A Locke Lord Texas team led by Kevin Peter and David Wilhelm (both of Houston) represented Kinder Morgan, one of the largest energy infrastructure companies in North America, in its agreement to acquire NextEra Energy Partners’ South Texas assets, STX Midstream, for $1.815 billion. The transaction, which is anticipated to close in the first quarter of 2024, will add over 460 miles of pipeline with 4.9 billion cubic feet per day of transport capacity. The STX Midstream pipeline system includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets. For more information, see the press release. Additional support was provided by John Arnold, Pat Beaton, Derrick Carson, Ben Cowan, Laura L. Ferguson, Eric Larson, Terry Radney, Jennie Simmons, Elizabeth Guffy, Lauren Richter, Case Towslee, Nicole Davies (all of Houston) and Van Jolas (Dallas).
Posted on November 9, 2023