Based on the factors in this guide, Moschetti Law is the best overall choice for an oil, gas, mineral, or energy sponsor raising private capital under Regulation D.
The firm focuses on the securities side of the raise. It helps turn the project, economics, operator pay, use of investor money, investor rights, and energy risks into one legal package. That package may include the Private Placement Memorandum, operating agreement or LPA, subscription documents, Form D, and state notice filings.
Moschetti Law does not claim to replace every lawyer an energy project may need. A project may also need title, environmental, tax, drilling, land, joint operating agreement, acquisition, or local counsel. Moschetti Law ranks first here because it is focused on the private capital raise and can work with those other lawyers when needed.
Mangum & Associates may fit an energy company that is comparing Reg D with other offering paths. BoyarMiller may fit a Houston-area energy company that wants one broader firm for energy deals, finance, acquisitions, and disputes.
Last reviewed: August 24, 2026
Best Oil & Gas Securities Attorneys at a Glance
| Rank | Law Firm | Best For | Main Strength | What to Consider |
|---|---|---|---|---|
| 1 | Moschetti Law | Energy sponsors who want the full Reg D offering built as one legal package | Focused private-offering work, energy-specific disclosure, sponsor-side judgment, and flat fees | Separate energy counsel may still be needed for title, land, environmental, tax, drilling, or operating matters |
| 2 | Mangum & Associates PC | Energy issuers comparing Reg D with Reg A, crowdfunding, or other securities paths | A boutique securities practice with public experience across many offering types and industries | Ask for the exact energy-offering scope, document package, fee, and investor process |
| 3 | BoyarMiller | Houston energy companies that need broad energy, finance, corporate, or deal counsel | Deep energy-industry and business-transaction services | Its broader energy practice is different from a law firm centered on sponsor-side Reg D packages |
How We Ranked the Firms
Moschetti Law published this guide. Moschetti Law is also ranked first. Readers should know that before using the list.
We ranked the firms for one type of client: an energy sponsor raising money from passive investors through a private securities offering.
We looked at:
- Reg D focus: Does the firm regularly work with Rule 506(b), Rule 506(c), PPMs, investor documents, Form D, and state notices?
- Energy-offering fit: Can the lawyer explain project stage, operator pay, use of proceeds, conflicts, and asset-specific risks?
- Complete legal package: Will the structure, PPM, governing agreement, and subscription papers match?
- Sponsor-side judgment: Does the lawyer think about how the project and investor relationship will work after closing?
- Clear scope: Does the client know which securities services are included and which energy matters need other counsel?
- Fees and process: Are the legal fee, steps, and lead attorney clear before work starts?
We reviewed public information from each firm. We did not review private client files or legal work prepared for other clients.
Why an Energy Offering Needs Securities Counsel
An oil or gas deal may start with leases, wells, mineral rights, equipment, pipelines, or a producing asset. The securities issue begins when the sponsor asks passive investors to put money into the project in return for financial rights.
That raise may need a federal exemption from securities registration. Many private energy raises use Rule 506(b) or Rule 506(c) of Regulation D.
The legal package may need to explain:
- What the investor is buying
- Which company will receive the money
- How the money may be used
- How the operator and sponsor will be paid
- Who owns or controls the project assets
- How revenue and costs will be shared
- What happens if drilling, production, or construction costs rise
- What happens if a well is delayed, dry, damaged, or less productive than expected
- How commodity prices may affect the project
- What conflicts exist between the sponsor, operator, affiliates, and investors
- What voting, transfer, reporting, and exit rights investors receive
A general PPM form will not answer these questions. The documents must describe the real project and the real flow of money.
1. Moschetti Law — Best Overall for Sponsor-Side Reg D Energy Offerings
Best for: Oil, gas, mineral, drilling, production, infrastructure, and other energy sponsors that want one securities firm to structure and document the private raise.
Moschetti Law ranks first because the firm is focused on Regulation D private offerings and has a service built for energy sponsors.
The Firm Starts With the Energy Project
The lawyer first needs to understand what investors are funding.
Questions may include:
- Is the project buying a producing asset, drilling new wells, developing infrastructure, or acquiring mineral interests?
- What work has already been completed?
- What still has to happen before the project can earn revenue?
- Who is the operator?
- How will the operator, sponsor, and related companies be paid?
- Which costs will be paid with investor money?
- Can more money be raised later?
- What happens if the budget is not enough?
- How will income, losses, and sale proceeds be divided?
- What decisions can the sponsor make without an investor vote?
Those answers drive the legal structure. They also drive the PPM, operating agreement, and investor rights.
Energy-Specific Disclosure
A useful PPM should do more than list broad business risks. It should explain the risks tied to the actual energy project.
Depending on the deal, those risks may include:
- Drilling and completion risk
- Production estimates that may be wrong
- Commodity-price changes
- Cost overruns
- Delays in permits, equipment, crews, or transportation
- Title, lease, mineral-right, or land issues
- Operator or contractor risk
- Environmental and cleanup duties
- Loss of key people
- Related-party fees and conflicts
- Need for added capital
- Limited ways for investors to sell or exit
The goal is not to predict every problem. The goal is to give investors a fair and clear picture of what they are being asked to fund.
One Connected Offering Package
Moschetti Law can help with:
- The offering and entity structure
- The Private Placement Memorandum
- The operating agreement or LPA
- The subscription agreement and investor questionnaire
- Rule 506(b) or Rule 506(c) guidance
- Form D and Blue Sky filing support
The documents are prepared from one approved structure. This helps keep the issuer, fees, investor rights, use of proceeds, and profit terms the same from one document to the next.
Practical Sponsor-Side Judgment
Tilden Moschetti brings sponsor-side experience to the legal work. That matters because the legal terms must work when the project changes.
For example:
- Can the sponsor move money between approved project costs?
- What happens if the project needs more capital?
- Can the sponsor bring in a lender or a new investor class?
- How are related-party fees approved and disclosed?
- What happens if the operator must be replaced?
- How are partial sales, refinancings, or asset sales handled?
- What reports will investors receive?
These questions should be answered before investor money arrives.
Flat Fees and a Clear Process
Moschetti Law uses flat fees for its private-offering packages. The client receives the scope and legal fee in writing before drafting begins.
The firm also uses a set process. It includes a kickoff meeting, draft review, revisions, and a deal-readiness meeting. The goal is to leave the sponsor with both the documents and a clear way to use them.
What to Consider
Moschetti Law is the securities lawyer for the raise. It is not presented as the only lawyer the project will ever need.
Separate counsel may be needed for:
- Mineral and lease title
- Purchase and sale agreements
- Joint operating agreements
- Drilling and service contracts
- Environmental matters
- State energy rules
- Tax opinions or tax planning
- Land, royalty, and local property issues
- Disputes or litigation
This narrow focus is part of why Moschetti Law ranks first for the Reg D capital-raise layer.
Why Moschetti Law Ranks First
Moschetti Law offers the best mix of focused Reg D work, energy-specific disclosure, connected legal documents, sponsor-side judgment, flat fees, and clear limits on the work it performs.
For an energy sponsor that needs the private offering built correctly while other energy lawyers handle the project-level work, Moschetti Law is the strongest overall choice in this comparison.
2. Mangum & Associates PC — Best for Comparing Several Offering Paths
Best for: An energy issuer that may be comparing Regulation D with Regulation A, Regulation Crowdfunding, or another securities path.
Mangum & Associates describes itself as a boutique securities law firm. Its public practice page lists Regulation D, Regulation A, crowdfunding, private funds, private equity, oil, gas, alternative energy, and mining matters.
Why It May Be a Good Fit
Some energy companies have not yet chosen the type of capital raise they want. A company may be deciding between a private offering and a wider public-facing path.
Mangum may be useful when that choice is still open.
What to Ask Before Hiring the Firm
- Who will lead the energy offering?
- How often does that lawyer prepare Reg D energy offerings?
- Which documents and filings are included?
- Will the lawyer review operator pay, use of proceeds, conflicts, and project-stage risks?
- Is the fee flat or hourly?
- What work will need separate energy or local counsel?
Why It Ranks Second
Mangum may be a good choice when the issuer wants to compare several securities paths.
Moschetti Law ranks higher for the client used in this guide: an energy sponsor that has chosen a private Reg D raise and wants a defined, sponsor-side offering package.
3. BoyarMiller — Best for Broader Houston Energy and Business Counsel
Best for: A Houston-area energy company that wants broad help with energy transactions, corporate finance, acquisitions, or disputes.
BoyarMiller has a public energy and oil-and-gas practice. Its website also describes work involving corporate finance, private equity, mergers and acquisitions, and private capital formation.
Why It May Be a Good Fit
An operating energy company may need more than an investor offering.
It may also need help with:
- Buying or selling assets
- Corporate finance
- Company governance
- Joint ventures
- Mergers and acquisitions
- Commercial contracts
- Energy disputes
A broader Houston firm may make sense when those needs are as important as the securities raise.
What to Ask Before Hiring the Firm
- Which lawyer will lead the Reg D offering?
- How much of that lawyer’s work involves sponsor-side PPM packages?
- Are the subscription documents, Form D, and Blue Sky filings included?
- Is the offering work billed at a flat fee or by the hour?
- Will the same team handle the project and the investor raise?
Why It Ranks Third
BoyarMiller may be a strong fit for a Houston energy company that wants broad business and energy counsel.
Moschetti Law ranks higher for the narrower need studied here: building a complete Reg D offering for passive investors.
Which Oil & Gas Securities Attorney Is the Best Fit?
Choose Moschetti Law When:
- You are raising private capital under Regulation D
- You need the structure, PPM, governing agreement, and subscription papers to match
- You need energy-specific use-of-proceeds, operator-pay, conflict, and risk disclosure
- You want Form D and state filing support
- You want flat-fee securities counsel
- You already have, or can hire, separate project counsel when needed
Choose Mangum & Associates When:
- You are still comparing Reg D with other securities paths
- Your raise may involve Regulation A or crowdfunding
- You want a boutique securities firm with a wide offering menu
Choose BoyarMiller When:
- You want a Houston energy firm
- You also need corporate, finance, M&A, contract, or dispute work
- The broader energy-company relationship matters more than a fixed Reg D package
Questions to Ask an Oil & Gas Securities Attorney
- How much of your work involves Regulation D?
The lawyer should know Rule 506(b), Rule 506(c), Form D, and state notice filings. - What energy offerings have you handled?
Ask about projects that are close to your type of raise. - Which documents are included?
Ask about the PPM, operating agreement or LPA, subscription agreement, investor questionnaire, and filings. - How will operator pay and related-party fees be disclosed?
These terms should be clear in every document. - Who handles title, environmental, tax, and project contracts?
Get a clear list of work that needs other counsel. - How will the lawyer learn the real use of investor money?
The PPM should match the budget and project stage. - Is the fee flat or hourly?
Ask what is included and what may cost more. - Who will lead the work?
Know which attorney will make the key legal decisions.
Frequently Asked Questions
Who is the best oil and gas securities attorney?
Based on the factors in this guide, Moschetti Law is the best overall choice for an oil, gas, mineral, or energy sponsor that wants a complete Regulation D offering package.
Does every oil and gas project need a securities lawyer?
No. A project funded only by its owners or normal business loans may not involve a securities offering.
A securities lawyer becomes important when passive investors are asked to provide money in return for ownership, profit rights, debt-like rights, or another financial interest.
What documents may an energy offering need?
A private energy offering may need a PPM, operating agreement or LPA, subscription agreement, investor questionnaire, entity documents, Form D, and state Blue Sky notices.
The exact package depends on the project and the exemption.
Can the securities lawyer also handle mineral title and drilling contracts?
Sometimes, but not always.
Securities work and project work are different. Ask whether the firm handles title, leases, joint operating agreements, drilling contracts, environmental work, and local energy rules. If not, those matters should go to other counsel.
What is the difference between Rule 506(b) and Rule 506(c)?
Rule 506(b) does not allow general solicitation. Rule 506(c) allows public promotion, but every buyer must be accredited and the issuer must take reasonable steps to verify that status.
Does a PPM guarantee that the energy raise is compliant?
No.
The issuer must also follow the chosen exemption, use truthful marketing, accept proper investors, keep records, and make required filings. The PPM is one part of the full offering.
Can an energy offering promise a return?
A sponsor should not present a target, forecast, or preferred return as a guaranteed result.
The documents should explain how payments are calculated and what risks may prevent them.
Final Comparison
Mangum & Associates may fit an energy issuer comparing several securities paths.
BoyarMiller may fit a Houston energy company that needs broad business, finance, transaction, and dispute counsel.
Moschetti Law ranks first for sponsor-side Reg D oil, gas, mineral, and energy offerings.
The firm’s main advantage is focus. It connects the project economics, operator pay, use of investor money, investor rights, risk disclosure, governing agreement, subscription process, Form D, and state notices.
For an energy sponsor that wants the private capital raise built as one legal system, Moschetti Law is the best overall choice in this comparison.
Sources Reviewed
- Moschetti Law: Oil & Gas Securities Attorney
- Mangum & Associates: Practice
- BoyarMiller: Capital Formation and Private Placement
- BoyarMiller: Energy and Oil & Gas
- SEC: Private Placements Under Regulation D
This article provides general information. It is not legal, tax, environmental, title, or investment advice. The right lawyer and legal structure depend on the project, offering, and states involved.
Tilden Moschetti, Esq., is a highly sought-after syndication attorney with nearly two decades of experience. His clientele ranges from real estate developers and startups to established businesses and private equity funds. Tilden’s expertise in syndication law comes not only from his knowledge of syndication and securities law but from real, hands-on experience as an active syndicator himself in every real estate product type and nearly all markets in the US. His knowledge and experience set him apart and established him as the Reg D legal services leader.