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Summit Midstream Partners, LP Announces Synergistic and Accretive Bolt-on Acquisitions in the DJ Basin

Summit Midstream Partners, LP Announces Synergistic and Accretive Bolt-on Acquisitions in the DJ Basin Background Image

Vinson & Elkins advised Outrigger Energy II LLC and Sterling Investment Holdings LLC in two transactions with Summit Midstream Holdings, LLC (“Summit Midstream”), a wholly owned subsidiary of Summit Midstream Partners, LP.

The firm advised Outrigger Energy II LLC on its execution of a definitive agreement to sell 100% of the equity interests in Outrigger DJ Midstream LLC, including its natural gas gathering and processing and crude oil gathering assets in the DJ Basin, to Summit Midstream.

V&E also advised Sterling Investment Holdings LLC (“Sterling”) in the sale of three wholly-owned subsidiaries, Sterling Energy Investments LLC, a provider of natural gas gathering, compression, processing and treating services in Colorado’s DJ Basin; Grasslands Energy Marketing LLC, a provider of gas marketing services to customers in the oil and gas industry; and Centennial Water Pipelines LLC, a provider of high-volume, high-rate water pipeline delivery services to support E&P activity in the DJ Basin, to Summit Midstream.

The Outrigger team was led by partner Creighton Smith and associate Stuart Lawson, with assistance from counsel Danny McEntee. Also advising were partner David Peck, senior associate Brian Russell and associate Adam Bateman; partner Darin Schultz and senior associate Alex Cross; partner Matt Dobbins and associate Alexis Boyd; partner Sarah Mitchell and associate Alex Turner; partner Sean Becker; partner Shane Tucker and associate Matt Green; counsel Rajesh Patel; partner Randy Jurgensmeyer; partner Hill Wellford, counsel David Smith and Elizabeth McIntyre, senior associates Ryan Will and Brian Howard and associate Rami Rashmawi; partner Damien Lyster and associate Reagan Lutter.

The Sterling team was led by partner Matt Falcone and senior associate Yong Eoh, with assistance from associates Matt Fiorillo and Patrick Reintjes. Also advising were partner Sean Becker and counsel Martin Luff; partner Shane Tucker; partner Brett Santoli, senior associate Maya Bobbitt and associate Joe Kmak; partner David Peck and senior associate Peter Rogers; partner Matt Dobbins and associate Alexis Boyd; partner Darren Tucker and senior associate Ryan Will; partner Sarah Mitchell and associate Alex Turner; counsel Scot Dixon; partner Damien Lyster and senior associate Mike Malenfant; counsel Rajesh Patel and associate Marcus Martinez; and partner Jeff Johnston.

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