“Texas Firms Handling $1.5 Billion Cash Energy Deal”
Akin Gump Strauss Hauer & Feld represents Western Gas Partners LP of The Woodlands in its pending purchase of Nuevo Midstream for $1.5 billion in cash.
Nuevo, based in Houston, turned to Vinson & Elkins, while EnCap Flatrock Midstream, Nuevo’s private equity backer, is using lawyers from Thompson & Knight.
On Oct. 28, Western announced that it would acquire Nuevo, a gas gatherer and processor in the Delaware Basin, which is located in Texas and New Mexico. The acquisition is expected to close during the fourth quarter of this year, subject to regulatory approval and customary closing conditions.
At Thompson & Knight, partners Sarah McLean and Roger Aksamit, both of Houston, and associate Van Wiltz of Dallas represent EnCap, of San Antonio.