A Locke Lord team led by Bill Swanstrom (Houston) acted as legal advisor to EnCap Flatrock Midstream in portfolio company Moda Midstream, LLC’s announced acquisition of the Oxy Ingleside Energy Center (IEC) and certain crude oil and LPG infrastructure from Occidental Petroleum Corporation. Moda, a liquids terminaling and logistics provider, also acquired LPG storage, berths and infrastructure, certain crude oil pipeline assets and offsite logistics locations. According to the press release, IEC is strategically located in Ingleside, Texas and links Eagle Ford Shale and Permian Basin production to key domestic and international markets. Additional assistance was provided by Heather Stone and David Ruediger (both of Boston) and Van Jolas (Dallas).
Posted on August 9, 2018