A Locke Lord team led by Bill Swanstrom and Jennie Simmons (both of Houston) represented Nuevo Midstream Dos, LLC in the announced definitive agreement with an affiliate of ArcLight Capital Partners to purchase Republic Midstream, LLC. Nuevo Dos plans to expand Republic Midstream’s crude oil gathering, storage and intermediate transportation system of approximately 100 miles in the Eagle Ford Shale. Nuevo Dos is backed by EnCap Flatrock Midstream in the acquisition and expansion. The transaction is expected to close in the second quarter of 2019. For more information, see the press release. Additional assistance was provided by John Arnold, Michael Blankenship, Laura Ferguson, Phil Lau, Sara Longtain, Jerry Higdon, Tammi Niven, Buddy Sanders, Michelle Gutierrez-Begin, Evan Blankenau, Jason McCloskey, Matt McKenna and Stefano Wach (all of Houston), Michael Conroy (Chicago), Van Jolas (Dallas) and Enrique Santiago (West Palm Beach).
Posted on March 21, 2019