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Matthew Falcone
Matthew Falcone
Partner — Mergers & Acquisitions and Private Equity
Partner — Mergers & Acquisitions and Private Equity

Matthew Falcone

Matthew Falcone
Houston

Texas Tower
845 Texas Avenue
Suite 4700
Houston, Texas 77002

Matthew Falcone

Experience Highlights

  • Stonepeak in its approximately $3 billion acquisition of a 50% interest in the Coastal Virginia Offshore Wind project, which at 2.6 GW is expected to be the largest offshore wind project in the U.S. and one of the largest offshore wind projects globally upon completion

  • Affiliates of Global Infrastructure Partners in the acquisition of a 50 percent interest in the multi-billion dollar South Fork and Revolution Offshore Wind Projects off the East coast of the United States from Eversource Energy, including the negotiation of the joint venture arrangements with Orsted for the construction and operation of the projects and all financing arrangements

  • Stonepeak in the approximately $300 million acquisition of an interest in a portfolio of four U.S. onshore wind projects with a total capacity of 957 MW from Ørsted, including the financing for the consummation of the acquisition

  • Lotus Midstream, an Encap Flatrock Midstream portfolio company, in its $1.45 billion sale to Energy Transfer LP

  • MN8 Energy, a leading renewable energy and battery storage owner-operator in the US, in its agreement with Mercedes-Benz to deliver an open network of branded high-power charging stations in North America

  • Sixth Street Partners in its majority investment in Caliche Development Partners, a company focused on the acquisition, development, and operation of natural gas and industrial gas storage assets as well as carbon sequestration, which owns the Golden Triangle Storage facilities and carbon sequestration development project in Beaumont, TX, and the Central Valley Gas Storage facilities in Princeton, CA (pending)

  • Archaea Energy, an industry-leading RNG producer, in a joint venture with Republic Services Inc., a leader in the environmental services industry, to contribute approximately $1.1 billion over five years in order to develop 39 landfill gas to RNG projects across the U.S.

  • 3 Bear Energy, a Blackstone Credit portfolio company, in the $624.7 million sale to DKL Delaware Gathering, a subsidiary of Delek Logistics Partners, of its crude oil and gas gathering, processing and transportation businesses and water disposal and recycling operations in the Delaware Basin in New Mexico

  • Trace Midstream, a Quantum Energy Partners portfolio company, in the $950 million sale of Trace’s Haynesville gathering and processing assets to The Williams Companies

  • Moda Midstream, an EnCap Flatrock Midstream portfolio company, in the sale by Moda of the Moda Ingleside Energy Center, the largest crude export terminal in the U.S., and certain other assets to Enbridge for approximately $3 billion

  • Blackstone Credit and ClearGen, a Blackstone Credit portfolio company, in the formation of a strategic partnership between ClearGen and GreenStruxure, a Schneider Electric and Huck Capital joint venture, to develop, own and operate up to $500 million of renewable energy microgrid systems for C&I customers

  • Continental Resources in its $250 million strategic investment in Summit Carbon Solutions to fund the development and construction of carbon capture, transportation and sequestration infrastructure located in the Midwestern United States with initial capacity of up to 12.0 MMtpa and expansion capabilities up to 20.0 MMtpa

  • NALA Renewables and Buckeye Partners in connection with the acquisition of and joint venture structuring for, the Swift Current Energy portfolio, a US portfolio of development wind and solar assets in excess of 10GW, including the construction and term financing and tax equity investments in the portfolio assets

  • Archaea Energy in its $215 million acquisition of NextGen Power Holdings, the owner of a portfolio of 14 operating landfill gas to power projects located in the Mid-Atlantic United States, from Riverview Investment Holdings, an affiliate of Castleton Commodities International

  • Moda Midstream in its sale of 50% equity interest in Vopak Moda Houston, an ammonia storage, import and export terminal in Texas, to Exolum Corporation S.A.

  • Crowley Maritime Corporation in the formation of Crowley Wind Services, a joint venture with Morgan Stanley Infrastructure Partners to develop terminals and provide maritime services in support of offshore wind energy development in the United States (Marine Money’s 2023 M&A Deal of the Year)

  • Macquarie Capital in the launch of Aerogy, a platform to develop, operate and invest in renewable natural gas infrastructure projects and in the development and financing of Aerogy’s anaerobic digestion based RNG production facility at a leading dairy producer in Wisconsin

  • 8 Rivers Capital in its joint venture with ADM to develop the 280 MW Broadwing Clean Energy Complex in Illinois, one of the world’s first zero emissions Allam-Fetvedt cycle power plants, including CO2 storage capabilities

  • Global Atlantic Financial Group in the $1.175 billion acquisition from Southern Power of a 33 percent minority interest in its solar portfolio (composed of 26 operating solar facilities representing approximately 1.7 GW of capacity)

  • Buckeye Partners in its acquisition of a 270 MW, construction-ready solar power generation facility in Falls County, Texas, from OCI Solar Power

  • Retirement and life insurance company in its acquisition of two utility scale solar projects in West Texas (250 MW) from a major developer

  • Blackstone Credit and ClearGen, a Blackstone Credit portfolio company, in the negotiation of a $150 million exclusive financing agreement with Verdant Microgrid, a leading clean energy development company, for the development of renewable microgrid projects for C&I customers

  • Clean Line Energy Partners,  a developer of renewable energy transmission projects, in the $50 million equity investment in the company by Bluescape Resources 

  • Clean Line Energy Partners in the sale of its non-transmission development assets, including its interests in a 600 MW wind project and a series of utility-scale wind and battery storage development projects to ConnectGen, a portfolio company of Quantum Energy Partners

  • Chevron Phillips Chemical Company in connection with a joint venture with QatarEnergy to develop an $8.5 billion integrated polymers facility in Orange, Texas

  • Clearfork Midstream, a portfolio company of Encap Flatrock Midstream, in the acquisition of Azure Midstream Energy, a Haynesville Shale natural gas gathering and treating platform of Energy Spectrum Capital, and the related $400 million capital commitment from Encap Flatrock Midstream

  • Trace Midstream Partners, a portfolio company of Quantum Capital Group, in its acquisition of LM Energy Delaware’s natural gas gathering and transportation assets in the Northern Delaware Basin (pending)

  • Quantum Energy Partners in its acquisition of an interest in Mexico Pacific Limited, the owner of Saguaro Energia, a 14.1 mtpa LNG export facility located in Puerto Libertad, Sonora, Mexico

  • Quantum Energy Partners and its portfolio company, Woodford Express Partners, in the $485 million sale of Woodford Express, a Mid-Continent gas gathering and processing system, to Energy Transfer

  • Harvest Midstream in its acquisition from Ares Management of Paradigm Midstream, which owns certain crude oil, water and natural gas gathering, storage and transportation assets located in North Dakota and South Texas

  • Plains All American in the formation of Plains Oryx Permian Basin LLC, a strategic joint venture with Oryx Midstream, a Stonepeak Infrastructure Partners portfolio company, combining substantially all of Oryx’s assets with the majority of Plains’ assets located within the Permian Basin

  • Morgan Stanley Infrastructure Partners in its $1.03 billion sale of Eureka Midstream Holdings and Hornet Midstream Holdings to EQM Midstream Partners 

  • SemGroup Corporation in its $2.1 billion acquisition of Houston Fuel Oil Terminal Company, one of the largest oil terminals in the U.S., from Alinda Capital Partners

  • A large international energy company in the sale of approximately $2.5 billion of midstream infrastructure assets to affiliates of an energy-focused private equity firm

  • Targa Resources in its $160 million sale of the company’s refined products and crude oil storage and terminaling facilities in Washington and Maryland to ArcLight Capital Partners

  • Plains All American Pipeline in the sale of three interconnected crude oil terminals and associated pipeline infrastructure in Los Angeles to Zenith Energy U.S.

  • Plains GP Holdings, L.P. in its $7.2 billion simplification transaction between Plains All American Pipeline, L.P. and Plains AAP, L.P.

  • Natural Gas Partners in an $800 million strategic joint venture with EnLink Midstream to operate and expand EnLink’s natural gas, natural gas liquids and crude oil midstream assets in the liquids-rich Delaware Basin

  • Hartree Partners in its acquisition of AMID Crude Oil Storage, a crude oil storage business in Cushing, Oklahoma with approximately 3.0 MMBls of crude oil storage capacity, from Third Coast Midstream, an affiliate of ArcLight Capital Partners

  • Plains All American Pipeline in the formation of a joint venture with Holly Energy Partners, L.P. for the development and construction of a new 160,000 barrel per day common carrier crude oil pipeline and the ownership and operation of 1.5 million barrels of crude oil storage

  • Sunoco Logistics Partners, L.P. in the formation of Permian Express Partners, a strategic joint venture with ExxonMobil to combine certain of their key crude oil logistics assets

  • Quantum Energy Partners in the combination of two of its portfolio companies, Xplorer Midstream and Intensity Midstream 

  • Flywheel Energy Operating, a portfolio company of funds managed by Kayne Anderson Capital Advisors, in its $1.86 billion acquisition of all Fayetteville Shale and ARKOMA upstream and midstream assets of Southwestern Energy Company via the acquisition of 100% of the issued and outstanding securities in SWN Production (Arkansas), LLC and DeSoto Gathering Company, LLC

  • Trinity CO2 in Sixth Street’s structured investment in Trinity Midstream in partnership with Trinity CO2

  • Quantum Energy Partners in its acquisition of an interest in Trident Energy, an international upstream operator with assets in Equatorial Guinea and Brazil, from affiliates of Warburg Pincus, and commitment of additional funding to Trident of up to $400 million

  • FleetPride, a TPG portfolio company and the industry’s largest distributor of heavy duty truck and trailer parts, in its sale to American Securities

  • Morgan Stanley Energy Partners its acquisition of Specialized Desanders, a provider of sand management solutions to the oil and gas industry

  • White Deer Energy and AXIOS Industrial Group, a portfolio company of White Deer Energy and industry-leading provider of industrial services, in the merger between AXIOS and A&L Industrial Services, a portfolio company of Hastings Equity Partners

  • Spur Energy Partners in the formation of a partnership with KKR to acquire oil and gas production development assets

  • Greenfield Midstream in a $300 million line of equity commitment to the company, focused on midstream infrastructure across North America, from EnCap Flatrock Midstream

  • Lotus Midstream, a crude oil logistics provider, in a $400 million line of equity commitment to the company from EnCap Flatrock Midstream

  • ATX Energy Partners, a newly formed E&P company and the successor company to Brigham Resources, in a $780 million line of equity investment in the company from Warburg Pincus alongside Yorktown Partners and Pine Brook

  • Warburg Pincus in the $500 million line of equity commitment to RimRock Oil & Gas, an E&P company focused on unconventional assets in the United States and Canada

  • Ridge Runner Resources in a $300 million line of equity commitment to the company, a newly formed oil and gas E&P company focused on the Delaware Basin, from Warburg Pincus

  • Lime Rock Partners in the $400 million line of equity commitment to CrownRock Minerals and the acquisition by CrownRock of certain oil and gas interests from Mallard Royalty Holdings 

  • Natural Gas Partners in a line of equity commitment to Trilogy Midstream Investments

  • Antero Resources Corporation in a $402 million structured overriding royalty interest transaction with an affiliate of Sixth Street

  • Continental Resources in its $220 million sale of mineral rights in the SCOOP and STACK oil and gas plays to, and formation of a joint venture with, Franco-Nevada Corporation

  • Oasis Petroleum in the $946 million acquisition of acreage in the Delaware Basin from Forge Energy

  • Flywheel Bakken (formerly Valorem Energy) in the $285 million acquisition of LINN Energy, Inc.’s Williston Basin interests

Credentials

  • The University of Texas School of Law, J.D. with honors, 2011
  • Georgetown University, B.S.F.S., International Politics magna cum laude, 2007
  • The Deal, “Top Rising Stars”, 2021
  • IFLR1000, 2020–2023
  • Selected to the 500 Leading Energy Lawyers, Lawdragon, 2023 and 2024
  • Selected to the Texas Rising Stars list, Super Lawyers (Thomson Reuters), 2023
  • Legal 500 U.S., Energy: Renewable/Alternative Power, 2023; Energy: Transactions: Oil & Gas, 2024
  • Texas Lawyer, Rising Star, 2023
  • New York
  • Texas