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About the Role
The Senior Counsel provides transactional and compliance support across Formentera’s private equity affiliate, Accounting, Regulatory, Land, Marketing, Operations, and Legal Departments. This role offers an opportunity to collaborate across multiple departments within a growing organization, reporting directly to the General Counsel. Formentera encourages innovation and the implementation of new processes, technologies, and procedures that support and add value to the company.
Responsibilities
- Draft, review, and negotiate oil and gas agreements, including leases, farmouts, joint exploration agreements, and participation agreements.
- Draft, review, and negotiate surface use agreements, easements, water agreements, rights-of-way, and other landowner agreements.
- Draft, review, and negotiate purchase and sale agreements (PSAs), Exchange Agreements, and related transaction documents.
- Draft, review, and negotiate joint operating agreements (JOAs) and related upstream contracts.
- Support the management of all acquisitions, exchanges, and divestitures, including due diligence, title review coordination, and closing processes.
- Advise on mineral, water, and surface transactions, including negotiations with landowners and counterparties.
- Provide legal support for midstream agreements, including gathering, transportation, processing, and related commercial arrangements.
- Review and negotiate credit agreements, reserve-based lending facilities, and other financing documents in coordination with finance, internal parties, and external counsel.
- Work cross-functionally with Land, Finance, Accounting, HSE, Regulatory, and Operations teams to ensure alignment on deal execution and risk management.
- Manage and coordinate with outside counsel on specialized matters, including regulatory and complex transactions.
- Provide practical, business-oriented legal advice to support operational and strategic objectives.
- Assist with the development and implementation of internal legal processes, templates, and best practices.
- Support corporate governance and general corporate legal matters as needed.
- Perform special projects and additional duties as assigned.
Requirements
- Juris Doctor (J.D.) from an accredited law school.
- Licensed and in good standing to practice law in Texas (or ability to obtain).
- 5-10+ years of relevant legal experience, preferably with a law firm or in-house role focused on oil and gas.
- Demonstrated experience in upstream and/or midstream transactions, surface and landowner agreements, mineral transactions and oil & gas leasing, credit agreements, lending transactions, or finance-related documentation.
- Strong experience drafting and negotiating complex commercial agreements.
- Experience supporting private equity-backed energy companies.
- Familiarity with multi-basin and international upstream oil and gas asset portfolios.
- Experience working directly with land, marketing, and operations teams.
- Knowledge of regulatory and health and safety frameworks affecting upstream and midstream operations.
Skills
- Transactional drafting and negotiation skills
- Deep understanding of upstream and/or midstream oil and gas operations
- Ability to balance legal risk with commercial objectives
- Excellent organizational and project management skills
- Strong written and verbal communication
- Ability to work independently, collaboratively, and proactively in a fast-paced environment
- Flexibility to work beyond core hours when projects demand
- High level of integrity, dependability, trustworthiness, professionalism, and sound judgment
Location
- Austin, TX
Work Type
- Full-time
Experience Level
- Senior
Education Level
- Juris Doctor (J.D.)
Salary/Compensations
- Competitive Base Salary
Benefits
- Annual Bonus Eligibility
- 100% Employer covered health insurance premiums
- 401K with 4% employer match
About the Company
- Formentera Operations LLC is the operator for Formentera Partners, an energy-focused private equity strategy founded in 2020 by Bryan Sheffield, Blake London, and Paul Treadwell, based in Austin, Texas. Formentera responsibly acquires and optimizes producing oil and gas assets in onshore United States basins.
- Formentera cultivates its culture intentionally, seeking individuals who are exceptional in their skills, support each other's growth, and embrace the value of diverse teams, ideas, and opinions. Operating with integrity and treating each other well are foundational pillars at Formentera.
Equal Opportunity
- Formentera provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, protected veteran status, disability or any other characteristics protected by federal, state, or local law where we employ. Formentera will not tolerate discrimination or harassment based on any of these characteristics.