Bracewell & Giuliani LLP represented Western Gas Partners, LP in the acquisition of a 20% interest in each of Texas Express Pipeline LLC and Texas Express Gathering LLC, and a 33.33% interest in Front Range Pipeline LLC from Anadarko Petroleum Corporation for $375 million.
Western Gas Partners will finance the acquisition with $350 million on its revolving credit facility, $6 million in cash and the issuance of 308,490 common units to Anadarko. The terms were approved by the board of directors of Western Gas Partner’s general partner and by the board’s special committee for which Bracewell acted as legal advisor.
Bracewell attorneys working on the transaction include:
Partners: Gregory M. Bopp, Troy L. Harder, D. Kirk Morgan II, Gary W. Orloff
Senior Counsel: Scott Sherman
Associates: Elizabeth B. Behncke, Melissa K. Buce