ONEOK Acquires Remaining Interest in Delaware Basin JV
Vinson & Elkins advised NGP Energy Capital Management in connection with NGP XI Midstream Holdings, L.L.C.’s sale of its 49.9% interest in Delaware G&P LLC, a midstream joint venture with EnLink Midstream Operating, LP (“EnLink”), to EnLink, a subsidiary of ONEOK, Inc., for a mix of stock and cash consideration valued at $940,000,000.
The Vinson & Elkins team was led by partners Matt Strock and Caroline Kuehn and senior associate Jennifer Rainey Singh, with assistance from partner Jackson O’Maley and associates Tate Shaw, Michael Gassman and Shelby Shearer. Other key team members include partners Brian Russell and David Peck; and partner Kara Kuritz and counsel Ryan Will.
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