Vinson & Elkins advised Spire Midstream LLC in connection with the sale of Belle Butte LLC for a total consideration of approximately $650,000,000 to an affiliate of I Squared Capital. Through its subsidiaries, Belle Butte owns natural gas storage assets in Wyoming and Oklahoma. These assets include Spire Storage West, located in southwestern Wyoming and consisting of two storage fields certificated to provide up to 55 Bcf of working gas capacity to customers primarily in the western United States, and Spire Storage Salt Plains, located in north central Oklahoma and providing up to 17 Bcf of working gas capacity to serve markets in the midcontinent and midwestern United States.
The Vinson & Elkins team was led by Partners Caroline Kuehn and Chris Rowley and Counsel Michael Zarcaro, with assistance from Senior Associate Vestita Zumot and Associates Destiny Alliniece and Ishaan Golding. Also assisting were Partner Ryan Carney, Senior Associate Adam Bateman, and Associate Claire Gorman; Partners Matt Dobbins and Jenn Cornejo and Associate Jacob Baltzegar; Partners Jay Seegers and Suzanne Clevenger and Associates Reagan Lutter and Carrigan English, Partners Becky Baker and David D’Alessandro, Counsel Missy Spohn and Heather Reynolds Johnson, and Associate Madeline O’Neill; Partner Sarah Mitchell, Counsel Alexander Baker, and Senior Associate Victoria Bahrami-Negad; Partners Hill Wellford and Kara Kuritz and Associates Ryan Will and Adam Thomas; Partner Caitlin Lawrence, Associate Kaylin Ervin, and Counsel Ken Adler; Partner Tigist Kassahun and Associates Sean Dao, Anthony DeLauro, and Oscar Miller.
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