David Sweeney, partner at Akin Gump Strauss Hauer & Feld LLP, is today’s featured Forty Under 40 honoree.
Sweeney’s ability to articulate large, complex deals has fostered a résumé that far outweighs his age.
Collectively, Sweeney has engaged in some of the oil and gas industry’s heftiest transactions with an aggregate value of $65 billion. His M&A resume includes Diamondback Energy Inc.’s $9.2 billion merger with Energen Corp., Gulfport Energy Corp.’s $1.8 billion acquisition of Vitruvian Exploration, Stone Energy Corp.’s $2.5 billion merger with Talos Energy and Apache Corp.’s acquisition of a portion of BP Plc’s upstream assets for $7 billion.
Still, Sweeney cites being voted by his Akin Gump associates as “Partner of the Year” in 2018 and developing his book on world-wide joint operating agreements as the professional achievements he reveres most.
Being recognized for his professional development by his peers and growing from the writing and editing process are two achievements that he feels have done “far more … than any number of numbers.”
The gloomy forecast will falter if COVID-19 passes quickly and the global economy recovers its appetite for hydrocarbons.
Prices and margins improve across the NGL spectrum.
With oilfields shown to be vulnerable and foes unwilling to compromise, an escalation of the regional conflict is likely, says an analyst.