Wells Parker
PEOPLE

Wells Parker

Partner
parker.wells@dorsey.com

Overview

WELLS HELPS CLIENTS ACQUIRE, EXPLORE, FINANCE, DEVELOP AND OPERATE MINING AND OIL & GAS PROJECTS IN THE UNITED STATES.

Wells is a Partner who focuses primarily on natural resources development, energy, and environmental law. He represents a wide range of mining and oil & gas clients in acquisition, development, permitting, infrastructure and economic development projects.

His work includes the purchase and sale of public and private oil & gas and mining companies and related assets, as well as earn-in and joint venture transactions, capital raising projects, mine finance, royalty and mineral streaming transactions, leasing, and land transactions. Wells also represents companies in state and federal permitting, regulatory approvals, and administrative disputes and has represented clients in matters before the Bureau of Land Management, Forest Service, Nuclear Regulatory Commission, Environmental Protection Agency, and various other federal and state regulatory agencies.

WELLS ADVISES CLIENTS ON INFRASTRUCTURE, ECONOMIC DEVELOPMENT AND PAY FOR SUCCESS PROJECTS.

Wells counsels clients on infrastructure and economic development projects and has represented several clients in public-private partnerships with local governments relating to property acquisition and infrastructure development in and around natural resources projects in the United States.

Wells represents clients on Pay for Success (PFS) projects and has worked with state and local governments, finance parties and service providers on the development, funding and implementation of social programs, with measurable outcomes, that are dedicated to serving at risk populations. Wells has worked at the forefront of this innovative financing movement and has experience structuring, negotiating and documenting PFS financings as well as preparing and negotiating PFS related agreements.

Education & Admissions

J. Reuben Clark Law School, Brigham Young University (J.D., 2006), Lead Articles Editor, Brigham Young University International Law & Management Review

University of Utah (B.A., 2003)

Admissions

  • Utah
  • U.S. District Court for the District of Utah

Experience

Representative Transactions

Mergers & Acquisitions – Mining
  • Represented large Canadian investor in the purchase and joint venture transaction of the Jerritt Canyon Mine in Elko, Nevada, out of bankruptcy from Veris Gold Corp.
  • Represented Bronco Coal Resources in the purchase of the Emery Deep and Hidden Valley coal mines in Emery County, Utah from CONSOL Mining Company, LLC.
  • Represented Uranium One in the sale of the Shootaring Canyon Mill and other uranium assets, located in Utah, Arizona and South Dakota, to Anfield Resource Inc.
  • Represented major coal company in the sale of a domestic coal company with multiple producing mines and related assets in Utah for $423 million.
  • Represented Western-Fuels Colorado in its acquisition of the Colowyo Coal Mine in northwestern Colorado from Rio Tinto.
  • Represented Arch Coal Inc. in the acquisition of the Jacobs Ranch coal mine in the Powder River Basin from Rio Tinto for $764 million.

Mergers & Acquisitions – Oil & Gas

  • Represented SRC Energy in the acquisition of producing oil and gas assets in the DJ Basin in Colorado from Noble Energy for $568 million.
  • Represented Synergy Resources Corporation in the acquisition of producing oil and gas assets in the Wattenberg Field within the DJ Basin in Colorado from Noble Energy for $505 million. 
  • Represented Kodiak Oil & Gas Corp. in multiple acquisitions of producing and undeveloped properties in the Williston Basin valued at over $1.5 billion.
  • Represented Crescent Point Energy (US) Corp. in its $860 million acquisition of Ute Energy Upstream Holdings LLC with producing and undeveloped properties in the Uinta Basin.

Mine Finance and Royalty Transactions

  • Represented Franco-Nevada Corporation in royalty consolidation transaction with NewCastle Gold.
  • Represented senior noteholders in mine finance transaction with Intrepid Potash.
  • Represented Nevada Copper Corp. in $200 million credit facility.
  • Represented Franco-Nevada Corporation in the acquisition of a royalty on future gold production from the Golden Meadows Project in Valley County, Idaho for $15 million.
  • Represented International Minerals Corporation in the sale of a 3% net smelter return royalty on the Ruby Hill gold mine in Nevada to Royal Gold, Inc. for $38 million.

Joint Venture Transactions

  • Represented Golden Queen Mining Co. Ltd. in joint venture transaction with Leucadia National Corporation and a shareholder group concerning the development of the Soledad Mountain Gold and Silver Project in Kern County, California.
  • Represented Talon Metals Corp. in an Exploration and Option Agreement with Kennecott Exploration Company concerning the exploration and joint development of the Tamarack Nickel-Copper-Platinum Project in Minnesota.
  • Represented international uranium company in joint venture transactions for the development of mining projects in Arizona.
  • Represented international gold mining company in transaction involving amendments to joint venture agreement relating to producing gold mine in Nevada.

Administrative Disputes and Proceedings

  • Served as counsel before the U.S. Department of the Interior, Interior Board of Land Appeals, in case involving mining claim location and maintenance issues.
  • Served as counsel before the U.S. Department of the Interior, Interior Board of Land Appeals, in cases involving reinstatement of Federal oil and gas leases.

Mining, Oil & Gas and Land Transactions

  • Represented major coal company in leasing, permitting, construction and development of mine ventilation facility in Utah.
  • Represented Degaro Innovations Corp. in a farmout agreement with Blue Water Petroleum, LLC to earn a 100% working interest in the Blue Water oil and gas project in Big Horn County, Montana.
  • Represented major coal company in well suspension and mine through agreements with oil and gas producers in the Powder River Basin of Wyoming.
  • Represented mining companies in various property transactions including property purchase and sale agreements, mineral leases, surface use agreements, overstrip agreements, well suspension agreements, data sale agreements and royalty agreements relating to properties located throughout the western United States.

Infrastructure and Economic Development Projects

  • Represented Canyon Fuel Company, LLC in the joint planning, permitting, development, construction and funding, with the Sevier County, Sevier Special Service District # 1, of the Quitchupah Creek Road.
  • Represented Nevada Copper Corp. in Federal land exchange and property acquisition with the City of Yerington for the development of the Pumpkin Hollow Copper Mine.

Pay for Success

  • Represented financial and legal intermediary for two PFS projects for Salt Lake County addressing criminal justice and homelessness. 
  • Advised service providers on draft legislation, PFS legal governance and transaction structure for the Employability to Careers PFS project being pursued by the State of Utah.
  • Represented service provider on PFS project designed to deliver environmental outcomes through agricultural conservation practices to address storm water pollution reduction requirements.

News & Resources

Articles

Proposed Rulemaking to Update Environmental Review Process under National Environmental Policy Act – How Your Company Can Participate
Trump Administration Rulemaking Process to Redefine Scope of Clean Water Act – How Your Company Can Participate
“U.S. Legal Issues in Cross-Border Mining M&A Transactions,” An Introduction to Cross-Border Natural Resource Transactions, Paper No. 2, (Rocky Mt. Min. L. Fdn. 2017)
Impact of New Administration on Natural Resources Development in United States
"Acquisition and Exercise of Mineral Rights on Federal Lands," Mining Law Short Course, Paper No. 15 (Rocky Mt. Min. L. Fdn. 2014). Updated and republished, Co-Author
“Mining on Federal Lands,” Public Land Law, Regulation, and Management, Paper 5 (Rocky Mt. Min. L. Fdn. 2014).
Dorsey Mining in Difficult Markets Webinar
“Ownership and Development Conflicts Between Oil & Gas and Other Minerals," Horizontal Oil & Gas Development, Paper No. 9 (Rocky Mt. Min. L. Fdn. 2012).
"Acquisition and Exercise of Mineral Rights on Federal Lands," Mining Law Short Course, Paper No. 15 (Rocky Mt. Min. L. Fdn. 2010). Updated and republished, Co-Author
"Due Diligence Checklist - Infrastructure Issues: Power, Water, Transportation and Work Force Services," Handbook of Due Diligence Checklists, 243-261 (Rocky Mt. Min. L. Fdn. 2010), Co-Author
“Infrastructure Issues: Power, Water, Transportation and Work Force Services – What to Know and Where to Focus in Large Scale Natural Resource Transactions,” Due Diligence in Mining and Oil & Gas Transactions, Paper No. 19 (Rocky Mt. Min. L. Fdn. 2010), Co-Author
"Acquisition and Exercise of Mineral Rights on Federal Lands," Mining Law Short Course, Paper No. 18 (Rocky Mt. Min. L. Fdn. 2009) updated and republished, Co-Author
"Materials Act of 1947; Mining Leasing Act of 1920; Mineral Rights on Acquired Lands; and Interplay Between Locatable, Leasable, and Saleable Multiple Mineral Development Issues: Acquisition and Exercise of Mineral Rights on Federal Lands," Mining Law Short Course, Paper No. 17 (Rocky Mt. Min. L. Fdn. 2008), Co-Author

News & Press Mentions

Super Lawyers Recognizes 15 Dorsey Attorneys in Salt Lake City
Seventeen Dorsey Attorneys Named to Utah ‘Legal Elite’
SRC Energy purchases DJ Basin Assets for $608 million
Super Lawyers Recognizes 13 Dorsey Attorneys in Salt Lake City
Chambers USA 2017 Recognizes Dorsey Lawyers and Practice Groups in Salt Lake City
Chambers USA 2017 Recognizes Dorsey Lawyers and Practices
Super Lawyers Recognizes 14 Dorsey Attorneys in Salt Lake City
Chambers USA 2016 Recognizes Dorsey Lawyers and Practice Groups in Salt Lake City
Chambers USA 2016 Ranks Dorsey Lawyers and Practices
Dorsey Wins 2016 Turnaround Atlas Award for Judicial Restructuring of the Year
Dorsey Wins 8th Annual International M&A Award
Dorsey Wins 10th Annual M&A Advisor Turnaround Awards
Dorsey Wins 14th Annual M&A Advisor Award for Real Estate Deal of the Year
Dorsey Advises Kodiak in Whiting Oil & Gas Deal
Law360 Names Attorneys Who Moved Up The Firm Ranks In Q1
Dorsey & Whitney Names New Partners

Legal Writings


Select Presentations

  • “U.S. Legal Issues in Cross-Border Mining M&A Transactions,” Rocky Mountain Mineral Law Foundation, Workshop on Cross-Border Natural Resource Transactions, June 2017 
  • “Real Property Due Diligence in Mining Transactions”, American Exploration and Mining Association, Annual Conference, Reno, NV, December 2016 
  • “Mining on Federal Lands,” Rocky Mountain Mineral Law Foundation, Special Institute on Public Land Law, Regulation, and Management, Santa Fe, NM, May 2014
  • Mining in Difficult Markets: A Discussion of U.S. Legal Issues for Mining Companies and Advisors,” Dorsey Canada Practice Group Webinar, September 2013
  • “Ownership and Development Conflicts Between Oil & Gas and Other Minerals," Rocky Mountain Mineral Law Foundation, Special Institute on Horizontal Oil & Gas Development, Denver CO, November 2012
  • “Acquisition and Exercise of Mineral Rights on Federal Lands," Rocky Mountain Mineral Law Foundation, Mining Law Short Course, Boulder CO, May 2010
  • "Uranium Mining and Milling", Energy Law, University of Utah, S.J. Quinney College of Law, April 2008

Industries & Practices

  • Canada
  • Development & Infrastructure
  • Energy & Natural Resources
  • Environmental
  • Indian & Alaska Native
  • Mergers & Acquisitions
  • Mining
  • Oil & Gas
  • Project Development & Finance
  • Public-Private Partnerships
  • Real Estate & Land Use

Professional & Civic

Professional Achievements

  • Utah State Bar Association; Energy, Natural Resources and Environmental Law Section
  • Rocky Mountain Mineral Law Foundation
    • Mining Chair for 2017 Annual Institute
    • Special Institutes Committee
    • Publications Committee
    • Membership Committee
    • Program Committee, Special Institute on the Nuts and Bolts of Mineral Title Examination, February 2012
  • Board Member, University of Utah Alumni Association, Young Alumni Board of Directors, 2014-2017

Accolades

Ranked in USA Chambers 2017 Leading Individual  Ranked In - USA Chambers and Partners 2016 - Leading Individual   
  • Named “Up & Coming” by Chambers USA (Environment, Natural Resources & Regulated Industries), 2016-2017
  • Listed as a Mountain States Rising Star, 2016-2018
  • Named one of Utah’s Legal Elite by Utah Business Magazine, Energy & Natural Resources, 2015 and 2018
Wells Parker