HOUSTON – Bracewell LLP advised Holly Energy Partners, L.P. (NYSE: HEP) in the formation of a 50/50 joint venture, Cushing Connect Pipeline & Terminal LLC, with Plains All American Pipeline, L.P. (NYSE: PAA) for: (i) the development and construction of a new 160,000 barrel per day common carrier crude oil pipeline that will connect the Cushing, Oklahoma, crude oil hub to the Tulsa, Oklahoma, refining complex owned by a subsidiary of HollyFrontier Corporation (NYSE: HFC); and (ii) the ownership and operation of 1.5 million barrels of crude oil storage in Cushing, Oklahoma.
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Holly Energy Partners, L.P. lawyers involved in this transaction included:
Vaishali Shah Bhatia (Acting General Counsel) and Matthew H. Marchant (Assistant General Counsel)
Bracewell lawyers involved in this transaction included:
Partners: Jason M. Jean, D. Kirk Morgan II and Dale D. Smith
Associates: Derek A.B. Speck, W. Jared Berg and Jonathan Bates