Michael P. Darden

Global Chair, Oil & Gas Transactions Practice at Latham & Watkins LLP

Michael P. Darden

Michael P. Darden

Global Chair, Oil & Gas Transactions Practice at Latham & Watkins LLP

Biography

Michael P. Darden, a partner in the Houston office, serves as the Global Chair of the Oil & Gas Transactions Practice and Co-chair of the global Oil & Gas Industry team.

Mr. Darden's practice focuses on:

International and United States oil and gas ventures (including LNG, deep-water and unconventional resource development projects)
International and US infrastructure projects
Asset acquisitions and divestitures
Energy-based financings (including project financings, reserve-based loans and production payments)

Mr. Darden previously served as Vice President, Business Development, for Nuevo Energy Company, with responsibility for US and international business development, international new ventures, international legal and negotiations matters, international mergers and acquisitions, as well as real estate portfolio management and land matters in the US. He has also served as the firmwide chair of the global oil and gas practice at a major international firm and worked in the international legal and/or negotiations areas for Tenneco Oil Company, BHP Petroleum and Hunt Oil Company.

Mr. Darden has been recognized in the following publications:



Chambers USA – America’s Leading Lawyers for Business in energy: oil & gas (transactional), 2015



The Best Lawyers in America, 2007–2015



The International Who's Who of Oil & Gas Lawyers, 2010–2014

Chambers USA Guide America's Leading Business Lawyers, 2005–2014
Chambers Global Guide, 2011-2014
Law & Politics as a "Texas Super Lawyer," 2003–2004, 2006–2014
The International Who's Who of Business Lawyers, 2008–2014
The International Who's Who Legal of Project Finance Lawyers, 2012–2014
The Who's Who Legal of Texas Lawyers, 2008–2014
The Houston Business Journal Who’s Who in Energy, 2012, 2014
Legal 500, 2012–2013

Mr. Darden is a member of the Association of International Petroleum Negotiators, in which he has served as an officer, director and committee chairman and was co-chair of the committee that developed the model form international farmout agreement. Mr. Darden is Board Certified in Oil and Gas Law by the Texas Board of Legal Specialization and a member of the Houston Bar Association.

Mr. Darden’s representative experience includes:

Extensive work on petroleum exploration, development and/or production projects outside the US in all regions of the world, including several LNG projects. Involvement at all stages of petroleum projects, working with governments, industry partners, contractors, suppliers, lenders and insurers
Representation of seller in divestiture of 63,000 net acres of productive and exploratory leasehold in the Wolfcamp Shale of the Permian Basin, along with seller’s interest in certain mid-stream gathering assets, for US$2.5 billion
Representation of seller in divestiture of 36% interest in 8,300 net acres in the Eagle Ford formation for US$175 million and subsequent joint venture
Representation of carried party in joint venture to develop 12,160 acres in the Woodford Shale with a development plan comprised of 38 wells, in 15 of which the counterparty was to pay a disproportionate share of drilling and completion costs
Representation of producer (gas owner) in terminaling agreement for counterparty to store and transport producer's natural gas stream to producer's terminal and to process the natural gas stream to produce and deliver ethane to producer's ships at the terminal for overseas delivery
Representation of buyer in acquisition of several producing deepwater Gulf of Mexico fields (23 leases encompassing five field areas), along with associated capacity rights in offshore infrastructure and interests in related contracts, for US$5.55 billion
Representation of Sumitomo Corporation in its US$2.0 billion investment in exchange for 30% of Devon’s interest in approximately 650,000 net acres in the Cline shale and the Midland-Wolfcamp Shale of the Permian Basin
Representation of largest seller in multi-company divestiture of approximately 32,000 gross acres in the Bakken Shale formation of North Dakota for US$1.4 billion
Representation of seller in divestiture of Gulf of Mexico Shelf properties for US$818 million
Representation of seller in divestiture of 64,000 net acres of leasehold in the Marcellus Shale, along with associated rights in gathering, processing and sales agreements, for US$325 million
Conveyance of US$5 billion of onshore exploration and production assets in relation to spin-off of exploration and production company from regulated utility
Representation of seller in divestiture of 120,000 net acres of productive and exploratory leasehold in the Eagle Ford Shale formation in South Texas, along with the seller’s interest in certain mid-stream gathering assets, for US$1.45 billion
Representation of seller in divestiture of 20,000 net acres of productive leasehold in the Barnett Shale formation and 4,000 net acres of productive leasehold in the Texas panhandle for US$993 million
Drafting and negotiation of production sharing contracts, licenses, technical evaluation agreements, confidentiality agreements, joint bidding agreements, farmout agreements, purchase and sale agreements, joint operating agreements, drilling contracts and service contracts for exploration and production activities of independent oil company in more than 60 countries


24 September 2014
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Case Study: Wolfcamp Shale of the Permian Basin

Abu Dhabi, United Arab Emirates

Presentation explores the transaction structure utilized in Latham & Watkins' representation of a foreign client in its multibillion dollar investment in the Permian Basin.


24 September 2014
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Mapping out Unconventional Resource Plays in the US

Abu Dhabi, United Arab Emirates

Presentation examines unconventional resource plays in the United States.


09 September 2014
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Oil & Gas Transactions Seminar



Drilling through the details of acquisitions, divestitures and JVs.


04 October 2013
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Challenges in Doing US Oil and Gas Deals with Foreign Entities



Presentation for the 31st Annual Oil, Gas and Energy Resources Law Course.


23 September 2013
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Due Diligence for International Petroleum Transactions

Houston, Texas

Presentation at the International Energy Law, Contracts and Negotiations conference.


05 September 2013
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Unconventional Resource Development in the US (and the Japanese Case for Shale Gas)

Tokyo, Japan

Presentation explores unconventional resource development in the United States and the opportunities created, by changes in the US gas market, for investment by Japanese companies.


25 April 2013
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Secondment Agreements and Technical Services Agreements: The New Technology Transfer

Austin, TX

Presentation from the 2013 AIPN Spring Confernence.

Overview
RelSci Relationships

2317

Number of Awards

1

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Partner at Latham & Watkins LLP

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Deputy Office Managing Partner at Latham & Watkins LLP

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Office Managing Partner, San Francisco at Latham & Watkins LLP

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Deputy General Counsel at Latham & Watkins LLP

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Global Chair, International Tax Practice at Latham & Watkins LLP

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Co-Chair, Global Capital Markets Practice at Latham & Watkins LLP

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Global Chair, Litigation Practice at Latham & Watkins LLP

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Global Chair, Consumer Class Action Practice Group at Latham & Watkins LLP

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Co-Chair, Internet & Digital Media Industry Group at Latham & Watkins LLP

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Global Co-Chair, Private Equity Practice at Latham & Watkins LLP

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Michael P. Darden
Global Chair, Oil & Gas Transactions Practice at Latham & Watkins LLP
Education
MBA
Class of 2002

Located on a 285-acre wooded campus, The Jesse H. Jones Graduate School of Business is one of the academic units of Rice University in Houston, Texas and one of the world's leading business schools. Named in honor of Jesse Holman Jones, a prominent Houston business and civic leader, the school received its initial funding in 1974 through a major gift from the Houston Endowment Inc., a philanthropic foundation established by Jones and his wife, Mary Gibbs Jones.

JD
Class of 1986

University of Houston Law Center is a school.

BBA
Class of 1980

The University of Texas at Austin is one of the largest public universities in the United States and is the largest institution of The University of Texas System. Founded in 1883, the university has grown from a single building, eight teachers, two departments and 221 students to a 350-acre main campus with 17 colleges and schools, about 24,000 faculty and staff, and more than 50,000 students.

Memberships
Member
Current

HBA Constitution, Article 1, Section 2: The object of the Association shall be to uphold the Constitution of the United States and the State of Texas by educating both attorneys and citizens of their legal, civic and ethical responsibilities; to promote the administration of justice by educating the public about the qualifications of judicial candidates; by providing alternative, cost effective means for citizens to resolve their disputes, and by providing access to legal services for all; to improve the law; to uphold the honor and dignity of the profession by providing charitable and legal services to all; to promote professional ethics among its members through education; to improve community relations through charitable service and education; and to promote fellowship among its members.

Member
Current

SUPPORTS INTERNATIONAL ENERGY NEGOTIATORS AROUND THE WORLD TO ENHANCE THEIR EFFECTIVENESS AND PROFESSIONALISM IN THE INTERNATIONAL ENERGY COMMUNITY.

Career History
Global Chair, Oil & Gas Transactions Practice
Current

Latham & Watkins LLP is a full-service law firm. The firm offers services in the areas of finance, litigation, tax, banking, life sciences, private equity, real estate, government relations, employment law, and outsourcing. The firm practices in a spectrum of transactional, litigation, corporate, and regulatory areas. Latham & Watkins was established in 1934 and is based in New York, New York.

Vice President, Business Development
Prior

Nuevo Energy Co. was engaged in the acquisition, exploitation, exploration, development and production of crude oil and natural gas. The company's core areas in the US were onshore and offshore California and West Texas. The firm was located in Houston, TX.

Transactions
Details Hidden

Plains Exploration & Production Co. purchases BP Plc /US Gulf of Mexico Assets from BP Plc

Details Hidden

purchases QEP Resources, Inc. from Dominion Energy Questar Corp.

Details Hidden

CCMP Capital Advisors LLC purchases Chaparral Energy, Inc.

Awards & Honors
Admitted to the Texas Bar
Other Affiliations

Michael P. Darden is affiliated with Latham & Watkins LLP, Nuevo Energy Co.

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