Alexandria Lay, a member of Steptoe & Johnson PLLC’s energy and natural resources department’s transactional team, is today’s featured Forty Under 40 honoree.
Since 2012, Lay has been involved in transactions totaling more than $7 billion. She permanently joined Steptoe & Johnson in 2012 after graduating from Washington and Lee University School of Law.
Earlier this year, Lay reached a long-time goal when she became a member at the firm.
“I achieved that goal at age 31, largely because I had many opportunities to work on complex deals and excellent mentors to guide me,” Lay said.
Currently, she represents oil and gas and coal companies in various matters, including negotiating asset acquisitions and dispositions, conducting and managing wide-scale due diligence projects, and advising on various other transactional, operational, and property matters.
Mexican state oil company Pemex said on Dec. 6 it has discovered a deposit in southeastern Mexico that could yield 500 million barrels of crude, calling it the largest such finding in more than 30 years.
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position that is expected to produce 12,000 barrels of oil equivalent per day (boe/d) in 2020.
Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million barrels per day (MMbbl/d), Saudi Energy Minister Prince Abdulaziz bin Salman said.