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Plains All American Executes Definitive Agreements for $850M Sale of Natural Gas Storage Assets to Hartree Partners

Plains All American Executes Definitive Agreements for $850M Sale of Natural Gas Storage Assets to Hartree Partners Background Image

Vinson & Elkins advised Plains All American (“Plains”) in connection with definitive agreements whereby Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree Partners, LP for a total cash consideration of $850 million.

The V&E corporate team was led by partner Doug Bland with assistance from senior associate Caroline Kuehn and associates Ryan Logan, Alyssa Allen and Abby Branigan. Also advising were partner John Lynch and senior associate Christine Mainguy; counsel Sarah Mitchell; partner John Decker and counsel Christopher Terhune; partner Tom Wilson and senior associate Alex Bluebond; partner David D’Alessandro and associates Mary Daniel Morgan and Maddison Riddick; partner Larry Nettles; partner Darren Tucker and senior associate Ryan Will; partner David Wicklund; and senior associate Jared Knight.

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For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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