Vince Kendrick Discusses Consolidation in Midstream Oil and Gas Sector
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Merger activity in the midstream oil and gas sector is the subject of a Law360 article in which Akin Gump energy partner Vince Kendrick is quoted.
Kendrick notes there are plenty of investors who are eager to “sink capital” into midstream projects and there is a “tremendous amount of infrastructure that is ripe for consolidation.”
Many master limited partnerships (MLPs), in particular, see consolidation as the next logical step, according to the article. Kendrick says MLPs that acquire other MLPs with the potential for new projects could earn more than those that simply acquire existing assets. This, he adds, will contribute to a very “dynamic” situation.
Akin Gump recently advised Crestwood Midstream Partners LP regarding its $7 billion merger agreement with Inergy, L.P., which was mentioned in the Law360 article. Additional information about that deal can be found here.
To read the full article, please click here.
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