In a significant series of transactions within the Permian Basin, three prominent law firms have directed deals amounting to $5.9 billion. Kirkland & Ellis advised US pipeline operator ONEOK, Inc., while Vinson & Elkins along with Latham & Watkins represented Global Infrastructure Partners (GIP) in their respective agreements (Bloomberg Law).
ONEOK secured GIP’s interests in EnLink Midstream LLC and Medallion Midstream, a crude gathering and transportation entity within the Permian region. According to reports, the Kirkland team was spearheaded by corporate partners Sean Wheeler, Debbie Yee, and Camille Walker, with support from capital markets partner Julian Seiguer, debt finance partner Rachael Lichman, and executive compensation partner Rob Fowler.
Vinson & Elkins played a crucial role in GIP’s $2.6 billion divestiture of Medallion Midstream, with the team led by partners Robert Hughes and Nettie Downs, and senior associate Charlie Fitzpatrick. Concurrently, GIP’s $3.3 billion sale of a controlling interest in EnLink was managed by Latham & Watkins, with Houston partners Kevin Richardson, Ryan Lynch, and Bill Finnegan heading the corporate deal team (Bloomberg Law).