Locke Lord Represents Conflicts Committee of CONE Midstream Partners in Dropdown From Sponsors of Additional Interest in Anchor Systems

Locke Lord represented the Conflicts Committee of CONE Midstream Partners LP in the dropdown from its sponsors (Noble Energy, Inc. and CONSOL Energy, Inc.) of an additional 25 percent interest in CONE Midstream DevCo I LP, commonly referred to as CONE Midstream’s “Anchor Systems”. The transaction signed and closed on Nov. 16, 2016 for a total purchase price of $248 million and increases CONE Midstream’s ownership share of the Anchor Systems to 100 percent. For more information, please see the CONE Midstream press release. The Locke Lord team included Bill Swanstrom, Patrick Beaton, and Greg Heath (all of Houston).
Posted November 17, 2016