A Locke Lord team led by Lauren Corbeil Clarke and Bill Swanstrom (both of Houston) represented Crestwood Equity Partners LP, a publicly traded master limited partnership that owns and operates midstream assets, in its divestiture of legacy, non-core Barnett Shale assets to EnLink Midstream, LLC, for $275 million in cash. The divestiture of Crestwood’s assets includes the Alliance System, the Lake Arlington System and the Cowtown System, representing a full exit from the Barnett Shale. For more information, see the press release. Additional assistance was provided by Van Jolas (Dallas) and Ben Cowan, Eric Larson, Sara Longtain, Ed Razim, Hunter Summerford and Michelle Gutierrez-Begin (all of Houston).
Posted on May 26, 2022