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Energy – Downstream Oil & Gas

Vinson & Elkins works closely with oil and gas refiners, petrochemical companies, trading houses, investors, and lenders to downstream participants around the world. From environmental and regulatory concerns to a full spectrum of transactional and corporate advice, V&E lawyers have a detailed understanding of the market conditions that affect the downstream sector.

V&E projects lawyers are well regarded for their development and finance work, receiving several recent accolades on international downstream projects involving unique performance guarantee arrangements and complex financing arrangements. V&E represents sponsors, consortia and project companies, and lenders, as well as a variety of counterparties, including feedstock providers, offtakers, EPC contractors, and licensors.

V&E has in recent years worked on groundbreaking transactions. Our lawyers have significant experience in mergers, acquisitions, joint ventures and investments in the refining and petrochemicals sector. We advise downstream clients in their initial public offerings (including master limited partnerships) and follow-on debt and equity offerings, in addition to providing corporate governance and securities advice to both public and private companies.

  • Sixth Street Partners in the acquisition of membership interests in a liquefied propane gas terminal located in New Hampshire

  • U.S. Oil & Refining Co.’s private equity sponsor in its $358 million divestiture of U.S. Oil & Refining Co. and certain affiliated entities, including a refinery, marine terminal, a rail loading terminal and refined product and crude oil storage, to Par Pacific Holdings 

  • Western Refining in the $2.4 billion take private of Northern Tier Energy, an independent downstream energy company with refining, retail and logistics operations

  • A large international energy company in the formation of a 50/50 joint venture and the development of an ethylene cracker with an estimated capacity of 544,000 metric tons/yr (1.2 billion lbs/year); the project is anticipated to have a capital cost of approximately $1.5 billion

  • Dyno Nobel Inc. in all aspects of the development of an $850 million anhydrous ammonia plant in Louisiana, one of the first ammonia plants to be built in the United States in twenty years

  • PetroLogistics in the $2.1 billion sale of the company, owner and operator of a propylene facility, to Flint Hills Resources, a subsidiary of Koch Industries

  • Gulf Coast Ammonia as project counsel in the development and financing of a world-scale ammonia project in Texas 

  • CVR Refining, LP in its $690 million initial public offering of common units

  • Alon USA Partners, LP in its $184 million initial public offering of common units

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