Professionals

Randy King is a partner in the energy section of Porter Hedges. His practice focuses on a wide range of energy-related projects located onshore, offshore, upstream, midstream and internationally, including:

• acquisitions, divestitures, construction and financing of pipelines, gathering systems and storage facilities for natural gas, crude oil, condensate, natural gas liquids and LNG
• acquisitions and divestitures of producing and non-producing oil and gas properties
• oil and gas joint ventures and exploration and development programs
• exploration and development project agreements including joint operating agreements, COPAS accounting procedures, exploration and development agreements and joint operating agreements
• natural gas purchase, sales and marketing agreements and NAESB agreements
• natural gas processing and treating agreements, oil and gas transportation agreements, natural gas storage agreements, natural gas supply agreements
• operating and maintenance agreements for mid-stream facilities
• production handling agreements
• master service agreements and IADC drilling contracts
• hedging, derivative, swap and ISDA agreements
• credit support annexes, cash collateral agreements and letters of credit
• master setoff and netting agreements
• reserve-based and mezzanine oil and gas producer and mid-stream financings
• seismic data licenses and acquisition agreements

Mr. King is listed in Chambers USA among the leading lawyers in the area of Oil & Gas Transactions. He is also listed in the Best Lawyers in America in Oil & Gas Law.

Prior to becoming a lawyer, Mr. King spent 13 years practicing as an independent petroleum landman. His experience included negotiating oil and gas leases, title examination, structuring oil and gas property acquisitions and exploration transactions. Mr. King has been a Certified Professional Landman since 1984.

• Representation of large US exploration company in approximate $3.2 billion Marcellus shale joint venture, $490 million acquisition of Niobrara trend acreage and $500 million sale of non-core mid-continent oil and gas properties.
• Represented Talisman Energy Inc. in the creation of a joint venture agreement with Statoil USA for $1.3 billion.
• Representation of major natural gas storage company in connection with numerous acquisitions, construction and operation of natural gas storage projects in depleted reservoirs, salt domes and other storage matrices including the purchase of the Katy Gas Storage Facility (Texas), the Freebird Gas Storage Facility (Alabama), and the Caledonia Gas Storage Facility (Mississippi).
• Represented US exploration company in approximate $300 million acquisition of Permian Basin resource trend acreage from private US seller.
• Representation of Petrohawk in $1.7 billion combined sale of and participation in multiple natural gas and condensate midstream businesses with Kinder Morgan in the Haynesville and Eagle Ford shale plays.
• Representation of major Eagle Ford shale exploration company in negotiating gathering, processing, transportation, treating and fracturation agreements for its Eagle Ford shale joint venture acreage originally acquired for $1.325 billion.
• Representation of numerous oil and gas exploration companies in establishing and funding joint ventures and partnerships for oil and gas exploration and development projects, both domestic and international.
• Representation of numerous oil and gas producing companies in acquisitions and divestitures of onshore and offshore producing oil and gas properties.
• Representation of natural gas pipeline in negotiation of contracts for physical delivery under NAESB and custom contracts and derivative contracts made under ISDA, including related credit support documents.
• Representation of exploration and production companies and oilfield service companies in drafting and negotiating master service contracts.
• Representation of commercial banks in producer financings in excess of $500 million secured by onshore and offshore producing oil and gas properties.

• Martindale Hubbell AV Rated Attorney
• Houston Bar Association, Member of the Oil, Gas and Mineral Law Section
• State Bar of Texas, Member
• American Bar Association, Member
• Houston Association of Petroleum Landmen, Member
• American Association of Petroleum Landmen, Member
• Certified Professional Landman
• Kiwanis Club of Houston