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Skadden-Houston Advises Spectra Energy on $1.4 Billion Deal

© 2012 The Texas Lawbook.

By Mark Curriden
Senior Writer for The Texas Lawbook

Houston-based Spectra Energy Corp. has agreed to purchase the Express-Platte pipeline from Kinder Morgan Energy Partners and the Ontario Teachers’ Pension Plan for $1.25 million in cash and $240 million in assumed debt.

Ann Hawkins
The pipeline runs 1,717 miles from the Bakken Shale in Canada and North Dakota to refineries in Illinois and Wyoming. It can transport up to 280,000 barrels of oil daily.

Spectra is being advised by a team of lawyers from New York-based Skadden, Arps, Slate, Meager & Flom, including Houston energy and project finance partner Ann Hawkins. Spectra Energy’s general counsel is Reginald Hedgebeth.

Houston-based Kinder Morgan turned to Blake, Cassels & Graydon, which is based in Calgary.

© 2012 The Texas Lawbook. Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.

Mark Curriden

Mark Curriden is a lawyer/journalist and founder of The Texas Lawbook.

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