Williams to Acquire Assets from Trace Midstream
Vinson & Elkins advised Quantum Energy Partners and its portfolio company, Trace Midstream (“Trace”), in the sale of Trace’s Haynesville gathering and processing assets to Williams for a purchase price of $950 million.
The combination of the Trace system with Williams’ existing footprint provides expanded scale in one of the largest growth basins in the country, increasing the company’s gathering capacity in the Haynesville basin from 1.8 Bcf/d to over 4 Bcf/d.
The V&E corporate team was led by partner Matt Falcone with assistance from senior associate Alex Robertson and associates Charlie Fitzpatrick, Zach Parker and Hunter Albritton. Also advising were partner John Lynch and associate Keleigh Carver; counsel Rajesh Patel and associate Alexa Chally; partner Sarah Mitchell and associate Victoria Bahrami-Negad; partner Sean Becker and associate Peter Goetschel; partner Darren Tucker and counsel David Smith; partner Julia Petty; partner Suzanne Clevenger and senior associate Mike Malenfant; partner Prentiss Cutshaw and counsel Carrie Winkler; partner Matt Dobbins and senior associate Rachel Comeskey; and partner Darin Schultz and associate Jyra Bickham.
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 11 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.
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