A Locke Lord team, led by Houston’s Terry Radney and Joe Perillo, assisted Sarah Hurt, Senior Counsel, at Columbia Pipeline Group, Inc. (CPG), as Three Rivers Midstream LLC, an affiliate of Williams Partners L.P., acquired an initial 5 percent stake of Pennant Midstream, LLC (Pennant). Pennant is a $400 million gas infrastructure joint venture in Ohio's Utica Shale between affiliates of CPG and Harvest Pipeline Company. According to CPG’s news release, “the executed agreement nearly triples the acreage dedicated to Pennant to approximately 500,000 acres and results in the addition of investment-grade producers, positioning Pennant to be a leading long-term midstream services provider in the Mahoning Valley.” The Locke Lord team on this transaction also included Partners Edward Razim, Jeff Wallace, Patrick Beaton and Mark Miller and Associates Jeannie Diep and Rachel Fitzgerald.
Posted October 8, 2015