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Third Coast Midstream Announces Sale of Cushing Crude Oil Storage Business to HCS Holdings

Vinson & Elkins advised Hartree Partners, LP (Hartree) in connection with the announcement by Third Coast Midstream that a subsidiary has completed the sale of its Cushing, OK crude oil storage business (AMID Crude Oil Storage) to HCS Holdings, LLC, an affiliate of Hartree. AMID Crude Oil Storage consists of five crude oil storage tanks with approximately 3.0 MMBbls of storage capacity. The terms of the transaction were not disclosed.

The V&E corporate team was led by counsel Matthew Falcone with associates Kate Rainey Willson and Kara Chung. Also advising were partner John Grand and senior associate Megan Menniti; senior associate Jared Knight and associate Bryant Buechele; partner Matthew Dobbins and senior associate Lindsay Hall; partner Todd Way and associates Christine Mainguy and David Gilbert; and associate Alex Bluebond.

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