Bracewell Represents Financial Advisor to Conflicts Committee in Shell Midstream Partners, L.P.’s Agreement to Acquire Additional Interests in Explorer and Colonial Pipelines

HOUSTON – Bracewell LLP represented Evercore, financial advisor to the Conflicts Committee of the Board of Directors of the general partner of Shell Midstream Partners, L.P., in connection with the partnership’s agreement to acquire Shell’s 25.97 percent equity interest in Explorer Pipeline Company and 10.125 percent equity interest in Colonial Pipeline Company for $800 million. The acquisition will increase Shell Midstream Partners’ interest in Explorer to 38.59 percent and in Colonial to 16.125 percent.

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Bracewell lawyers involved in this transaction include:

Partner: Will Anderson

Associate: Benjamin J. Martin