Vinson & Elkins Advises Kinetik Holdings Inc. in Sale of Its Equity Interest in EPIC Crude Holdings, LP
Vinson & Elkins LLP advised Kinetik Holdings Inc. (NYSE: KNTK) in its sale of its 27.5% equity interest in EPIC Crude Holdings, LP to a wholly owned subsidiary of Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) for approximately $500 million in net upfront cash and an additional $96 million contingent cash payment due upon a final investment decision on a capacity expansion project.
The Vinson & Elkins corporate team was led by partner Robert Hughes and senior associates David Lassetter and Chandler Jones, with assistance from associates Terrence Ogren and Shiyuan Wang. Also advising were partners Brian Russell and John Lynch and associate Paige Melton; partners Hill Wellford and Evan Miller; partners Jennifer Cornejo and Matthew Dobbins and associate Alexis Boyd; and partner Shane Tucker and associate Matthew Green.
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 13 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 connect with us on LinkedIn.
For more information, please speak with our media contacts.