Troutman Pepper Locke Represents Enterprise Products Partners in Acquisition of Occidental Affiliate

HOUSTON – Troutman Pepper Locke represented Enterprise Products Partners (Enterprise), one of North America’s leading providers of midstream energy services, in the acquisition of a natural gas gathering affiliate of Occidental, an international energy company and one of the largest oil producers in the U.S. For more information, see the press release.

Enterprise will acquire Occidental’s affiliate, which owns certain natural gas gathering systems in the Midland Basin, in a debt-free transaction for $580 million in cash consideration. Assets include approximately 200 miles of natural gas gathering pipelines that support Occidental’s production activities in the Midland Basin. With access to more than 1,000 drillable locations, these systems will immediately expand Enterprise’s natural gas gathering footprint in the Midland Basin and provide long-term development visibility.

The Troutman Pepper Locke team that advised Enterprise was led by Terry Radney, Joe Perillo, Rachel Fitzgerald, and David Wilhelm, with additional assistance provided by Shumaila Dhuka, Hunter Summerford, Niha Ali, Buddy Sanders, Andrew P. Nelson, Mackenzie Purvis, Case Towslee, Van Jolas, Jerry Higdon, Elizabeth Guffy, Michelle Gutierrez-Begin, Sara Longtain, Tammi Niven, Geoff Polma, Ed Razim, Chris Verducci, and Brad Weber.

Troutman Pepper Locke’s market-leading energy practice helps clients with their most important and complex matters throughout the U.S. and beyond. Whether electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream companies and service companies, private equity funds, and other public and private corporations. Learn more at energylawinsights.com.

Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.

Troutman Pepper Locke

Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.