Jason Bennett is a partner and the Head of the Global Projects Group at Baker Botts, who concentrates on the development and financing of oil, gas, LNG, hydrogen, ethane, water and liquids projects, and transactions in the energy industry. Mr. Bennett assists clients with development and structuring of upstream and midstream investments and joint ventures, as well as acquisitions and sales of interests in oil and gas and midstream assets and LNG, pipeline and other energy projects. Mr. Bennett's extensive current experience with LNG projects includes assisting clients with the structuring, development, construction and launch of greenfield liquefaction projects and related upstream developments, regasification facility projects, LNG shipping matters and the development of LNG trading platforms and investments.
Related Experience
Oil and Gas Transactions
- E&P Company – assist with the purchase of Permian basin assets
- Private equity fund – assist with the negotiation of a Joint Development Agreement/DrillCo funding structure
- E&P Company – assist with the refinancing of upstream assets in the Permian basin
- E&P Investor – advice regarding Participation Agreements for multiple drilling fund investments, including multi-program structures
- E&P Company – assist E&P company in the sale of assets in three U.S. onshore basins
- E&P Company – advice regarding the potential acquisition of an offshore interest in blocks in the Gulf of Mexico
- E&P Company – assist with the sale of Permian basin assets
- E&P Companies – advice regarding production sharing and bidding terms for the initial shallow-water bid round in Mexico
- Russian Oil and Gas Company – advice regarding upstream and midstream projects in the Sakalin Region
- Hunt Oil Company – advising in respect of upstream oil and gas contracting, processing and transportation in Peru
- E&P Company – advice regarding long-term gas sales in the U.S.
- E&P Company – advice regarding the restructuring of upstream production interests for a NOC
Joint Ventures
- E&P Company – advice regarding joint venture and related arrangements in the Gulf of Mexico
- E&P Company – advice regarding bidding and joint venture and related arrangements for two separate offshore project in Africa
- E&P Company – advice regarding multiple related joint ventures for offshore platform and processing facilities and an onshore LNG liquefaction project
- Midstream Company – advice regarding a joint venture for the acquisition of midstream gathering pipeline systems
- E&P Company – advice regarding joint development arrangements for a project in Mexico
- E&P Company – advice regarding joint venture arrangements for production of gas and liquids and export of LNG
- Midstream Company – advice regarding joint venture arrangements for a LNG project in the U.S.
LNG Projects and Transactions
Assisted clients with over 30 LNG projects, including advising regarding more than 50 LNG SPAs and LNG 10 tolling agreements for liquefaction and regasification facilities including those as described below:
- Sempra LNG – project development counsel to Sempra LNG in respect of the Port Arthur LNG Liquefaction project and project counsel to Sempra LNG marketing in respect of LNG Sales and gas supplies for its North American LNG Liquefaction projects currently under construction and development
- Cheniere Energy Inc. – development of first LNG liquefaction and export facility from the lower 48 states of the U.S.
- Jordan Cove Energy Project – development of an LNG liquefaction project and negotiation of a liquefaction tolling agreement and related agreements
- Peru LNG – development and launch of an LNG liquefaction project in Peru and sale of the resulting LNG
- International Oil and Gas Company – advice regarding entry into the U.S. LNG market as an off-taker and investor
- Western Canada – advising the project sponsor of a proposed Greenfield LNG liquefaction project in British Columbia, Canada
- Novatek – structuring and development of all aspects of the Yamal LNG project (Russia), including shareholder arrangements, LNG marketing, and LNG shipping
- BP – long-term sale of LNG from Tangguh, Indonesia, to Sempra LNG; development of the Tangguh project, including assistance with time charter party agreements and other shipping arrangements for Tangguh
Energy Transitions
- Marea Energy Partners in the negotiation and drafting of a hydrogen supply contract for its very low sulfur fuel oil production facility
- A portfolio company of an investment fund in respect of the commercialization of fuel cell technology and a joint venture for the production of hydrogen
- A developer in respect of a combined EOR, power and carbon capture and sequestration project, including investment structures for those projects
Project Finance Transactions
- LNG Liquefaction Project – advice regarding project restructuring and resulting project finance amendment issues
- Advice to several greenfield LNG liquefaction projects regarding lender requirements for project structures and agreements
- Advice to several greenfield LNG regasification projects regarding lender requirements for project structures and agreements
- Subsidiary of a global independent power producer – $500 million private placement of long-term project debt with institutional investors and $25 million debt service reserve letter of credit facility for the nonrecourse refinancing of a power project
Awards & Community
Recognized as a "Leading Lawyer" by The Legal 500 U.S., 2019 & 2020
Listed in The Legal 500 EMEA as a "Leading Individual" for Energy & Natural Resources, 2014, 2015, 2016
Listed in Chambers USA for Projects: LNG, 2017, 2018, 2019 & 2020
Listed in Chambers Europe: Energy & Natural Resources in Russia, 2012-2014
Listed as a "Foreign Expert" in Chambers Global for Energy & Natural Resources, 2012-2018
Recognized as a "Global Elite Thought Leader" by Who's Who Legal - Energy, 2019
Listed in Who's Who Legal: Energy, Law Business Research Ltd, 2018
Listed in Who's Who Legal, Energy and Project Finance, Law Business Research Ltd, 2014
Listed in Who's Who Legal: Oil and Gas, Law Business Research Ltd, 2010 & 2013
Recognized as a Texas Super Lawyer-Rising Star (Thomson Reuters), 2010
Recognized by Chambers USA as "Up & Coming," 2010
News
Leading Energy Projects Partner Joins Baker Botts in Houston
Baker Botts Named "Energy Practice Group of the Year" by Law360 for Second Consecutive Time
Energy Group Of The Year: Baker Botts
Law360Law360
Baker Botts launches carbon technology arm of energy law firm with eye to international clients
San Francisco ChronicleSan Francisco Chronicle
Baker Botts launches carbon technology arm of energy law firm with eye to international clients
Houston Chronicle OnlineHouston Chronicle Online
Baker Botts adds CCUS to its Global Hydrogen Practice Group
MRC PlastMRC Plast
Baker Botts adds CCUS to its Global Hydrogen Practice Group
Gas Processing NewsGas Processing News
Baker Botts adds CCUS to its Global Hydrogen Practice Group
Hydrocarbon Processing OnlineHydrocarbon Processing Online
With an increasing shift towards electrification and a lower carbon global economy, Baker Botts adds Carbon Capture, Utilization and Storage to its Hydrogen Practice
The decision to formalize the firm's offering follows the establishment of the firm’s Global Hydrogen Practice Group back in JuneBaker Botts Launches Carbon Capture, Utilization and Storage Practice Group
POWER OnlinePOWER Online
Baker Botts Earns High Marks Across Energy Spectrum in Legal 500 US 2020
Chambers Awards 16 Band-1 Rankings to Baker Botts Global Projects Department
Baker Botts’ Band-1 Lawyer Rankings Increase by 38% in Chambers USA 2020
Baker Botts Adds Oil & Gas Partner From Thompson & Knight
Law360Law360
Baker Botts Adds Renowned Oil and Gas Transactional Lawyer in Austin
Energy Group Of The Year: Baker Botts
Law360Law360
Baker Botts Named an Energy “Practice Group of the Year” by Law360
Gastech 2019 Returns to Houston, With Baker Botts Discussing Latest Global Natural Gas and LNG Trends
Baker Botts Ranks as “Top-Tier Firm” in Oil and Gas Transactions and Litigation for Ninth Straight Year in The Legal 500 United States
87 Baker Botts Lawyers Ranked by Chambers
Baker Botts Energy Partners to Discuss LNG Developments at the CWC 19th Annual World LNG Summit
Baker Botts Represents BHP Billiton in Sale of Onshore US Assets
Baker Botts Bolsters Renewables, Energy and Environmental Practices in San Francisco & New York
Baker Botts Receives 2018 Chambers USA Award for Excellence for Client Service - Energy/Projects: Oil & Gas
Baker Botts’ Lawyers comment on Private Equity Trends in the Oil and Gas Sector
Noted Projects Lawyer Martin Menski Joins Baker Botts in Washington
Baker Botts’ first summit draws impressive crowd
Energy GlobalEnergy Global
Inaugural Baker Botts, Baker Institute Global Energy Summit Draws Significant Turnout with Industry Insiders
UPDATE- Future of the Energy Industry in Focus at Baker Botts, Rice University’s Baker Institute Forum
Baker Botts Energy Partners Host Second Oil and Gas Lawyer School in London
Firm Rankings Upheld in 2017 Edition of Legal 500 Latin America
The US to become the world’s biggest LNG supplier by 2035
LNG IndustryLNG Industry
By 2035 the U.S. will become the world’s biggest LNG supplier - Baker Botts Explores the Dynamic World of LNG Business at CWC World LNG & Gas Series Americas Summit
Baker Botts to discuss latest international gas and LNG trends at Gastech
LNG IndustryLNG Industry
Baker Botts debates the latest International gas and LNG trends at Gastech 2017 Japan
Noted Regulatory Partner Joins Baker Botts
Midstream Connect: Trump’s Job Is To Create Energy Jobs
Midstream BusinessMidstream Business
Baker Botts energy lawyers review 2016
Energy GlobalEnergy Global
Baker Botts’ Energy Lawyers Review 2016 and Comment on Outlook for 2017
Baker Botts Secures Top Energy Rankings and Gains Prestigious Awards in 2016
Baker Botts on contracting, pricing and trading : What LNG buyers want
GastechGastech
Baker Botts on contracting, pricing and trading: What LNG buyers want
Gastech NewsGastech News
Uncertainty swirls in business world: What will impact of Trump administration be?
The Kansas City Star (Premium)The Kansas City Star (Premium)
Trump’s Open Door to Oil Drilling Pales Before Permian Bounty
Bloomberg BNABloomberg BNA
Biggest Energy Users Welcome Trump Win as Boon to Buyers’ Market
Bloomberg BNABloomberg BNA
Federal Lands Opening to Oil Drillers Still Can’t Beat Permian
Bloomberg BNABloomberg BNA
Donald Trump Is President-Elect: Now What?
Midstream BusinessMidstream Business
Trump Expected to Take Aim at Finance Regs, Energy Rules, Taxes
Corporate CounselCorporate Counsel
BigLaw Reacts To Trump's Election To The White House
Law360Law360
Obamacare, numerous regulations face Trump reversals
The Kansas City StarThe Kansas City Star
Oil Industry Expects New Energy Policies From Trump Administration
Houston Public MediaHouston Public Media
Trump ‘Clearly’ Favors E&P, Less Regulatory Oversight, Say Experts
Natural Gas IntelligenceNatural Gas Intelligence
Priorities for a new Trump Administration
Legal 500 Latin America 2016: Baker Botts Upholds Rankings
Jason Bennett, Co-Chair of Global Projects Department and Partner, Baker Botts
LNG HubLNG Hub
The 17 Firms GCs Love For Energy Work
Law360Law360
France’s proposed ban on import U.S. shale
Gastech NewsGastech News
Cautious Fed Policy, Earnings Reports Help Fuel Market's Rise
Voice of AmericaVoice of America
Dow Trades at Over 18,000, First Since July 2015
Voice of AmericaVoice of America
Legal 500 EMEA: Baker Botts’ International Offices Recognized in 2016 Rankings
Exclusive: Houston-based law firm beefs up headcount in anticipation of M&A uptick
Houston Business JournalHouston Business Journal
Negotiating gas and LNG contracts – Useful tips from Baker Botts
Gastech NewsGastech News
3 experts’ views on the future of the LNG industry in Asia
Gastech NewsGastech News
Why fast track and the TPP and TTIP could open up US LNG exports
Gastech NewsGastech News
National Oil Cos. Shaking Up Global Deal-Making Scene
www.law360.comwww.law360.com
Falling crude price could make oil -linked LNG contracts more attractive
The Hindu Business LineThe Hindu Business Line
LNG Export Tolling Facilities - New Frontiers, New Solutions
LNG Hub Leaders ForumLNG Hub Leaders Forum
Three Baker Botts Partners Recognized in HBJ’s “Who’s Who in Energy” 2014
News Release
Legal, Cultural Challenges Face LNG Industry
News Release
Baker Botts Announces Global Projects, Washington Office Management Changes
News Release
Deal of the Decade: BTC Pipeline
Thought Leadership
Considerations for a Biden Administration
Client UpdatesLNG Trading in the World of Long-Term Contracts
Speeches & PresentationsGastech Virtual Summit
EU Commission on Hydrogen Strategy
Client UpdatesEnergy Update
Renewable Hydrogen Study Suggests Significant Potential in California
Client UpdatesEnergy Update
CARES Act: Opportunity to Monetize NOLs From Business Acquisitions Completed in 2018, 2019, or 2020
Client UpdatesCorporate Update
The 27th World Gas Conference
Speeches & PresentationsBaker Botts Partners Jason Bennett and Tom Holmberg Invite You to the World Gas Conference
VideoAppellate Reversal in Enterprise Products Partners LP v. Energy Transfer Partners LP: What Does It Mean for Energy Companies in Texas
WebinarPartners No More: Dallas Court of Appeals Wipes out Half-Billion Dollar Pipeline Judgment
Client UpdatesEnergy Litigation Update
In Defence of Take or Pay
Speeches & PresentationsGastech Conference
Midstream Connect: Trump's Job Is To Create Energy Jobs
VideoMidstream Business
Trump Administration Analysis and Priorities
External ArticlePost Election Video Commentary
VideoThe Future of LNG
VideoBaker Botts Partner Jason Bennett discusses opportunities in the LNG market
Events
Recent
Webinar: Understanding the Drop in Oil Price and its Impacts
Baker Botts will be hosting a webinar on the legal issues surrounding the recent sharp price fall in crude oil and will be joined by Mark Finley from Rice University's Baker Institute.
Mexico's Round One - What's Next?
Webinar discussion with Baker Botts lawyers on the next phases of Mexico's Oil & Gas tender.
28th Gastech Conference and Exhibition
Baker Botts lawyers to speak during the "Contracting, Pricing & Trading" break out session.
CWC World LNG Summit and Awards Gala Dinner
Now in its 17th year, the CWC World LNG Summit and Awards Gala Dinner gathers senior, commercially-minded LNG executives in the world.
Global Energy Transitions Summit
Baker Botts and the Center for Energy Studies at Rice University’s Baker Institute are co-hosting the first Global Energy Transitions Summit on Thursday, September 28.
The 27th World Gas Conference
Gastech Barcelona 2018
The CWC 19th Annual World LNG Summit
Baker Botts is pleased to sponsor The CWC 19th Annual World LNG Summit on November 27-30 in Lisbon, Portugal.
Offshore Technology Conference (OTC) 2019
Baker Botts is proud to be a part of the 2019 Offshore Technology Conference (OTC) in Houston, May 6-9.
Gastech 2019
Baker Botts is proud to be a sponsor and the exclusive Legal Partner for the VIP Programme for Gastech 2019 being held in Houston, Texas on September 16-19.
Gastech Virtual Summit 2020
Baker Botts is proud to be part of the Gastech Virtual Summit on September 7-11.
North American Gas Forum
Baker Botts is proud to be a sponsor of the upcoming North American Gas Forum Virtual Event on October 20-22.