Kinder Morgan and EagleClaw Announce Final Investment Decision on Permian Highway Pipeline Project
Vinson & Elkins advised EagleClaw Midstream Ventures, LLC, a portfolio company of Blackstone Energy Partners, in the execution of definitive joint venture agreements with Kinder Morgan Texas Pipeline LLC, a subsidiary of Kinder Morgan, Inc., to proceed with the Permian Highway Pipeline Project (PHP Project) after having secured sufficient firm transportation agreements with shippers.
The approximately $2 billion PHP Project will provide an outlet for increased natural gas production from the Permian Basin to growing market areas along the Texas Gulf Coast.
The V&E corporate team was led by partner Keith Fullenweider and senior associates Danielle Patterson and Benji Barron, with assistance from associates Yong Eoh and Michael Zarcaro. Also advising were counsel Damien Lyster; and partner John Lynch and associate Brian Russell.
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