DTE Midstream Acquires Haynesville Midstream Assets from Momentum Midstream, Indigo Natural Resources
Vinson & Elkins advised Momentum Midstream in a transaction whereby DTE Midstream, a non-utility business of DTE Energy, will acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for a purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020, from Momentum Midstream and Indigo Natural Resources, the primary gas producer supplying the system.
The V&E corporate team was led by partner Danielle Patterson, with partner Keith Fullenweider, senior associate Jeannie Poland and associate Torie Berkowitz. Also advising were partners Todd Way and John Lynch and associates Brian Russell and Miron Klimkowski; partner Sean Becker and senior associate Christie Alcalá; partners Stephen Jacobson and Brian Bloom and senior associate Mary Daniel Morgan; partner Larry Nettles; counsel Damien Lyster and associate Andrew DeVore; partners Hill Wellford, Neil Imus and Craig Seebald and associates Ryan Will and Morgan Kelley; counsel Sarah Mitchell; partner David Wicklund and associate Caitlin Snelson; partners Doug Bland and Mark Brasher and associates Stephanie Coco, Megan Menniti, Jack Moxon, Tukeni Obasi and Louise Fischel-Bock; and senior associate Austin March and associate Ted Belden.
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