Jon Lobb

Jon Lobb focuses on U.S. federal income tax matters. His practice includes domestic and cross-border transactions, mergers and acquisitions, liquefied natural gas (LNG), oil and gas, and other domestic and international energy projects, and securities offerings. He is a member of the Baker Botts Oil & Gas M&A Team.

Mergers and Acquisitions

• bp North America – pending acquisition of EDF Energy Services, LLC
• Höegh LNG Partners LP – $167.6 million acquisition of publicly held common units by Höegh LNG Holdings Ltd.
• ConocoPhillips – $9.5 billion acquisition of Shell Enterprises LLC’s Delaware basin assets
• Liberty Latin America – formation of 50/50 joint venture with América Móvil S.A.B. de C.V. to combine their respective Chilean operations, VTR and Claro Chile
• Liberty Latin America – $200 million acquisition by Cable & Wireless Panamá S.A. of América Móvil S.A.B. de C.V.’s operations in Panama
• Jaguar Fund No. 1, L.P. – $144 million acquisition of Telefónica S.A.’s operations in El Salvador
• Cabot Oil & Gas Corporation – $17 billion merger with Cimarex Energy Co.
• Westlake Chemical Corporation – $2.15 billion acquisition of Boral Limited’s North American building products business
• Golar LNG Limited – $3.1 billion sale of Hygo Energy Transition Ltd. to New Fortress Energy Inc.
• Golar LNG Limited – $251 million sale of common units and general partner units in Golar LNG Partners LP to New Fortress Energy Inc.
• Liberty Latin America – $500 million acquisition of Telefónica S.A's operations in Costa Rica
• Pan Capital Management LP – formation of $125 million private equity fund
• Westlake Chemical Corporation – $252.5 million acquisition of LASCO Fittings, Inc. from a subsidiary of Aalberts, N.V.
• Chesapeake Energy Corporation – $3.977 billion acquisition of WildHorse Resource Development Corporation
• BHP Billiton – $10.5 billion sale of Petrohawk Energy Corporation to BP America Production Company
• BHP Billiton – sale of Fayetteville oil and gas assets to a subsidiary of Merit Energy Company
• McDermott International, Inc. – $6 billion combination with Chicago Bridge & Iron Company N.V.
• Liberty Expedia Holdings, Inc. – acquisition by Expedia Group, Inc.
• QVC – $2.1 billion acquisition of HSN
• Schlumberger Limited – $14.8 billion acquisition of Cameron International Corporation
• Liberty Media Corporation – $8 billion acquisition of Formula One
• Starz – $4.4 billion acquisition by Lions Gate Entertainment Corporation
• Liberty Latin America – acquisition of 40% interest in Liberty Cablevision Puerto Rico from affiliates of Searchlight Capital Partners
• EQT Corporation – $575 million sale of upstream and midstream assets to Diversified Gas & Oil Corporation
• Transocean – $250 million acquisition of Transocean Partners LLC
• Chesapeake Energy Corporation – $840 million sale of upstream oil and gas assets to a private equity company
• Schlumberger Limited – formation of OneSubsea joint venture with Cameron International Corporation
• Schlumberger Limited – $11 billion acquisition of Smith International, Inc.

LNG Projects

• Cheniere Energy, Inc. – development of Sabine Pass and Corpus Christi LNG liquefaction and export facilities, including negotiation of LNG sale and purchase agreements (SPAs)
• Cheniere Energy, Inc. – master sale and purchase agreements (MSAs) for spot trades of LNG
• Jordan Cove Energy Project LLP – development of LNG liquefaction and receiving facility
• Petrobras – MSAs for spot trades of LNG
• Major energy company – investment in LNG import terminal in South America

Master Limited Partnerships

• Transocean Partners LLC – initial public offering
• Golar LNG Partners – multiple equity offerings
• Höegh LNG Partners – multiple equity offerings
• KNOT Offshore Partners – elimination of incentive distribution rights, establishment of at-the-market program
• MLP Underwriters – multiple public offerings by Teekay LNG Partners