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. Hemli, Elizabeth L. McGinley, Gray H. Muzzy, and Heather Palmer
Associates: Kate Champion and Vivian Y. Ouyang