Akin Gump Advises Enterprise Products Partners in Joint Venture to Restore Old Ocean Pipeline Service
Contact:
(Houston) – Enterprise Products Partners L.P. and Energy Transfer Partners, L.P. have announced the formation of a 50/50 joint venture to resume service on the Old Ocean natural gas pipeline, which has been essentially idled since 2012. Akin Gump advised Enterprise Products in the matter.
The 24-inch diameter pipeline, which originates at Maypearl, Texas, in Ellis County and extends south approximately 240 miles to Sweeny, in Brazoria County, Texas, is expected to resume service in the second quarter of 2018. ETP will operate the pipeline. Additionally, both parties are in the process of expanding their jointly owned North Texas 36-inch pipeline that will provide more capacity from West Texas for deliveries into the Old Ocean Pipeline. The North Texas Pipeline expansion project is expected to be complete by late fourth quarter of 2018.
The Akin Gump team advising Enterprise Products Partners was led by oil and gas partner Stephen Davis. He was joined by tax partner Alison Chen and senior counsel Monte Jackel; oil and gas partner Eric Muñoz, counsel Cynthia Mabry and Stephen Boone, and associates Allyson Li, Kathlyn Mickan and Niki Roberts; energy regulation, markets and enforcement senior counsel Vera Neinast; and antitrust partner Paul Hewitt.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
# # #
People Mentioned in This News
