Drew Baldinger

Mr. Baldinger often advises on drafting and negotiating purchase and sale agreements (stock and asset deals), power and REC purchase agreements, joint venture and operating agreements, shareholder/LLC, contribution and participation agreements, fully wrapped and unwrapped EPC/BOP contracts, turbine/equipment supply agreements, operation and maintenance agreements, interconnection agreements, and security and subordination arrangements. At his previous firm, Mr. Baldinger served as U.S. co-chair of the energy practice, as well as vice-chair of its mergers and acquisitions practice.

Matters on which he advised prior to joining Skadden include:

• Solis LLC and Parasol Renewable Energy LLC on the sale to Enlight Renewable Energy LTD of Clēnera at an enterprise value of $433 million. Clēnera is developing a portfolio of 12 GWdc solar generation facilities and 5.5 GWh of energy storage in 20 states;
• Spur Energy Partners LLC on its $925 million acquisition of oil and gas properties in New Mexico from Concho Resources;
• Kayne Anderson Energy Funds on its $2.4 billion (cash and stock) sale of Silver Hill Energy Partners, LLC and Silver Hill E&P II, LLC to oil producer RSP Permian Inc.;
• Terra Energy Partners LLC on its $910 million acquisition of WPX Energy Rocky Mountain, LLC from WPX Energy, Inc.;
• Kayne Anderson Energy Funds and Silver Hill Energy Partners Holdings, LLC on the sale of Silver Hill’s midstream assets — including Outrigger Delaware Operating, LLC, a joint venture to build scalable gas gathering, gas processing and crude gathering infrastructure in the Delaware Basin — to Targa Resources Corp. in an aggregate transaction for up to $1.49 billion;
• a portfolio company of a private equity fund on the negotiation of a life-of-lease gathering agreement for over $3 billion;
• the developer in an approximately $1.6 billion fully wrapped engineering, procurement and construction agreement to acquire a gas-to-liquids facility in Louisiana, along with the associated technology licensing and operation and maintenance arrangements;
• the developer in an approximately $6 billion offtake agreement for a gas-to-liquids facility in Louisiana (with floor, netback and natural gas pass-through pricing);
• a private equity fund in a joint venture to fund up to $800 million for upstream oil and gas assets;
• a large independent energy company in the acquisition of, and the joint venture for the ownership and operation of, pipelines with a value of over $300 million along the Gulf Coast;
• a large independent energy company in the acquisitions of upstream assets in Texas for over $250 million;
• a portfolio company of two private funds in the sale of solar and battery storage projects for aggregate consideration of over $300 million;
• a portfolio company in the acquisition of oil and gas properties in North Dakota and Montana for $225 million;
• a portfolio company in the acquisition of oil and gas properties in North Dakota and Montana for over $900 million; and
• a fund in the acquisition of a partial interest in multiple interstate oil pipelines for over $1.25 billion.