Midstream Oil & Gas
Akin is a global elite energy law firm advising on complex mergers & acquisitions (M&A), dispositions, joint ventures (JV), investments, capital markets and finance transactions worldwide. We have served as longtime counsel to leading public & private midstream companies and investors in the sector, as well as buyers and sellers of midstream oil & gas assets.
Our midstream team has been at the forefront of transactions involving many of the most successful pipeline projects in the U.S. and around the world, assisting clients with key legal and commercial issues to help the midstream space prosper.
Leveraging decades of deep experience in the master limited partnership (MLP), commodity marketing and trading, and upstream & downstream sectors, we help clients innovate with creative contract structuring and a global markets perspective that encapsulate the entire value chain.
We also bring energy regulatory prowess and connections in Washington, D.C. to midstream projects, navigating Federal Energy Regulatory Commission (FERC) demands on exports, and interstate and intrastate pipelines, as well as a deep pool of financial restructuring practitioners widely regarded as thought leaders on bankruptcy-related midstream matters.
We offer full support to midstream clients across the life cycle of a transaction, including advising on:
- Traditional M&A and acquisitions & divestitures (A&D)
- Acquisition financing, deal structuring, negotiations and due diligence
- Regulatory approvals
- Meeting carbon reduction goals and diversifying asset portfolios
- Liability management considerations
- Lobbying & public policy
- Formation of JVs
- Going-private transactions.
Representative Matters
- Advised Tug Hill and its affiliates in connection with Chesapeake Energy Corporation’s $2-billion acquisition of a natural gas pipeline company and associated non-operated interests held by affiliates of Tug Hill.
- Represented Evercore Group as the financial advisor to the special committee of the board of directors of DCP Midstream GP LLC on the $3.8-billion acquisition by Phillips 66 of all of the publicly held common units of DCP Midstream LP.
- Advised Rattler Midstream Operating in the sale of all of its 43% membership interest in OMOG JV LLC for $225 million.
- Counseled Spire in its agreement to acquire MoGas Pipeline, an interstate natural gas pipeline, and Omega Pipeline, a connected gas distribution system, from CorEnergy Infrastructure Trust Inc., for $175 million.
- Assisted Enterprise Products Partners in forming a JV with Apache Corporation to own the Shin Oak liquids pipeline.
- Represented Diamondback Energy in the formation of its strategic JV with Five Point Energy, Deep Blue Midland Basin, which creates the largest independent water infrastructure platform in the Midland Basin.
- Counseled Rattler Midstream in its formation of a JV with a private affiliate of an investment fund and in the JV’s acquisition of a majority interest in a Midland Basin gas gathering and processing company from West Texas Gas Inc. and its affiliates.
- Acted as counsel to the debtor and its affiliate, a diversified midstream business operating in the Gulf Coast, in restructuring more than $364 million of unsecured notes, which involved an out-of-court exchange, tender offer and solicitation of votes on a prepackaged plan of reorganization.
- Advised Rattler Midstream in its $765-million (NASDAQ) initial public offering (IPO) of common units in an Up-C structure.
