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EagleClaw Midstream Announces Acquisition of Caprock Midstream

Vinson & Elkins advised Caprock Midstream Holdings (Caprock) in a transaction whereby EagleClaw Midstream will acquire Caprock from Energy Spectrum Capital and Caprock Midstream Management for $950 million plus pre-closing adjustments.

Caprock has developed gas gathering, gas processing, oil gathering and water gathering and disposal assets in the Delaware basin.

The V&E corporate team was led by partners Mike Saslaw and John Grand and associates Robert Hughes, Robert Stelton-Swan and KJ Pedersen. Also advising were partner David Peck and associate Megan James; partner Shane Tucker and counsel Katherine Mull; partner Sean Becker; counsel Scot Dixon; partner Larry Nettles and senior associate Matt Dobbins; counsel Damien Lyster; partner Tzvi Werzberger; partner Billy Vigdor; and partner Peter Mims.

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