The oil and gas midstream business is a primary focus at Bracewell. In 2018 alone, our lawyers represented clients in 10 of the 16 announced long-haul Permian to Gulf Coast pipelines. We are unique in our depth and breadth of experience in all aspects of the midstream sector. As a result, we are able to efficiently provide comprehensive legal advice to midstream businesses and investors. Our large midstream team includes practitioners with experience in the US and across the globe in the development, regulation, ownership, operation, acquisition and disposition of gas and liquids pipelines, gathering systems, storage and processing facilities, terminals, and LNG facilities. We cover the complete midstream life-cycle, from project development, permitting, financing and construction through operations, sales and purchases of midstream assets and companies, and ultimately through the abandonment and satisfaction of the related regulatory requirements. Our experience includes environmental permitting, compliance and incident management and defense; precedent agreements and other storage, processing, gathering and throughput agreements; tariffs and ongoing regulatory compliance; antitrust analysis and compliance; and government relations to influence policy and facilitate regulatory approvals. In addition, in the US, we routinely support clients before Congress, FERC, PHMSA, EPA, OSHA and other federal and state regulatory agencies.
Recent Notable Matters
TC Energy Corporation — US counsel in connection with the Government of Alberta’s $1.1 billion equity investment and $4.2 billion loan guarantee to support construction of the Keystone XL crude oil pipeline
Phillips 66 — formation of 50/50 joint venture, Bluewater Texas Terminal LLC, with Trafigura Group Pte. Ltd. to develop an offshore deepwater port project in the Port of Corpus Christi
Anadarko Moçambique Area 1, Limitada — multiple aspects of the multi-train $15 billion+ Mozambique LNG export project, including on the complex unitization of straddling reservoirs and the development of common facilities
Kinder Morgan, Inc. and Kinder Morgan Canada Limited — counsel to KMI in its $1.546 billion sale of the US portion of the Cochin Pipeline to Pembina Pipeline Corporation and US counsel to KML in concurrent sale of all outstanding KML common equity to Pembina
TC Energy Corporation — approximately $1.275 billion sale of US midstream assets held by its subsidiary, Columbia Midstream Group, to a subsidiary of UGI Corporation
Holly Energy Partners, L.P. — formation of a 50/50 joint venture, Cushing Connect Pipeline & Terminal LLC, with Plains All American Pipeline, L.P. for the purpose of owning and operating a crude oil terminal in Cushing, Oklahoma and constructing, owning and operating a crude oil pipeline from Cushing, Oklahoma to Tulsa, Oklahoma
COG Operating LLC, subsidiary of Concho Resources Inc. — sale of produced water assets in the southern Delaware Basin to WaterBridge Resources LLC
Halcón Resources Corporation — $325 million divestiture of all water infrastructure assets across the Delaware Basin to a subsidiary of WaterBridge Resources LLC
Apache Corporation — creation of $3.5 billion midstream company with Kayne Anderson Acquisition Corp., forming the only publicly traded, pure-play Permian Basin midstream company that is a C-corporation
Harvest Midstream Company — $1.125 billion acquisition from Williams Partners L.P. of certain assets in the Four Corners area, including over 3,700 miles of pipeline, two gas processing plants and a CO2 treating facility
Alinda Capital Partners — sale of NorTex Midstream Partners, LLC, a company owned by funds managed by Alinda that own Texas gas storage facilities, to a subsidiary of Castleton Commodities International LLC
Apache Corporation— execution of a long-term agreement with Enterprise Products Partners L.P., committing 100 percent of its Alpine High natural gas liquids to Enterprise and the grant to Apache for an option for a 33 percent equity stake in the Enterprise Shin Oak pipeline
Apache Corporation — strategic partnership with EPIC Midstream Holdings, LP and Noble Energy Inc. to develop the EPIC Crude Oil Pipeline, including transportation service agreements, tariffs and related regulatory matters
Evercore Partners — advisor to the Board of Directors of Targa Resources GP LLC and the Special Committee and Conflicts Committee of the Board of Directors of Targa Resources GP LLC in the $5.8 billion acquisition of Atlas Pipeline Partners LP by Targa Resources Partners LP
HPS Investment Partners, LLC and Kingfisher Midstream, LLC — merger agreement between Kingfisher, Silver Run Acquisition Corporation II and Alta Mesa Holdings, LP to combine and form Alta Mesa Resources, Inc.
Kinder Morgan, Inc. — investment between Kinder Morgan Texas Pipeline LLC, DCP Midstream, LP and an affiliate of Targa Resources for the $1.7 billion Gulf Coast Express Pipeline Project, designed to transport up to 1.92 billion cubic feet per day of natural gas
Kinder Morgan, Inc. — construction, operation and ownership arrangements for the Permian Highway Pipeline, a joint venture among affiliates of Kinder Morgan, Inc. and EagleClaw Midstream Ventures, LLC, a portfolio company of Blackstone Energy Partners of a 430 mile, 2.0 billion cubic feet per day natural gas pipeline from Waha in the Texas Permian Basin to Katy, Texas
Phillips 66 — structuring and negotiation of its transaction with DCP Midstream LP whereby DCP acquired an option to purchase up to a 30 percent ownership interest in the company's new fractionators under construction at its expanded Sweeny Hub
Phillips 66 Partners LP — joint venture construction and operating agreements with Andeavor and an equity option with Canadian midstream company Enbridge Inc. in relation to the Gray Oak Pipeline, LLC joint venture, and in a joint venture with Buckeye Partners LP to develop the new South Texas Gateway Terminal at the mouth of Corpus Christi Bay
SemGroup Europe Holding L.L.C. — sale of SemLogistics Milford Haven Limited, a petroleum terminal and storage business located in South Wales, to Valero Logistics UK Limited, a subsidiary of Valero Energy Corporation
Cheniere Energy, Inc. — formation of a joint venture with EIG Global Energy Partners for the development of the Midship pipeline project, an approximately 200 mile, 36-inch, FERC-regulated natural gas pipeline with capacity of up to 1,400 MMcf/day from the Scoop/Stack plays in Oklahoma to Bennington, Oklahoma
Kinder Morgan, Inc. — sale of 49 percent equity interest in Elba Liquefaction Company, L.L.C. to EIG Global Energy Partners
Pembina Pipeline Corporation — CAD$9.7 billion combined cash and stock acquisition of Veresen Inc.
Alinda Capital Partners, LLC and GE Energy Financial Services, Inc. — $1.89 billion agreement to sell SourceGas Holdings LLC to Black Hills Corp.
Castleton Commodities International LLC — acquisition of over 160,000 net acres of leasehold and midstream assets in East Texas for more than $1 billion from subsidiaries of Anadarko Petroleum Corporation for properties in the Cotton Valley, liquids-rich Middle Bossier and Haynesville shales and related midstream assets including a high-pressure gathering system and water and condensate infrastructure system that collectively consisted of over 750 miles of pipeline