David Wheat, P.C.

David has been involved in the following representations:

• Sentinel Midstream, a portfolio company of Cresta Fund Management, on its agreements with Freepoint Commodities in furtherance of Sentinel Midstream’s construction, operation and utilization of Texas GulfLink, a Deepwater Crude Oil Export Terminal located near Freeport, Texas
• TPG in its preferred equity investment of up to $140 million to fund capital contributions to Double E Pipeline LLC, a joint venture between Summit Midstream Partners LP and Exxon Mobil Corporation, to construct a FERC-regulated interstate natural gas pipeline in the Delaware Basin
• Magnetar Capital in its up to $250 million preferred equity investment in WaterBridge Holdings, as part of an equity capital raise involving Five Point Energy, an affiliate of GIC and WaterBridge management to fund strategic acquisitions of water infrastructure from Primexx Energy Partners, Tall City Exploration III and Jetta Permian 
• QL Capital Partners, LP in its partnership with Devon Energy Corporation to fund gas gathering and compression assets in the Delaware Basin
• Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc., in its approximately $2 billion acquisition of a 25 percent equity interest in Dominion Energy, Inc.’s Cove Point LNG LP
• Parsley Energy, Inc. in tax and structuring advice for its $2.27 billion all-stock acquisition of Jagged Peak Energy Inc. 
• Riviera Resources, Inc. in its $295 million sale of oil and gas assets and gas processing facilities in the Hugoton Gas Field in Kansas
• Hilcorp Alaska in tax and structuring advice for its $5.6 billion acquisition of BP’s upstream and midstream business in Alaska
• Desert Royalty Company, LLC in its combination with Kimmeridge Energy Management Company, LLC to form Desert Peak Minerals, the largest pure-play mineral and royalty company in the Delaware Basin
• Wing Resources LLC and Wing Resources II LLC, portfolio companies of Natural Gas Partners, in the sale of Midland Basin oil and gas mineral interests to Alliance Resource Partners L.P.
• Amplify Energy Corp. in tax and structuring advice for an all-stock merger-of-equals with Midstates Petroleum Company, Inc.
• Jones Energy Inc. and its affiliates in their prepackaged Chapter 11 cases in the U.S. Bankruptcy Court of the Southern District of Texas. Jones Energy is an Austin, Texas based independent oil and gas company engaged in the exploration, development, production, and acquisition of oil and gas properties in the Anadarko Basin in Oklahoma and Texas that fully equitized over $1 billion in funded debt and preferred equity obligations. Jones obtained confirmation of its uncontested plan just three weeks after filing
• BlackRock, GSO Capital Partners and Magnetar Capital as lead purchasers in the $1.2 billion convertible preferred equity investment in EQM Midstream Partners, LP, a growth-oriented master limited partnership operating in the Appalachian Basin
• Newfield Exploration Co. in tax and structuring advice for its approximately $5.5 billion acquisition by Encana Corp. in an all-stock transaction
• Rowan Companies plc in tax and structuring advice for its $12 billion combination with Ensco plc in an all-stock transaction

Prior to joining Kirkland, David was involved in the following representations:

• Structuring advice and tax opinion regarding tax-free spin-off of midstream oil and gas company

• Special tax counsel in tax-free split-off by publicly traded upstream E&P company

• Structuring advice and tax opinion regarding tax-free spin-off of publicly traded manufacturing company

• Special tax counsel to upstream private equity fund regarding formation and IPO of upstream MLP

• Structure tax-free spin-off to divide a closely held business

• Tax and structuring advice regarding $1 billion sale of midstream business

• Tax and structuring advice regarding $950 million sale of midstream business

• Obtained IRS private letter ruling for large corporations in connection with elimination of $23 billion excess loss account

• Special tax counsel regarding $1 billion shale joint venture with major oil company

• Tax advice in $1.4 billion shale joint venture

• Tax advice and negotiating $2 billion sale of assets

• Served as special tax counsel in a $1.5 billion stock purchase

• Served as special tax counsel in the reincorporation of a multinational company to the Cayman Islands

• Served as special corporate tax counsel in a multi-billion dollar merger of public energy companies

• Served as special tax counsel for a $1 billion stock acquisition with a Section 338(h)(10) election

• Represent issuers in securitization transactions, including the issuance of tax opinions

• Representation of purchaser in property acquisition with intensive tax planning

• Representation of issuer of public notes

• Representation of several companies in internal restructurings to significantly minimize state tax liabilities

• Structuring and issuing tax opinion for SEC purposes in tax-free combination of two public energy companies

• Representation of purchaser in acquisition of bankrupt company, including structuring and corporate tax planning

Principal, Washington National Tax practice, KPMG LLP, 2016–2018

Partner, Thompson & Knight LLP, 1989–2016