Jesse S. Lotay
Jesse S. Lotay is a skilled lawyer in the areas of energy, commodities and derivatives, and corporate transactions. He has focused experience representing clients on business and transactional matters and works with clients as a strategic partner to provide proactive legal solutions to accomplish business objectives, address specific challenges, meet critical deadlines, and maximize financial results.
In the areas of energy and commodities and derivatives, Jesse works with clients on transactions ranging from “dinosaurs to Wall Street.” He advises clients in the upstream, midstream, and downstream sectors, including oil and gas matters, and the acquisition, sale, and financing of crude oil and natural gas storage, pipeline, refinery, terminal, transportation, and other energy-related assets.
His practice includes advising clients on energy-based commodities, derivatives and other structured products, marketing, trading activities, assessing and minimizing risk across transactions, reporting, clearing, and regulatory obligations under the Dodd-Frank Act, and financial and physical transactions under industry-standard agreements and party-specific general terms and conditions (GTCs).
B.S., Trinity University
LL.M., University of Houston Law Center
J.D., University of Tulsa College of Law
Missouri, 2006
Kansas, 2007
Texas, 2009
- Commodity Purchase and Sale Agreements
- Prepaid Natural Gas Purchase and Sale Agreements
- Intercreditor Agreements
- EEI Master Power Purchase & Sale Agreements
- Engineering, procurement, and construction (EPC) contracts
- Gas gathering and processing agreements
- Interconnection agreements
- ISDA Master Agreements
- NAESB Base Contract for the Sale and Purchase of Natural Gas
- Pipeline, right of way and other easement agreements
Publications
- Hedging Oil and Gas Production: Issues and Considerations, Thomson Reuters Practical Law Finance (March 2016)
- Commodity Repo Agreements for Crude Oil Inventory (E-Alert; May 7, 2014)
- Drafting Tips: Securities Lending Authorization Agreements (E-Alert; May 6, 2014)
- Recent Case on Safe Harbor Provisions in Swap Agreements: Michigan State Housing Development Authority v. Lehman Brothers Derivative Products Inc., et al. (E-Alert; January 10, 2014)
- Quench My Thirst: Water Rights in the Context of Water Treatment Technologies, Section Report of the Oil, Gas & Energy Resources Law Section of the State Bar of Texas (Vol. 37, No. 2) (Winter 2013)
- Water Recycling and Fracking: Finding Solutions, Texas Lawyer (Vol. 29, No. 16) (July 15, 2013)
- Subprime Carbon: Fashioning An Appropriate Regulatory And Legislative Response To The Emerging U.S. Carbon Market To Avoid A Repeat Of History In Carbon Structured Finance And Derivative Instruments, 32 Houston J. Int’l. Law 459 (2010)
Speeches
- “Blockchain 101,” University of Texas School of Law Gas and Power Institute (September 20, 2017)
- “Hedging Oil & Gas Production,” UT Law 41st Annual Ernest E. Smith Oil, Gas and Mineral Law Institute (Houston, Texas; March 27, 2015)
- “Understanding the ISDA Master Agreement: Frequently Negotiated Provisions” (Houston, Texas; December 16, 2014)
- “Understanding the ISDA Master Agreement & The Basics of Dodd-Frank Derivatives Compliance” (Austin, Texas; May 22, 2014)
- “Understanding the ISDA Master Agreement: Derivatives 101 & Structure of the ISDA Master Agreement” (Dallas, Texas; February 26, 2014)
- “Understanding Oil and Gas Leases, Lorman Education Services” (Webinar; July 30, 2013)
- “Quench My Thirst: Water Rights in the Context of Water Treatment Technologies,” TexasBarCLE 35th Annual Advanced Real Estate Law Course (San Antonio, Texas; July 12, 2013
In the News
- “Experts: Hedging a ‘double-edged sword’ at $30 per barrel prices,” San Antonio Business Journal, April 5, 2016
- “Jackson Walker LLP attorney offers advice for surviving in trying times of energy sector,” San Antonio Business Journal, March 25, 2016
- Boys & Girls Clubs of San Antonio, Board of Directors
- International Energy Credit Association (IECA)
- Institute for Energy Law (IEL) Leadership Class
- Leadership San Antonio
- State Bar of Texas: Oil, Gas and Energy Resources Law Section
- University of Texas School of Law Gas and Power Institute Planning Committee
- World Affairs Council of San Antonio, Board of Trustees
Jackson Walker Represents Bridger Logistics in Successful Divestiture of Saltwater Disposal, Crude Oil Truck Transportation, and Logistics Businesses
Jackson Walker Represents Castleton Commodities International in Acquiring Gas Trading Business
36 Jackson Walker Attorneys Recognized in S.A. Scene’s 2017 Best Lawyers List
Jesse S. Lotay Named to Inaugural Institute for Energy Law Leadership Class
Meghan Griffiths and Jesse S. Lotay Speak on New Technology Trends in Energy at UT Gas and Power Institute
Five Jackson Walker Attorneys Selected to American City Business Journals' "Who's Who in Energy" List
Jackson Walker Represents NuStar Energy in $142.5 Million Terminal Purchase
Castleton Commodities International
Jackson Walker successfully represented global commodity merchant Castleton Commodities International LLC (CCI) in its acquisition, through one of its subsidiaries, of Enstor Energy Services LLC, the natural gas trading business of Avangrid Renewables Holdings Inc., a wholly owned subsidiary of Avangrid Inc., a $32 billion diversified energy and utility company. The transaction closed on March 1, 2018. CCI consistently ranks among the top marketers of natural gas in the U.S., transacting on approximately 100 pipelines and over 60 storage facilities to create a geographically diverse portfolio of natural gas assets. CCI markets a broad range of physical commodities, including electric power, natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, base metals, and petrochemicals.
NuStar Linden
Jackson Walker successfully represented NuStar Energy L.P. in its acquisition of full ownership of a refined products terminal in Linden, N.J., which is located in the New York Harbor. The terminal was previously operated as a joint venture with Linden Holding Corp., and NuStar had 50 percent ownership of the facility. NuStar purchased the remaining ownership interest from Linden, a subsidiary of NIC Holding Corp., for $142.5 million in a transaction that was announced on Jan. 9, 2015.
NuStar Refinery
Jackson Walker successfully represented client NuStar Energy L.P. in the sale of its San Antonio refinery and related assets to Calumet Specialty Products Partners, L.P. for $100 million, plus closing date inventory of approximately $15 million. The deal closed on Jan. 2, 2013. The related assets included a terminal in Elmendorf, Texas, and a pipeline connecting the terminal and refinery.
Practice Experience
- Commodity Purchase and Sale Agreements
- Prepaid Natural Gas Purchase and Sale Agreements
- Intercreditor Agreements
- EEI Master Power Purchase & Sale Agreements
- Engineering, procurement, and construction (EPC) contracts
- Gas gathering and processing agreements
- Interconnection agreements
- ISDA Master Agreements
- NAESB Base Contract for the Sale and Purchase of Natural Gas
- Pipeline, right of way and other easement agreements
Publications & Speeches
Publications
- Hedging Oil and Gas Production: Issues and Considerations, Thomson Reuters Practical Law Finance (March 2016)
- Commodity Repo Agreements for Crude Oil Inventory (E-Alert; May 7, 2014)
- Drafting Tips: Securities Lending Authorization Agreements (E-Alert; May 6, 2014)
- Recent Case on Safe Harbor Provisions in Swap Agreements: Michigan State Housing Development Authority v. Lehman Brothers Derivative Products Inc., et al. (E-Alert; January 10, 2014)
- Quench My Thirst: Water Rights in the Context of Water Treatment Technologies, Section Report of the Oil, Gas & Energy Resources Law Section of the State Bar of Texas (Vol. 37, No. 2) (Winter 2013)
- Water Recycling and Fracking: Finding Solutions, Texas Lawyer (Vol. 29, No. 16) (July 15, 2013)
- Subprime Carbon: Fashioning An Appropriate Regulatory And Legislative Response To The Emerging U.S. Carbon Market To Avoid A Repeat Of History In Carbon Structured Finance And Derivative Instruments, 32 Houston J. Int’l. Law 459 (2010)
Speeches
- “Blockchain 101,” University of Texas School of Law Gas and Power Institute (September 20, 2017)
- “Hedging Oil & Gas Production,” UT Law 41st Annual Ernest E. Smith Oil, Gas and Mineral Law Institute (Houston, Texas; March 27, 2015)
- “Understanding the ISDA Master Agreement: Frequently Negotiated Provisions” (Houston, Texas; December 16, 2014)
- “Understanding the ISDA Master Agreement & The Basics of Dodd-Frank Derivatives Compliance” (Austin, Texas; May 22, 2014)
- “Understanding the ISDA Master Agreement: Derivatives 101 & Structure of the ISDA Master Agreement” (Dallas, Texas; February 26, 2014)
- “Understanding Oil and Gas Leases, Lorman Education Services” (Webinar; July 30, 2013)
- “Quench My Thirst: Water Rights in the Context of Water Treatment Technologies,” TexasBarCLE 35th Annual Advanced Real Estate Law Course (San Antonio, Texas; July 12, 2013
In the News
- “Experts: Hedging a ‘double-edged sword’ at $30 per barrel prices,” San Antonio Business Journal, April 5, 2016
- “Jackson Walker LLP attorney offers advice for surviving in trying times of energy sector,” San Antonio Business Journal, March 25, 2016
Community Involvement
- Boys & Girls Clubs of San Antonio, Board of Directors
- International Energy Credit Association (IECA)
- Institute for Energy Law (IEL) Leadership Class
- Leadership San Antonio
- State Bar of Texas: Oil, Gas and Energy Resources Law Section
- University of Texas School of Law Gas and Power Institute Planning Committee
- World Affairs Council of San Antonio, Board of Trustees
Career Highlights
Castleton Commodities International
Jackson Walker successfully represented global commodity merchant Castleton Commodities International LLC (CCI) in its acquisition, through one of its subsidiaries, of Enstor Energy Services LLC, the natural gas trading business of Avangrid Renewables Holdings Inc., a wholly owned subsidiary of Avangrid Inc., a $32 billion diversified energy and utility company. The transaction closed on March 1, 2018. CCI consistently ranks among the top marketers of natural gas in the U.S., transacting on approximately 100 pipelines and over 60 storage facilities to create a geographically diverse portfolio of natural gas assets. CCI markets a broad range of physical commodities, including electric power, natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, base metals, and petrochemicals.
NuStar Linden
Jackson Walker successfully represented NuStar Energy L.P. in its acquisition of full ownership of a refined products terminal in Linden, N.J., which is located in the New York Harbor. The terminal was previously operated as a joint venture with Linden Holding Corp., and NuStar had 50 percent ownership of the facility. NuStar purchased the remaining ownership interest from Linden, a subsidiary of NIC Holding Corp., for $142.5 million in a transaction that was announced on Jan. 9, 2015.
NuStar Refinery
Jackson Walker successfully represented client NuStar Energy L.P. in the sale of its San Antonio refinery and related assets to Calumet Specialty Products Partners, L.P. for $100 million, plus closing date inventory of approximately $15 million. The deal closed on Jan. 2, 2013. The related assets included a terminal in Elmendorf, Texas, and a pipeline connecting the terminal and refinery.