Erland Modesto

A Partner in the Firm’s Houston office, Erland brings over a decade of knowledge and experience, particularly with respect to the entire energy value chain and energy transition related matters. He is adept at developing flexible structures for companies in volatile energy markets. Throughout his career, Erland has provided counsel to lenders and borrowers across a wide variety of debt financing transactions, including LBOs, acquisition financings, general refinancings, restructurings, back leverage, holdco and asset based and reserve-based financings.

Highly ranked in Chambers, Erland is a member in the Firm’s Banking and Credit practice, advising clients in a wide variety of industries across the energy sector, including in the oil and gas exploration and production, midstream and oilfield services sector. He has been described as “extremely commercial, knowledgeable and creative…always eager to help find solutions for clients” by The Legal 500. Clients have described him as “do[ing] a fantastic job and prov[iding] really good advice" and as having a “deal and detail-oriented mindset." Moreover, Erland has been named a “Next Generation Partner” by The Legal 500 and a “Rising Star” by Law360. He was dubbed a “Rising Star” by Texas Lawyer earlier in his career.

Erland is Co-Hiring Partner for the Firm’s Houston office and serves on the Firm’s Opinion and Recruiting committees.

Recent transactions include the representation of:

• The joint lead arranger and administrative agent in the financing for DT Midstream’s $1 billion term loan B and $750 million revolving credit facility
• Lead arrangers in NGL Energy Partners’ (“NGL”) $700 million senior secured term loan facility and amendment, extension and upsize of NGL’s $600 million asset-based revolving credit facility
• JPMorgan, as arranger and administrative agent, in the amendment and restatement of Noble Corporation plc’s existing $550 million senior secured revolving credit facility
• DNB Markets, as arranger, and DNB Bank, New York Branch, as administrative agent, in TechnipFMC plc’s new $500 million senior secured multicurrency performance letter of credit facility
• JPMorgan, as lead arranger and administrative agent, in the refinancing of TechnipFMC plc’s $1.25 billion senior secured multicurrency revolving credit facility
• Wells Fargo, as administrative agent and arranger, in an amendment and restatement of Weatherford International plc’s $550 million credit facility, which is comprised of a $250 million tranche available for performance letters of credit and a $300 million tranche available as a cash revolver
• Citibank, as administrative agent, with Vencer Energy's reserve-based financing used, in part, to finance Vencer’s previously announced acquisition of Midland Basin assets from Hunt Oil Company
• Citibank, as administrative agent, with Validus Energy’s reserve-based revolving loan to finance the acquisition of Ovinitiv’s Eagle Ford assets for $880 million
• JPMorgan, as joint lead arranger, in Venture Global LNG’s $500 million term loan
• Goldman Sachs, as administrative agent and lender, in EPIC Crude’s original $1 billion Term Loan B and subsequent incremental upsize and its Term Loan C
• JPMorgan, in its committed debt financing for Cactus, Inc. in the acquisition of FlexSteel Technologies Holdings, Inc.
• JPMorgan, as administrative agent and lender, in multiple amendments to Double Eagle IV Midco’s existing credit agreement
• Major financial institution in back leverage facility for major sponsor in the acquisition of minority interests in global energy assets
• Bank of America, in the refinancing and extension of GIP III Stetson I L.P. and GIP III Stetson II L.P.’s approximately $700 million senior secured term loan B 
• Goldman Sachs, as administrative agent, in the financing of Global Infrastructure Partners’ $3.12 billion acquisition of interests in EnLink Midstream Partners and EnLink Midstream
• Wells Fargo in the $500 million commitment to Permian Resources Corp.’s credit facility in connection with the Earthstone Energy acquisition
• Wells Fargo in the $1.5 billion reserve-based exit credit facility in Legacy Reserves’ financial restructuring and emergence from bankruptcy
• Arsenal Resources in its credit facilities related to its first financial restructuring and its second prepackaged Chapter 11 proceeding

Erland received his J.D., with Honors, from University of Texas School of Law in 2010 and his B.A. from Boston College in 2007. He is admitted to practice in Texas and New York.