Enterprise to Acquire Natural Gas Gathering Systems in $1.2 Billion Deal
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(Houston, Texas) – Enterprise Products Partners L.P. (NYSE:EPD) today announced that it has executed definitive agreements to purchase two natural gas gathering and treating systems from subsidiaries of M2 Midstream LLC in a negotiated transaction for approximately $1.2 billion.
Enterprise Vice President and General Counsel Stephanie Hildebrandt and Assistant General Counsel JoAnn Russell were assisted in the transaction by Akin Gump Strauss Hauer & Feld LLP energy and global transactions partners David P. Elder and John Goodgame and associates Sarah K. Duddy and Matthew A. Martinez. The Akin Gump team also included partners John V. Jansonius (labor and employment), David H. Quigley (environmental), W. Thomas Weir (tax) and Rolf Zaiss (ERISA); senior counsel Mark T. Mitchell (real estate) and Vera Callahan Neinast (regulatory); and associate Fredricka S. Dorroh (environmental).
Houston-based Enterprise Products Partners L.P. is the largest publicly traded partnership and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 800 lawyers in the United States, Europe, Asia and the Middle East.
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