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Rice, Richard C.
Richard C. Rice
P: +1.713.221.1276
F: +1.800.404.3970

Wanda Van Hook


Richard (Dick) Rice represents United States and international clients in all aspects of energy and energy-related matters, including oil and gas, petrochemical facilities, pipelines, and energy commodity trading. He provides counsel with regard to mergers and acquisitions, joint ventures, participation arrangements, gathering and transportation agreements, EPC contracts, and other matters related to acquiring, owning, operating and disposing of energy companies and assets.

Prior to rejoining Bracewell in 2015, Dick served as senior vice president, general counsel, and corporate secretary for PetroLogistics LP, a NYSE listed MLP. Dick assisted the founders in the development of a 1.4 billion pound propane dehydrogenation facility, and then represented the MLP in all of its legal matters including SEC filings, corporate governance, litigation, financings, EPC and other procurement matters, supply and offtake contracts, and ultimately the sale of the Company.

Dick has represented clients throughout the United States, South America, Western Europe, Australia, West Africa, Central Asia and Turkey, and is a licensed solicitor in England and Wales.


PetroLogistics LP
Managed multiple law firms and participated in all negotiations with respect to the $2 billion sale of PetroLogistics LP and its general partner to Flint Hills Resources. (2014)

Chief Compliance Officer and chair of the Disclosure Control Committee.

Advised Board and senior management on all governance and corporate matters.

Managed all SEC filings including the preparation of a Form S-3, Form S-4, and all quarterly and annual filings.

Managed the negotiation and drafting of credit facilities including a $100 million revolver and $300 million of high yield notes. (2013)

Negotiated and drafted all commercial contracts including a 20 year propane supply contract and all offtake contracts.

Handled the negotiations for a potential $1 billion plant construction project (2013)

Assisted in all HR matters including the development and roll-out of an employee incentive program.

Managed all litigation matters including the settlement of a multi-million dollar construction dispute.

Represented Statoil Gulf of Mexico in connection with the development of its Gulf of Mexico operations including the acquisition of its initial holdings from EnCana, ExxonMobil and Chevron, negotiation of numerous participation agreements, property swap agreements, pipeline construction and transportation agreements, royalty disputes and other matters.

Represented Noble Energy in the sale of $600 million of oil and gas properties in Oklahoma and Texas to Unit Corporation. (2012)

Represented Apache in connection with the $7 billion dollar acquisition of oil and gas properties from BP with primary responsibility for the Canadian package of assets. (2010)

Represented Statoil Gulf of Mexico in the negotiation of rig drilling contracts with Maersk and rig sharing agreements with ExxonMobil and Woodside. (2012)

Represented the purchaser in the acquisition of $700 Million of Gulf of Mexico leases from Plains Exploration.

Represented Shell International in negotiating the Engineering, Construction and Procurement Contract for a Floating Production, Storage and Offloading Unit together with a related Bare Boat Charter and an Operation and Maintenance Agreement necessary for the development of the BC-10 field offshore Brazil.

Represented Shell International in the acquisition of oil and gas properties located offshore the Republic of Gabon.

Represented Apache in the acquisition of a 49% interest in an Australian fertilizer plant currently operated by Yara International including restructuring plant ownership, negotiation of supply and offtake agreements and providing advice with respect to material litigation challenging the transaction. (2011)

Represented Statoil Marketing and Trade in negotiations to be the sole supplier of crude oil and feedstock to two refineries on the eastern U.S. coast and to manage the related pricing, hedging and credit arrangements. (2011)

Represented PetroLogistics in the brownfield development of a 1.1 billion pound propane dehydrogenation plant including the negotiation of the site acquisition documents, all material construction contracts, all supply and feedstock contracts and all commercial and litigation matters. (2010)

Represented a private investor in connection with the sale into a development joint venture of significant holdings in the Marcellus Shale area, including negotiation of the agreements related to the development of a midstream gathering system. (2010)

Represented Enterprise Products LLP in connection with ownership and operational matters relating to gas processing facilities in Louisiana and the San Juan Basin including negotiations related to gas gathering agreements, connection agreements, settlement and balancing agreements, and other operational and litigation matters.

Represented KinderMorgan in the development of a midstream joint venture with PetroHawk Energy related to acquisition and development of significant pipeline assets in Texas and Louisiana and in the negotiation of related transportation agreements. (2010)

Represented Statoil North America in the acquisition of an oil storage facility in the Bahamas. (2010)

Represented PL Midstream in the acquisition and subsequent development of a series of underground storage facilities and related pipelines, including the development of an underground gas cavern, along with assistance on all commercial negotiations related to the development thereof.


J.D., Vanderbilt University Law School, 1984
B.S., magna cum laude, University of Connecticut, 1981

Bar Admissions

Solicitor of the Senior Courts of England and Wales


International Bar Association
State Bar of Texas
Houston Bar Association


Legalease, The Legal 500 US, Project Finance, 2010