Biography
Elizabeth Cromwell has been in and around the energy industry her entire life. Growing up in Oklahoma City with a family in the oil & gas business, Liz was destined for a career in energy. Early in her career, Liz focused on the mineral title aspects of the energy industry, and that foundational knowledge is an asset to deal teams and the clients she represents.
Today, Liz thrives while working on complex, high-stakes transactions, and across her career has been a part of more than $1 Billion in deals for exploration & production, midstream, and oilfield service companies. Liz represents a variety of energy clients, including privately owned, publicly traded, and private equity-backed companies, in mergers, acquisitions, and divestitures. Liz is known by her clients as someone who can quickly and efficiently help them analyze and mitigate risk, navigate complex negotiations, and ultimately get the deal closed. Liz is that rare lawyer able to manage the minute details of a complex transaction without losing sight of the big picture.
Drawing from her own family experience, Liz enjoys working on transactions for clients who have an entrepreneurial spirit, and she respects that a transaction is often the most monumental event in a client’s life. In those situations, Liz smiles as she guides them through the purchase or sale process, helps them understand the implications and risks of the transaction, and after closing often helps them begin their next business venture and guides them to another successful exit event.
Representative Experience
- Represented a family office in its sale of a partnership holding minerals and non-operated working interests in 23 states
- Represented an upstream services company in its sale to a foreign-based portfolio company of a Texas-based private equity firm
- Documented and helped negotiate the purchase from U.S. Bankruptcy Court of working interests in producing properties in the Eagle Ford Shale
- Represented a privately-held midstream company in a multi-faceted and complex transaction in connection with the purchase of a crude oil storage and terminalling facility located in the Caribbean
- Represented a private equity-backed exploration and production company in its acquisition of producing properties in the Eagle Ford Shale
- Represented a privately-held midstream company in its corporate reorganization and related refinancing of debt
- Documented and helped negotiate the purchase of producing properties in the Elk Hills Oil Field in California
- Represented a perforating gun manufacturing company in its sale to a Texas-based private equity firm
- Drafted revenue sharing agreement in connection with the proposed acquisition and joint development of producing properties in the Permian Basin
- Represented an Oklahoma City-based upstream services company in its sale to a private equity buyer
- Documented and helped negotiate the simultaneous acquisition and sale of producing and non-producing properties in the Utica Shale in Ohio
- Represented a privately-held exploration and production company in its purchase of oil and gas leasehold interests in the Eagle Ford Shale
- Documented the disposition of mineral interests in New Mexico and Montana
- Documented and helped negotiate the purchase of approximately 1,900 net mineral acres and non-operated working interests in 35 producing wells in the Bakken Shale
- Represented a privately-held midstream company in its acquisition of a Midland-based crude oil transport company
- Represented a publicly-traded oil and gas exploration and production company in its merger with a private oil and gas exploration and production company
- Represented a publicly-traded oil field services company in its acquisition of a manufacturer of offshore products and subsea components
- Represented national fuel supply company in its acquisition of fuel supply contracts for 60 gas stations and related real estate in the greater New Orleans area
- Represented a publicly-traded oil field services company in a $150 million private placement of debt and its subsequent exchange for public debt
- Advised publicly-traded exploration and production company regarding a registered direct offering in connection with the acquisition of producing oil and gas properties
- Represented a publicly-traded oil field services company in the negotiation of loan and security documents and preparation of a legal opinion in connection with its $125,000,000 revolving credit facility
- Represented the operator of a saltwater disposal facility in a Regulation D private offering in connection with the acquisition of a saltwater disposal lease and permit
Education
- J.D. Southern Methodist University Dedman School of Law
- B.S. University of Southern California
Memberships
- Dallas Bar Association Energy Law Section
- Dallas Association of Young Lawyers
- Dallas Women Lawyers Association
- North Texas Women’s Energy Network
- Young Professionals in Energy
Achievements
- The Best Lawyers in America® “Ones to Watch,” 2022
- The Best Lawyers in America® “Ones to Watch,” 2021
- The Best Lawyers in Dallas, D Magazine, 2021-2022
- Texas Super Lawyers Rising Stars, 2020 and 2021
- Best Lawyers Under 40, D Magazine, 2020
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