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Craig Gleaton image

Craig Gleaton


Phone 303.892.7410
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Craig Gleaton is partner at Davis Graham & Stubbs LLP, where his practice has an emphasis on energy transactional, finance, operational, commercial, and title matters, specifically those that involve negotiating transactions for upstream and midstream oil and gas companies, renewable energy projects, and carbon capture strategies. Mr. Gleaton has negotiated purchase and sale agreements, wind and solar leases, joint operating agreements, credit agreements, farmout agreements, joint venture agreements, mortgages and deeds of trust, gas gathering and processing contracts, EPC contracts, and various other agreements. He is licensed to practice law in Colorado, North Dakota, Texas, and Wyoming.

Prior to rejoining DGS, Mr. Gleaton was the co-founder of a boutique energy law firm with offices in Denver, Colorado and Fort Worth, Texas. Before that and after working at DGS as an associate, he served as in-house senior counsel for SM Energy Company. There, he worked on various corporate matters with the executive management team while negotiating asset acquisition and divestitures, various commercial contracts, drilling contracts and master service agreements, surface acquisitions, and commercial real estate purchases and leases. Mr. Gleaton also assisted in implementing a company-wide standard A.A.P.L. operating agreement and assisted with various operational matters, including general land and land administration support, bankruptcy protection strategies, title disputes, payment issues, royalty claims, surface use agreements, and various rights-of-way.

He has authored mortgage opinions and hundreds of acquisitions, drilling, and division order title opinions covering lands in Texas, Wyoming, North Dakota, and Colorado. During law school, Mr. Gleaton was a field landman in the Austin Chalk and Barnett Shale, as well as a legal intern at the Texas General Land Office.

Mr. Gleaton currently serves as a member of the Advisory Board of the Institute for Energy Law and on the COVID-19 Reopening Committee for Paddington Station Preschool in Denver, Colorado. He is a Texas Bar Foundation Fellow and is currently enrolled in Yale’s Financing and Deploying Clean Energy Certificate Program, where he focuses on project finance, power purchase agreements, and financial modeling for renewable energy projects.

Representative Transactions

  • $1.6 billion acquisition of Permian Basin oil and gas assets in Texas
  • $980 million acquisition of membership interests of an oil and gas company with Permian Basin assets in Texas
  • $800 million divestiture of non-operated oil and gas assets in the Eagle Ford Shale in Texas
  • $785 million divestiture of operated oil and gas assets in North Dakota
  • Negotiation of solar and wind leases with various project benchmarks, together with offer letters, due diligence, solar subscription agreements, and mineral notice requirements
  • Numerous commercial real estate leases, subleases, and lease assignment and assumption agreements
  • Acquisition of surface real estate in North Dakota, negotiation of build-out of commercial office space, and subsequent sale of developed building
  • Sale of various water assets in New Mexico and Texas
  • Various mineral acquisition rights agreements covering lands in Texas
  • 18,000-acre exchange agreement for oil and gas assets in Wyoming
  • $15 million acquisition of surface real estate in the Permian Basin in Texas, with associated grazing and hunting leases, water purchase and use agreement, and surface use agreement
  • Negotiation of $18 million oil and gas lease in East Texas
  • Numerous acreage exchange agreements for oil and gas properties in Texas
  • Lease Exchange Agreement covering oil and gas leases, overriding royalties and fee minerals in the Powder River Basin in Wyoming
  • Various farmout agreements, including several farmout agreements covering lands in the Permian Basin in Texas
  • 17,000-net acre joint exploration and development agreement in East Texas
  • Various development, joint operating, participation and easement agreements
  • $330.5 million acquisition of operated oil and gas assets in North Dakota
  • $275 million divestiture of oil and gas assets and associated midstream assets in Oklahoma and Kansas
  • $118 million lease acquisition and development agreement in Colorado
  • More than 100 transactions with values below $100 million

Commercial Contracts

  • Construction, Maintenance, and Indemnification Agreement for the acquisition and build-out of a pipeline right-of-way in Colorado
  • Various engineering, procurement, construction, operations, and maintenance agreements covering various industries, with some contractual arrangements exceeding $100 million in value
  • Several hundred master service agreements mitigating operational risk for clients in various industries, with a focus on oilfield activities and anti-indemnity statutes
  • Surface use agreements, drilling contracts, confidentiality agreements, offer letters, and plugging agreements

Publications & Presentations

  • Panelist, “Master Service Agreements,” DGS Webinar (October 27, 2020)
  • “Force Majeure Clauses in Your Oil & Gas Leases,” DGS Legal Alert (March 27, 2020)
  • Presenter, “Legal Update” 2015 Fall C.O.P.A.S. National Meeting, Albuquerque, New Mexico


University of Texas School of Law, J.D., 2007

University of Texas at Austin, B.B.A., 2003

Yale Center for Business and the Environment, Financing and Deploying Clean Energy Certificate Program, 2021 (pending)

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