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Energy – Midstream Oil & Gas

Experience Highlights

  • Plains All American Pipeline in its CAD$5.15 billion sale of substantially all of its Canadian natural gas liquids business to Keyera Corp. (pending)

  • Grayson Mill Holdings II, LLC and Grayson Mill Holdings III, LLC in the $5 billion sale to Devon Energy

  • Targa Resources Corp. in connection with its entry into a definitive agreement to acquire Lucid Energy, a company that natural gas gathering, treating and processing services in the Delaware Basin, from Riverstone Holdings and Goldman Sachs Asset Management for $3.55 billion

  • Global Infrastructure Partners in the execution of a definitive agreement with Canadian-based TC Energy to acquire a 40% interest in its Columbia Gas Transmission, LLC and Columbia Gulf Transmission, LLC systems, in a new joint venture, with total proceeds expected to be US$3.9 billion

  • Enbridge Inc. in a joint venture with WhiteWater/I Squared Capital and MPLX LP to develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing LNG and U.S. Gulf Coast demand (pending)

  • Energy Transfer LP in the $1.3 billion sale of its 51% interest in Energy Transfer Canada to a joint venture that includes participation by Pembina Pipeline Corporation and funds managed by KKR

  • Blackstone Infrastructure Partners in its $1.1 billion purchase of equity in Tallgrass Energy from affiliates of Enagas, S.A.

  • Western Midstream Partners in its $2.0 billion acquisition of Aris Water Solutions

  • Tallgrass Energy in its acquisition of Phillips 66’s 25% interest in the Rockies Express Pipeline for an enterprise value of approximately $1.275 billion

  • Enable Midstream in its $7.2 billion merger with Energy Transfer

  • ARM Energy Holdings, a premier infrastructure and energy marketing services firm, in its acquisition of Monument Pipeline from NextEra Energy Partners

  • A BlackRock Diversified Infrastructure fund and a Morgan Stanley Infrastructure Partners fund in their $1.14 billion joint acquisition of the Portland Natural Gas Transmission System from TC Energy Corporation and its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P.

  • VTX Energy Partners, LLC in its acquisition of Delaware Basin Resources and associated surface and water businesses

  • Plains All American Pipeline, L.P. in its $1 billion public offering of investment grade senior notes

  • Harvest Midstream in its acquisition from Ares Management of Paradigm Midstream, which owns certain crude oil, water and natural gas gathering, storage and transportation assets located in North Dakota and South Texas

  • BP Midstream Partners LP in its $765 million initial public offering of common units 

  • Underwriters to Antero Midstream GP LP in its $875 million initial public offering of common units by a selling securityholder

  • Plains All American Pipeline in the formation of Wink to Webster Pipeline, a joint venture with ExxonMobil and Lotus Midstream for a crude oil pipeline in Texas from Wink to Webster

  • Plains All American Pipeline in the formation of Red Oak Pipeline, a 50/50 joint venture with Phillips 66 to develop and operate the approximately $2.5 billion Red Oak Pipeline system 

  • Blackstone Infrastructure Partners in its $3.3 billion acquisition of a controlling interest in Tallgrass Energy and subsequent agreement to purchase all outstanding publicly-held shares

  • SemGroup Corporation in connection with commercial product transportation and construction arrangements for the development, ownership and operation of three new pipelines in the U.S. Gulf Coast region of Louisiana, collectively named the Maurepas Pipelines, with a total capital cost of approximately $500 million 

  • Energy Transfer Partners in the $1.2 billion joint venture with Kinder Morgan to develop a 187-mile interstate natural gas pipeline originating in the Fayetteville shale

  • Underwriters to Shell Midstream Partners, L.P. in its $1.1 billion initial public offering of common units

  • Antero Midstream Partners LP in its $1.15 billion initial public offering of common units