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.
The country is offering 67 discovered small fields in 46 contract areas, including 26 onshore, 18 shallow-water and two deepwater areas.
Bidding round results show some companies are still willing to spend money on exploration despite falling profits and cost cuts.
Only five companies submitted 33 bids for 33 of the more than 4,000 unleased blocks that were offered, according to the U.S. Bureau of Ocean Energy Management. Bids totaled about $22.7 million.