Targa Resources Corp. to Acquire Lucid Energy for $3.55B
Vinson & Elkins advised Targa Resources Corp. (“Targa”) in connection with the acquisition by a wholly-owned subsidiary of Targa of Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55 billion.
Lucid provides natural gas gathering, treating and processing services in the Delaware Basin, including approximately 1,050 miles of natural gas pipelines and approximately 1.4 billion cubic feet per day of cryogenic natural gas processing capacity in service or under construction located primarily in Eddy and Lea counties of New Mexico.
The V&E corporate team was led by partners Christopher Collins and Benji Barron and associate Charlie Fitzpatrick, with assistance from associates Tushar Parashar, Chandler Spinks and Cole Leveque. Also advising were partner Sarah Mitchell and associate Victoria Bahrami-Negad; partners David Wicklund and Darin Schultz and senior associate Caitlin Snelson; partner Darren Tucker and senior associate Ryan Will; partners James Meyer and Ryan Carney and senior associate Brian Russell; partner David D’Alessandro, senior associate Missy Spohn and associate Matt Green; partner Tom Wilson and counsel Alex Bluebond; senior associate Megan Menniti and associates Zach Parker, Brian Broussard, Kene Obi and Sebastien Devora; counsel Larry Pechacek and associate Kevin Moscon; partner Damien Lyster and associate Reagan Lutter; counsel Rajesh Patel and associate Ricky Legg; partner Thomas Zentner, senior associate Stancell Haigwood and associates Nathaniel Richards and John Frey; and partner Prentiss Cutshaw and senior associate Ken Adler.
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