Locke Lord represented Lucid Energy Group II in the acquisition of all outstanding stock of Agave Energy Holdings Inc. and the purchase of certain assets from Agave Energy Company for an undisclosed value. The deal closed on September 1, 2016. Lucid, a midstream provider, operates out of the Midland Basin and with this purchase will expand its footprint into the Delaware Basin of New Mexico. The Lucid deal team was led by Bill Swanstrom (Houston) and Van Jolas (Dallas) and included Buddy Sanders and Mitch Tiras (both of Houston) for Tax matters, Ed Razim (Houston) assisted for ERISA, Paul Nason (Dallas) for Labor and Employment and Ben Cowan (Houston) for Environmental. Additional team members included Michelle Gutierrez-Begin and Tammi Niven (all of Houston) and Robin Shaughnessy (Dallas). For more information, please see the Lucid press release.
Posted September 1, 2016