Energy Transfer to Acquire Woodford Express, LLC for $485 Million
Vinson & Elkins advised Quantum Energy Partners and its portfolio company, Woodford Express Partners, LLC, in its entry into a definitive agreement for the sale of Woodford Express, LLC to Energy Transfer LP (“Energy Transfer”).
Woodford Express, a Mid-Continent gas gathering and processing system, is located in the heart of the SCOOP play and has 450 MMcf per day of cryogenic gas processing and treating capacity and over 200 miles of gathering and transportation lines, which are connected to Energy Transfer’s pipeline network. The transaction is expected to close by the end of the third quarter, subject to regulatory review and other customary closing conditions.
The V&E corporate team was led by partner Matt Falcone, senior associate Alex Robertson and associate Charlie Fitzpatrick with assistance from associates Zach Parker and Hunter Albritton. Also advising were partner John Lynch and associate Keleigh Carver; counsel Rajesh Patel and associate Alexa Chally; partner Sean Becker and associate Peter Goetschel; partner Darren Tucker, counsel David Smith and associate Ryan Will; partner Shane Tucker and associate Matt Green; partner Suzanne Clevenger and senior associate Mike Malenfant; partner Prentiss Cutshaw and counsel Scot Dixon; and partner Matt Dobbins and senior associate Rachel Comeskey.
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