On September 29, 2014, the EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together “EnLink”), announced that a subsidiary of the Partnership signed a definitive agreement with Chevron Pipe Line Company and Chevron Midstream Pipelines LLC to acquire Gulf Coast natural gas pipeline assets including the Bridgeline system (“the natural gas assets”) predominantly located in Southern Louisiana for $235 million, subject to certain adjustments.
The natural gas assets include approximately 1,400 miles of natural gas pipelines spanning from Beaumont, Texas to the Mississippi River corridor and approximately 11 billion cubic feet of working natural gas storage capacity in Southern Louisiana. These natural gas assets, combined with the Partnership’s existing Louisiana assets, will provide EnLink Midstream with tremendous optionality to provide services to Southern Louisiana’s growing industrial, refining and petrochemical marketplace.
Baker Botts represented the Enlink Midstream companies in the acquisition.
Baker Botts Lawyers/Office Involved: Doug Rayburn (Partner, Dallas); Steve Marcus (Partner, Dallas); Preston Bernhisel (Senior Associate, Dallas); Ryan Scofield (Associate, Dallas); Aileen Hooks (Partner, Austin); Eric Winwood (Partner, Dallas); Scott Looper (Associate, Houston); Thomas Fina (Partner, Washington); Michael Bodosky (Special Counsel, Washington)
Source: www.bakerbotts.com
