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.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.