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Bracewell Represents Chevron Pipe Line Company in $295 Million Sale of Evangeline Ethylene Pipeline System

Bracewell & Giuliani LLP is representing Chevron Pipe Line Company in the sale of Chevron Petrochemical Pipeline LLC, which owns the Evangeline ethylene pipeline system for $295 million, to Boardwalk Pipeline Partners, LP.  

The Evangeline system is a 176-mile interstate pipeline capable of transporting approximately 2.6 billion pounds of ethylene per year and is supported by long-term, fee-based contracts. 

The transaction is expected to close in the fourth quarter of 2014.

Bracewell attorneys involved in this transaction include:

Partners: G. Alan Rafte, Daniel E. HemliElizabeth L. McGinley, Gray H. Muzzy, and Heather Palmer

Associates: Kate Champion and Vivian Y. Ouyang