Updated: Jones Day, V&E and Fulbright Work on $1.3B Midstream Appalachia Basin Assets Deal

© 2016 The Texas Lawbook.By Natalie Posgate (Sept. 27) – Detroit-based DTE Energy said Monday that it will purchase 100 percent of the Appalachia Gathering System and 55 percent of Stonewall Gas Gathering from two Houston companies, M3 Midstream and Vega Energy Partners, for $1.3 billion. The assets gather natural gas produced in the Appalachia region and provide access to multiple markets, including the Great Lakes region, through interconnections with various gas transmission projects that are currently being developed by DTA and Spectra Energy. The gas gathering networks the new assets will connect to serve the Midwest, Ontario and Northeast regions. DTE turned to Houston Jones Day partners Omar Samji and Jeff Schlegel and associate Alex Wilde to lead its end of the deal. They received M&A assistance from Dallas associates Osman Ahmed and Kyle Park. The rest of the Jones Day deal team included partners Bruce McDonald and Joanne Bush and associate Melissa Pick in Houston, as well as partners David Lowery, Todd Wallace, Louis Jenull and Kirk Lyda and associates Andy Van Noord, Conrad Steele and Kelly Latta in Dallas. M3 turned to Houston Vinson & Elkins partner Doug Bland to lead its end of the deal. He…