation company in Brazil
-
Mas CanAm LLC in its $355 million sale of three renewable natural gas landfill assets to Kinder Morgan Inc.
-
The Special Committee of the Board of Directors of Greenbacker Renewable Energy Company LLC in connection with its Management Internalization
-
Apollo (NYSE: APO) in its acquisition of a 50 percent stake in Broad Reach Power LLC, a leading renewable energy and energy storage developer
-
Rice Acquisition Corp. II, a special purpose acquisition company, in its $300 million initial public offering
-
Indigo Natural Resources LLC in its $2.7 billion merger with Southwestern Energy Company (NYSE: SWN)
-
Rice Acquisition Corp., a special purpose acquisition company, in its $1.15 billion business combination with Aria Energy LLC and Archaea Energy LLC to form Archaea Energy, a publicly-traded renewable natural gas platform
-
Apollo Global Management Inc. on the sale of its interest in Arlington Valley Solar Energy II, a 175 megawatt solar photovoltaic project, to Capital Dynamics
-
Custom Truck One Source (CTOS), a Blackstone portfolio company, in its $1.475 billion sale to Nesco Holdings, Inc. (NYSE: NSCO)
-
EQT Corp. (NYSE: EQT) in its $735 million acquisition of Chevron USA’s upstream and midstream assets in the Appalachian Basin
-
Blackstone Energy Partners in its acquisition of NRStor, a North American battery-storage developer
-
BCE-Mach III LLC, an affiliate of Bayou City Energy Management and Mach Resources, in its acquisition of Alta Mesa Holdings, LP and its subsidiaries’ upstream oil and gas assets and Kingfisher Midstream, LLC and its subsidiaries’ midstream assets as part of the 363 sales process of the debtor sellers
-
QL Capital Partners, LP in its partnership with Devon Energy Corporation to fund gas gathering and compression assets in the Delaware Basin
-
Indigo Natural Resources in the $2.65 billion sale of its interest in a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana to DTE Midstream
-
GSO Capital Partners LP and its affiliates in a $350 million preferred equity commitment to Genesis Alkali Holdings Company, LLC, an unrestricted subsidiary of Genesis Energy, LP
-
A private equity sponsor in its joint venture with Houston Energy, L.P. to develop non-operated deepwater exploration projects in the Gulf of Mexico
-
Nesco, an industrial equipment rental business owned by ECP, in its $1.1 billion combination with Capitol Investment Corp. IV, a special purpose acquisition company
-
Strategic Value Partners, LLC in its acquisition of food ingredient and ethanol facilities and related businesses from White Energy, including the largest vital wheat gluten manufacturing facility in North America
-
Blackstone Energy Partners in its acquisition of a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities LLC
-
A major alternative investment firm in a $150 million preferred equity investment in an E&P company
-
Haymaker Resources and its sponsor KKR in the $404 million sale of oil and gas mineral and royalty interests to Kimbell Royalty Partners
-
Salt Creek Midstream, a midstream partnership between Ares Management, L.P. and ARM Energy Holdings, LLC, in debt and equity financing matters
-
Indigo Natural Resources LLC, in its consolidation with three affiliated operating entities under a common capital structure in connection with a private offering of $650 million of senior unsecured notes due 2026
-
EIG Global Energy Partners LLC in its senior secured second lien investment in Rosehill Operating Company, LLC and preferred equity investment in Rosehill Resources Inc.
-
Bayou City Energy, an investor in Alta Mesa and Kingfisher Midstream, in its $3.8 billion combination of Silver Run Acquisition Corp. II, a special purpose acquisition company, with Alta Mesa and Kingfisher Midstream
-
Alberta Investment Management Corporation in its commitment to fund, along with a syndicate of financial sponsors, Howard Midstream Energy Partners LLC’s strategic partnership with WPX Energy to develop crude oil and natural gas gathering and processing infrastructure in the Delaware Basin
-
KKR in its $625 million divestiture of certain Eagle Ford Shale assets owned by KKR and Anadarko Petroleum Corporation to WildHorse Development Corporation paid in cash and WRD common stock
-
The equity holders of Pharm-Olam International, Ltd. (Pharm-Olam) on Quad-C Management, Inc.’s investment in Pharm-Olam, a multinational, full-service clinical research organization, serving the biopharmaceutical and medical device industries
-
Indigo Haynesville in its approximately $450 million agreement to purchase from Chesapeake Energy Corp. a portion of its acreage and producing properties in its Haynesville Shale operating area in northern Louisiana and associated placement of second lien and equity financing with a syndicate of private equity firms
-
Alberta Investment Management Corporation in its agreement to acquire, on behalf of certain of its clients, an ownership stake in Howard Energy Partners from EnLink Midstream Partners, LP
-
Bayou City Energy in connection with a preferred equity investment in High Mesa Inc., the Class B limited partner of Alta Mesa Holdings, LP, a privately held oil and gas exploration and production company with assets in the Sooner Trend and South Louisiana
-
Alberta Investment Management Corporation in its $500 million preferred equity investment in Howard Midstream Energy Partners, LLC
-
Indigo Minerals LLC in its $375 million equity capital raise and the acquisition of certain producing properties and undeveloped acreage in the core of the Cotton Valley and Haynesville plays from a private exploration and development company
-
The Blackstone Group in connection with its joint venture with Vine Oil & Gas
-
KKR in its partnership with Chesapeake Energy Corporation to invest in mineral interests and royalty interests in key oil and gas basins in the United States
-
GSO Capital Partners LP in its consortium with GeoSouthern Haynesville, LP, GEP Haynesville LLC, to fund the consortium’s $850 million agreement to acquire from indirect, wholly-owned subsidiaries of Encana Corporation its Haynesville Shale assets*
-
Ferrellgas Partners, L.P. in its approximately $837 million acquisition of Bridger Logistics, LLC*
-
The conflicts committee of a publicly-traded MLP in its approximately $241 million acquisition of mining assets in Wyoming*
-
Two publicly-traded alternative investment funds in their investment as debt and equity investors in a newly-formed E&P company focused on the Wattenberg field*
-
A private equity firm in the sale of certain interests in a foreign portfolio company to an oil & gas supermajor*
-
The conflicts committee of a publicly-traded MLP in its review of two “dropdown” transactions for approximately $97 million in aggregate consideration*
-
A publicly-traded E&P company in its approximately $153 million acquisition of oil and gas assets in the Permian Basin region*
-
A publicly-traded E&P company in its approximately $150 million divestiture of oil and gas assets in the Arklatex region*
-
A publicly-traded E&P company in the approximately $190 million divestiture of stock in an oil and gas production company operating in Texas*
-
Sanchez Oil & Gas Corporation in its approximately $639 million acquisition of over 106,000 acres of oil and gas assets in the Eagle Ford region*
-
Sanchez Oil & Gas Corporation in its approximately $220 million acquisition of oil and gas assets in the Eagle Ford region*
-
A foreign E&P company in its acquisition of interests in an offshore operating agreement in West Africa*
-
A privately-held E&P company in various aspects of the construction and installation of offshore oil and gas platforms*
More
Thought Leadership
Seminars
Presenter, “The Race to Decarbonize the Grid,” Energy Infrastructure Council Investor Conference, May 2023
Moderator, “How Innovation Can Lead the Way to Capital,” Energy Capital Conference, October 2022
Publications
"Profiting from the Oil Decline: A Financial and Legal Analysis of Opportunities in Today’s Energy Market," May 2015
Recognition
Recognized as “On The Rise” by Texas Lawyer, 2024
Recognized for Private Equity & Corporate and M&A by IFLR1000, 2021–2024
Recognized for Energy Transactions: Oil and Gas by The Legal 500 U.S., 2021 and 2023
Recognized for Energy: Renewable/Alternative Power by The Legal 500 U.S., 2023
Credentials
Admissions & Qualifications
- 2011Texas
Languages
- English
Education
- University of Houston Law CenterJ.D.2010Managing Editor, Houston Journal of International Law
- University of Houston, Bauer College of BusinessM.B.A.2010
- University of Texas at AustinB.A., Plan II Honors Program & History2007