Morgan Lewis

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February 2007 Private Equity M&A: The Force Behind the Seller’s Market, Metropolitan Corporate Counsel
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11/16/11 Morgan Lewis Advises ConocoPhillips on Sale of Company's Interest in Seaway Crude Pipeline System as Part of $2 Billion Sale of U.S. Pipeline Assets
ConocoPhillips announced that it has entered into an agreement with Enbridge Inc. to sell its ownership interest in the Seaway Crude Pipeline System.
07/01/11 Morgan Lewis Advises Mitsui on $680 Million Shale Investment in Texas
Mitsui & Co., Ltd. announced that it has entered into a definitive agreement with SM Energy Company to acquire a 12.5% working interest in SME's Eagle Ford property in Texas, in a transaction valued at approximately $680 million.
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Photo of  Jonathan S. Ayre

honors + affiliations

Listed, "Texas Rising Star," Texas Super Lawyers (2010–2011)

Listed, "Top Lawyers," H-Texas Magazine (2009)

Member, American Bar Association

Member, Houston Bar Association

bar admissions

  • Texas
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Jonathan S. Ayre
Associate


Email: jayre@morganlewis.com
Houston
1000 Louisiana St., Suite 4000
Houston, TX 77002-5006
Phone: 713.890.5192
Fax: 713.890.5001

Jonathan S. Ayre is an associate in Morgan Lewis's Business and Finance Practice. Mr. Ayre focuses his practice on energy industry and corporate transactions, including domestic and international mergers and acquisitions, joint ventures, corporate governance, construction contracting, project development, financing transactions, and securities offerings.

Mr. Ayre's experience in energy industry matters includes: acquisitions and divestitures of and joint ventures involving upstream and midstream oil and gas assets and power generation facilities; engineering, procurement and construction agreements for liquefied natural gas facilities and nuclear and fossil-fuel power generation facilities; and commercial agreements between owners, developers, contractors, vendors, and power and commodity purchasers. Mr. Ayre also regularly advises companies in various industries on commercial contracts and matters related to entity formation, equity ownership, and corporate governance.

Mr. Ayre earned his J.D., with honors, from the University of Texas School of Law in 2006, where he was a member of the Texas International Law Journal. He earned his B.A., with high honors, from the University of Texas in 2002, where he double-majored in plan II honors program and government and was one of 14 in his graduating class to receive special honors in government.

Mr. Ayre is admitted to practice in Texas.

Selected Representations

Note: This list contains transactions that were not completed at Morgan Lewis.

Mergers and Acquisitions – Upstream Oil and Gas

  • Represented a supermajor in a $2.2 billion acquisition and joint venture of Barnett shale assets.
  • Represented a U.K.-based energy company in a $1.3 billion acquisition and joint venture of Haynesville shale assets.
  • Represented a Japan-based company in negotiation of agreements for a $680 million acquisition and joint venture of Eagle Ford shale assets.
  • Represented the energy division of a major Mexico-based international building materials supplier in the disposition of a portion of its limited partnership interests in an oil and gas exploration venture.
  • Represented an independent oil and gas exploration and production company in connection with its acquisition of East Texas oil and gas properties.

Mergers and Acquisitions – Other

  • Represented a Middle Eastern titanium dioxide company in its $1.3 billion acquisition of the inorganic chemicals division of a former NYSE-listed chemical company.
  • Represented a consulting company in an employee stock ownership plan (ESOP) transaction involving a sale of a portion of its equity interests to an employee stock ownership trust.
  • Represented a major international oilfield services company in an acquisition of the assets of an oilfield technology company.
  • Represented a media company in connection with the disposition of substantially all of its assets to a strategic buyer and subsequent negotiations with creditors, wind-down and dissolution of the company.
  • Represented a major energy services company in connection with its disposition of equity interests in a technology company servicing upstream energy companies
  • Represented a biodiesel manufacturer in its acquisition out of bankruptcy of a glycerin processing plant located on the Houston Ship Channel.

Engineering, Procurement and Construction

  • Represented the licensed operator as agent for the owners in the drafting and negotiation of an engineering, procurement, and construction contract for the construction of two new nuclear reactors adjacent to an existing nuclear power plant.
  • Represented a U.K.-based energy company in the drafting and negotiation of an engineering, procurement, and construction contract for an Australia-based LNG project.
  • Represented a U.K.-based independent power producer in the drafting and negotiation of a technical services agreement and an engineering, procurement and construction contract for a coal-fired power plant.

Project Development and Finance

  • Represented a private equity investor and developer of a natural gas storage facility in a joint venture including a contribution by a major U.S. energy company and nonrecourse project financing with a combined transaction value of $240 million, a subsequent $75 million recapitalization, project development matters, and restructuring of the entity.
  • Represented a biodiesel manufacturer in its corporate restructuring and capitalization through a preferred stock investment by a private equity fund.
  • Represented a Middle Eastern private equity fund in the acquisition, financing, and subsequent recapitalization of an 800-MW power-generation facility. Represented the portfolio company in the negotiation of a power hedge agreement, tax abatement proceedings, and project development matters.

Other Transactions

  • Represented a private equity company in numerous joint ventures involving Latin American real estate assets.
  • Represented a national professional photography company in connection with a master services agreement for the development and implementation of a software package allowing Internet access to studio-generated photographs and agreements to provide photography services to customers of major national retailers.
  • Represented a Japan-based company in the formation of and corporate governance matters relating to its U.S. gas marketing subsidiary and related midstream agreements.
  • Represented a media company in connection with an equity raise, a convertible note issuance, and corporate governance matters.
  • Represented a Brazil-based power company in a proposed international bond issuance pursuant to Regulation S and Rule 144A under the Securities Act.

education

  • University of Texas School of Law, 2006, J.D., With Honors
  • University of Texas at Austin, 2002, B.A., With High Honors, Special Honors in Government