• Represented Buckeye Partners, L.P. in the commercial contracting of U.S. Gulf Coast crude oil and condensate storage and processing assets with a global commodity trading and logistics firm.
• Represented a publicly traded midstream company in negotiations for the development, ownership and operation of a long-haul petroleum pipeline through an undivided joint interest ownership structure.
• Represented Neste Corporation in its $1 billion investment in a renewable diesel joint venture with Marathon Petroleum.
• Represented a publicly traded midstream company in an investment bank-led auction process to submit a bid to acquire a $1 billion+ crude oil gathering, pipeline transportation and terminals business.

Representative matters at Magellan included:

• Sale to Buckeye Partners, L.P. of 26 refined products inland terminals located primarily in the Southeastern United States for $435 million.
• Sale to a global private equity company of a near 25% membership interest in MVP Terminalling refined products marine terminal joint venture for $270 million and related restructuring of such joint venture.
• Sale to Buckeye Partners, L.P. of refined products marine terminals located in New Haven, CT, Wilmington, DE and Marrero, LA for $250 million.
• Seabrook Logistics joint venture with LBC Terminals to construct, own and operate an approximately $500 million crude oil marine export terminal and related pipeline assets in Houston, TX Gulf Coast area.
• BridgeTex Pipeline joint venture with Occidental Petroleum to construct, own and operate a 440-mile crude oil pipeline from the Permian Basin in Texas to the Houston, TX Gulf Coast area.
• Restructuring of BridgeTex Pipeline joint venture to effect the sale of Occidental Petroleum’s 50% membership interest to Plains All-American for $1.1 billion; acquisition by Magellan of BridgeTex’s 40-mile pipeline system in the Houston, TX Gulf Coast area for $75 million.
• Joint sale with Plains All American to Ontario Municipal Employees Retirement System of a combined 50% membership interest in BridgeTex Pipeline joint venture for $1.4 billion.
• Saddlehorn Pipeline joint venture with Plains All-American to construct, own and operate a 660-mile crude oil pipeline from the DJ Basin in Colorado to Cushing, OK.
• Sale to Anadarko Petroleum of a 20% membership interest in Saddlehorn Pipeline joint venture and related restructuring of such joint venture.
• Conversion of Saddlehorn pipeline system to an undivided joint interest ownership structure with an affiliate of NGL Energy Partners acquiring an approximately 45% interest in the system.
• Expansion of Saddlehorn pipeline system, long-term re-contracting with Saddlehorn anchor shippers and joint sale with Plains All-American to an entity controlled by Noble Midstream Partners of a combined 20% membership interest in Saddlehorn Pipeline joint venture for $155 million.
• Construction of approximately $300 million condensate splitter and related terminal assets in Corpus Christi, TX, supported by long-term Tolling Agreement with Trafigura AG as sole off-take counterparty.
• HoustonLink Pipeline joint venture with TransCanada to construct, own and operate an approximately $50 million crude oil pipeline in Houston, TX Gulf Coast area.
• Acquisition from a pipeline transportation company of West Columbia pipeline in Houston, TX Gulf Coast area.
• Agreement with Intercontinental Exchange, Inc. (ICE) and Enterprise Products Partners L.P. to establish a new Midland WTI American Gulf Coast joint crude oil physical futures contract (HOU) deliverable at Magellan’s East Houston (MEH) terminal or Enterprise’s Crude Houston (ECHO) terminal.
• Agreement with Intercontinental Exchange, Inc. (ICE) to establish a crude oil storage futures program and a crude oil physical futures contract (HOU) deliverable at Magellan’s East Houston (MEH) terminal.
• Numerous investment bank-led auction processes to buy and sell interests in various midstream infrastructure assets, including crude oil gathering and transportation systems, long-haul pipelines and inland and marine terminals facilities, with individual deal values in excess of $1 billion.

Prior to his work at Magellan, his representative matters in private practice included:

• Represented an Oklahoma-based oil and gas production and exploitation company in over $2 billion of public debt offerings and related exchange offers, tender offers and
• Represented an Oklahoma-based oil and gas production and exploitation company in a $345 million private placement of its common stock to a private equity fund.
• Represented an Oklahoma-based oil and gas production and exploitation company in the divestiture of its electric submersible pump, chemical and supply divisions in a series of transactions with multiple counterparties.
• Represented an Oklahoma-based publicly traded oil and gas exploration and production company in debt and equity financing matters.
• Represented The Oklahoma Publishing Company in its acquisition of a controlling equity interest in Pavestone Company, a national manufacturer of concrete landscaping products.
• Represented a physician-owned surgical hospital in its reorganization and sale to a national operator of ambulatory surgical centers and surgical hospitals.
• Represented a privately held Oklahoma auto parts distributor in its acquisition of a powertrain parts and accessories distribution business in North Carolina and Virginia.
• Represented a public university in a public-private partnership (PPP) to implement a long-term operations and management arrangement for its utilities assets.
• Represented the shareholders of a California-based manufacturer of casino games in the sale of all the company’s stock to a publicly traded Canadian company.
• Represented a publicly traded company in its acquisition of a multi-state sleep disorder business.
• Represented the shareholders of an Oklahoma-based industrial supply distribution company in the sale of the corporation to a private equity fund.
• Represented a food industry company in the acquisition of all assets associated with two large food processing plants.

* List includes matters completed prior to Akin.