HOUSTON – Bracewell represented the Conflicts Committee of the general partner of Western Refining Logistics, LP (NYSE: WNRL), a master limited partnership headquartered in El Paso, Texas, in its acquisition from its sponsor, Western Refining, Inc. (NYSE: WNR), of an approximately 375 mile portion of the TexNew Mex Pipeline between Star Lake, New Mexico in the Four Corners region and T Station in Eddy County, New Mexico and an 80,000 barrel capacity crude oil storage tank in Star Lake, New Mexico. The primary consideration for the assets consisted of $180 million in cash and common units of WNRL. WNRL also issued to WNR a new class of WNRL partnership units in connection with the acquisition.
Bracewell attorneys working on this transaction included:
Partners: W. Cleland Dade, Jason M. Jean, Gregory M. Bopp and Jason B. Hutt
Associates: Lytch Tornow, Mona Cannon, Aaron Carpenter, George D. Fatula and Michael Weller