Industry

Oil & Gas

Full-Lifecycle Counsel for Complex Oil & Gas Projects

Sheppard’s leading Energy and Infrastructure team helps client develop and close complex oil and gas projects in both regulated and unregulated markets. 

We offer a full suite of services from project inception though financing, FEED, construction, commissioning and commercial operation.   

End-to-End Capabilities from Development to Decommissioning 

Sheppard advises oil and gas companies, infrastructure owners, investors and financial institutions on all transactional, financing, operational and regulatory aspects of conventional and unconventional oil and gas projects.

Our Oil & Gas team is a key component of the firm’s nationally recognized Energy, Infrastructure and Project Finance practice, providing clients with unique breadth and depth of legal, operational and transactional experience. 

A defining feature of our practice is our lifecycle perspective. Because we advise clients on development, financing, construction, M&A and long-term operations, we understand how early decisions affect finance ability, performance and profitability over time. Clients benefit from counsel grounded in market experience and shaped by an understanding of how projects evolve. This end-to-end capability allows us to identify what will work vs. what will not, as well as come up with creative solutions to complex problems. 

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Areas of Focus

Pipelines, Transport and Storage
We advise clients on the development, construction, operation, maintenance, financing and acquisition of pipeline, transportation and storage assets across the oil and gas sector. Our work includes commercial agreements, regulatory compliance, construction and procurement, and transactions involving interstate and intrastate infrastructure. We regularly counsel on matters before FERC, DOE and other agencies, integrating regulatory strategy with transactional and operational advice to help clients maintain reliable and compliant transportation and storage systems. We support interstate pipeline and storage clients on all manner of regulatory needs, including project permitting and ratemaking. 
Midstream and Downstream Operations
We advise energy companies and service providers with respect to the full range of commercial agreements, including gathering and processing agreements, fractionation agreements, sales and supply agreements, storage agreements and terminaling and export agreements for hydrocarbons and their derivatives, including crude oil, natural gas, produced water, natural gas liquids and refined products. Our experience includes commercial contracting, joint ventures, asset acquisitions and divestitures, regulatory compliance and financing support. We help clients structure and negotiate arrangements that reflect their operational realities and market conditions, supporting efficient field operations and long-term infrastructure investment. In an increasingly regulated environment, the interplay of regulatory and commercial issues becomes particularly important in midstream contracting and financing. Our lawyers have decades of experience in the intersection of those disciplines.
Refining
We advise refining companies and investors on transactional, regulatory and operational matters affecting complex refining assets. Our experience includes acquisitions and divestitures, multimodal transport, offtake and supply agreements, regulatory compliance, environmental considerations and infrastructure investment. We support clients in managing day-to-day operational challenges while navigating evolving regulatory requirements, market dynamics and long-term strategic planning for refining facilities. 
Government Regulated Assets and Activities
We advise oil and gas clients on federal and state regulatory matters affecting development, transportation, storage and operations. Our experience includes proceedings before FERC, DOE and other agencies, compliance programs, enforcement matters and regulatory strategy tied to transactions and project development. By integrating regulatory insight with commercial and transactional advice, we help clients navigate complex oversight regimes and align their regulatory positions with their broader business objectives. 
Hydrogen
We advise clients pursuing hydrogen projects across the energy value chain, including production, transportation, storage and commercialization. Our work spans project structuring, regulatory analysis, commercial agreements, financing considerations and tax credit strategy. Drawing on experience in energy infrastructure and project finance, we help clients evaluate hydrogen opportunities and integrate emerging technologies into existing energy and industrial frameworks. 
LNG
We advise developers, operators, investors and commercial counterparties on LNG projects across development, operation and transaction stages. Our experience includes regulatory compliance and approvals, commercial and offtake agreements, infrastructure development, financing arrangements and asset acquisitions. We also help clients navigate the complex legal and regulatory landscape governing LNG facilities, transportation and export activities, producing a business-centered strategy for success in a global energy market.