Randel Young is a global partner of the firm’s energy, infrastructure, and resources practice. Randel’s primary areas of practice include:
- U.S. and international energy and natural resources matters
- U.S. and international project development and project finance
- U.S. and cross-border mergers, acquisitions and dispositions
- U.S. and cross-border joint ventures, joint participation arrangements and joint operating agreements
- Advising corporate and institutional clients on emerging market privatizations and international bid tenders, cross-border investment strategies and overseas business operations, and identifying and mitigating emerging markets risks, including on Foreign Corrupt Practices Act and other international compliance issues, transnational arbitration and ADR matters, including international energy and natural resource disputes and enforcement of foreign arbitral awards and judgments
Energy & Natural Resources
Randel has over 35 years’ experience in advising companies in the energy, natural resource and electric power and related service, manufacturing and supply sectors. His U.S. and international oil and gas project development, M&A and other transactional experience spans virtually every major segment of the oil and gas business, including acquisitions and dispositions of onshore and offshore acreage and production; acquisitions and financings of drilling rigs, platforms and floating production storage facilities; joint appraisal and development operations and activities; acquisition, development and joint operation of natural gas pipelines, gathering lines, processing facilities, gas storage facilities and gas treatment facilities; and acquisition and development of refineries and product storage and discharge facilities.
Randel has structured and negotiated EPC and other engineering, design and construction contracts and has advised on liquidated damage and other construction delay issues, force majeure claims and major construction disputes. He is experienced in advising U.S. and multinational companies involved in the gathering, transportation, marketing trading and processing of oil, gas and petroleum products and has drafted and negotiated long-term and spot market gathering, sale,transportation and processing contracts for a variety of commodities, both in the United States and internationally.
Randel has advised on complex natural gas and other hydrocarbon product pricing and price redetermination issues, take-or-pay and makeup claims, and force majeure and other contract defenses, has structured damage recovery theories for gas contract claims and has acted as an expert on various issues in disputes relating to long-term sales and transportation arrangements for natural gas.
Emerging Markets Advice & International Corporate Matters
Randel has over 30 years’ experience in guiding U.S. and multinational clients through the challenges of investing and operating in emerging markets and how to operate within and around developing legal systems. As an in-house legal counsel and in outside law practice, Randel has worked throughout Latin America and the Caribbean Basin, lived and worked in South America and the Middle East, and has extensive experience in advising on investments, transactions and operations in North Africa, Sub-Saharan Africa, South Asia, Southeast Asia and China.
Randel has represented national oil companies, international oil companies and other multinational businesses in structuring and implementing cross-border transactions in the United States, other parts of the Americas and around the world. Having handled transactions, disputes and other legal matters involving over 60 countries, he has developed and maintains an extensive network of foreign law firms with whom he has worked closely and that provide time-tested legal support in a wide variety of jurisdictions, particularly in the emerging markets.
As part of his international corporate planning practice, Randel advises on the establishment, implementation and supervision of international corporate compliance programs, including matters relating to the U.S. Foreign Corrupt Practices Act and other anti-bribery statutes and conventions, U.S. economic sanctions and trade and investment restrictions, and U.S. anti-boycott compliance. He has coordinated and conducted numerous due diligence reviews and has advised on both internal and independent outside audits of alleged violations of international restrictions and company policies.
Transnational Arbitration & ADR
Randel structures and negotiates international dispute resolution clauses and arbitration agreements, advises on choice of law and choice of forum questions, drafts and negotiates waivers of sovereign immunity and other matters critical to ensuring the enforceability of contractual rights in international transactions. He has managed and advised clients in international litigation, arbitrations and other ADR procedures, and has experience in the recognition and enforcement of foreign judgments in the United States and of foreign arbitral awards around the world under the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
Randel holds a Certificate in Advanced Arbitration Skills (Domestic and International) from the A. A. White Dispute Resolution Center of the University of Houston Law Center. He is a member of the North American Users Council of the London Court of International Arbitration and the Houston International Arbitration Club, and he serves on the Advisory Board of the Institute for Transnational Arbitration. Randel is a member of the Oil & Gas Law and Arbitration Committees of the IBA’s Section on Energy, Environment and Infrastructure Law.
Randel is recognized in Best Lawyers in America for his work in Energy and Project Finance Law, 2018-2019 and for his work in Project Finance Law, 2014-2019. Randel has been named among the “Who’s Who in Energy” list consecutively since 2012. In 2007, Randel was named one of five “Go-To Lawyers” in International Law by Texas Lawyer magazine.
Randel is also recognized in Chambers USA: America’s Leading Lawyers for Business (Projects Law, 2007) and in The Guide to the World’s Leading Energy and Natural Resource Lawyers (2008, 2010, 2012, 2014), and in Euromoney’s Energy & Environmental Expert Guide (2016, 2017). He is listed in The International Who’s Who of Business Lawyers in three categories: M&A, Oil & Gas and Project Finance, and for two jurisdictions: Texas and the United Arab Emirates.
Randel serves on the Advisory Boards of the Institute for Transnational Arbitration and the Institute for Energy Law, The Center for American and International Law in Dallas, Texas. Randel is a member of the London Court of International Arbitration's North American Users Council. He is a member of the American Bar Association – Section of International Law, where he served as co-chair of the International Energy & Natural Resources Committee (2004-2005) and on the Steering Committee (2005-2008); the International Bar Association, Section on Energy, Environmental & Infrastructure Law (Oil & Gas Law & Arbitration Committees), where he served on the Chairman's Ad Hoc Committee on Infrastructure Financing and Development (2005); and the State Bar of Texas, International Law Section, where he served on the State Council (2002-2005). Randel is also a member of the Houston International Arbitration Club, the Association of International Petroleum Negotiators, and the Rocky Mountain Mineral Law Institute (Special Institutes Committee, Vice Chair 2002-2004). Randel recently served as a trustee of the Houston Grand Opera Association.
- Panelist: “New Perspectives for Infrastructure Projects in Latin America,” American Bar Association Section of International Law, Sao Paulo, Brazil, August 2013
- Presenter, “Managing Political and Renegotiations Risk in Emerging Markets Hydrocarbons Transactions –Anticipating the Inevitable Change,” 55th Annual Conference of the Rocky Mountain Mineral Law Foundation, San Francisco, July 2009
- Presenter, "Managing Government Renegotiation Risk and Legal Instability in International Exploration & Production Projects,” Asia Oil & Gas Legal Contract Excellence Conference, Kuala Lumpur, Malaysia, August 2008
- Presenter, “Changing the Rules of the Game: Managing Change of Law and Government Renegotiation Risk,” IQPC World Oil & Gas Finance Summit, Abu Dhabi, February 2007
- Co-Chair, Fourth Annual West & Central Africa Oil & Gas Conference, Houston, June 2006
- Presenter, “The Basics of Project Risk Management,” and “Project Risks in LNG Development Projects,” Conference on Managing Risks in International Oil & Gas Contracts, Regional Centre for International Arbitration & Egyptian Ministry of Petroleum, Cairo, May 2006
- Presenter, “Managing Risks in Integrated Energy Projects,” Risk Management in International Energy Contracts, Libyan Academy of Advanced Studies & The National Oil Corporation, Tripoli, May 2006
- Moderator/Panelist, “The Changing Face of Energy: Energy & Infrastructure Development in the Middle East,” Energy Investment in the Middle East -- Capitalizing on Opportunities in a Time of Change, Fulbright & Jaworski Energy Conference, London and Houston, May/September 2006
- Co-Chair, “Doing Business in the New Libya,” MEC International, London, April 2006
- Presenter, “Beyond EPSA IV: Managing Downstream and Integrated Project Risk in Libya,” International Energy Projects - Issues in Integration of Upstream and Downstream, Fulbright & Jaworski Energy Conference, London, May 2005
- Presenter, “Recent Transactions and Economic/Political/Legal Developments in Brazil,” Fifth Biennial Conference on Project Finance, International Bar Association, Washington DC, 2005
- Presenter, “Negotiating with Foreign Governments and State-Owned Enterprises: Issues for the Private Investor,” 17th Annual Institute, International Law Section, State Bar of Texas, Houston, February 2005
- Presenter, “The New Electricity Model for Brazil: A Legal Framework in Transition,” Changing Energy Models in Emerging Markets, IBA Annual Conference, Auckland, October 2004
- Moderator, “Fundamentals of Project Finance in the Energy Sector,” Fall Meeting, ABA Section on International Law, October 2004
- Presenter, “Drafting Arbitration Clauses for Inter-American Transactions,” American Corporate Counsel Association Meeting, Houston/Dallas, April 2004
- Moderator, “Addressing the Challenges of Major Projects in Africa,” 16th Annual International Law Inst., International Law Section, State Bar of Texas, Houston, February 2004
- Moderator, “Globalization in Reverse - Planning the South American Divestiture Project,” 15th Annual International Law Institute, International Law Section, State Bar of Texas, Dallas, February 2003
- Moderator, “Implementing the Corporate Antitrust Program,” Annual Meeting, Global Corporate Counsel Association, Versailles, July 2002
- Moderator, “Development of Integrated Energy Projects in Latin America,” Annual Meeting, ABA Section on Environment, Energy and Resources Law, Hilton Head, 1998
- Co-Author, “Managing Government Renegotiation Risk In International Energy Projects,” International Energy Law Review (Issue 7, 2009)
- Co-Author, “Managing Risk In Emerging Market Hydrocarbon Development Projects,” 55 Rocky Mt. Min. L. Inst. 30-1 (2009)
- Co-Author, “A Very Real Risk – Expropriation,” Energy Risk, April 2009
- “Special Report – Energy: Perils of Unpredictable States,” The Brief, Vol. 04/08, pp. 28-29, TAE Publishing, April 2008
- “Changing the Rules of the Game,” Middle East Economic Survey, Vol. LI, pp. 9-11, ME Petroleum & Econ. Publications, March 10, 2008
- “Foreign Investment Regime in Brazil: The Current Investment Climate from the Foreign Investor’s Perspective,” Conference Paper, Fifth Biennial Conference on Project Finance, International Bar Association, Washington DC, 2005
- “Negotiating with Foreign Governments and State-Owned Enterprises: Issues for the Private Investor,” Conference Paper, 17th Annual International Law Institute, International Law Section, State Bar of Texas, Houston, 2005
- “Planning the South American Divestiture Project,” Conference Paper, 15th Annual International Law Institute, International Law Section, State Bar of Texas, Houston, 2005
- “Pemex’s Multiple Services Contract Poses Financing Issues,” International Oil & Gas Finance Review, 2003