Crestwood Announces Divestiture of Marcellus Assets
Vinson & Elkins advised Antero Midstream Corporation (“Antero”) in connection with Crestwood Equity Partners LP’s (“Crestwood”) divestiture of its Marcellus natural gas gathering and compression assets to Antero for $205 million in cash.
These assets located in Doddridge County and Harrison County, West Virginia, comprise a legacy gas system that was acquired in 2012 and was impacted in recent years by Crestwood’s anchor producer focusing development activity on the rich gas window of the Southwest Marcellus Shale.
The V&E team was led by partner Danielle Patterson and senior associate Megan Menniti, with assistance from partner John B. Connally and associates Kara Chung and Vestita Kuntz. Other key team members include partners Lina Dimachkieh and Todd Way and associate Sarah Coe; partner Matt Dobbins and associate Kelly Rondinelli; partners Hill Wellford and Phillip Dye and senior associate Ryan Will; partner Sean Becker and associate Peter Goetschel; partner Shane Tucker, associate Matt Green and senior staff attorney Katherine Mull; associate Joe Higdon; and partner Scott Rubinsky.
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