Enbridge Advances its U.S. Gulf Coast Oil Strategy through Increased Ownership in Gray Oak Pipeline
Vinson & Elkins advised Enbridge Inc. (“Enbridge”) in a joint venture merger transaction with Phillips 66 (“P66”) resulting in a single joint venture holding both Enbridge’s and P66’s indirect economic ownership interests in Gray Oak Pipeline LLC and DCP Midstream LP and an agreement to realign their respective economic and governance interests in the underlying business operations.
The V&E corporate team was led by partner Doug Bland with assistance from senior associate Michael Zarcaro and associates Vestita Kuntz, Kara Chung and Tushar Parashar. The tax team was led by partners Ryan Carney and Gary Huffman with assistance from partner George Gerachis, senior associate Peter Rogers and associate Maddie Brown. Other key team members were partner Sean Becker; partner Brian Bloom and senior associate Missy Spohn; partner Suzanne Clevenger, senior associate Michael Malenfant and associate Ryan Hoeffner; and partner Stephen Gill.
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