Jones Day and V&E Advise Rangeland and Inergy in $425 Million Acquisition

© 2012 The Texas Lawbook.By Natalie Posgate Staff Writer for The Texas Lawbook Sugar Land-based Rangeland Energy LLC, the owner and operator of the COLT energy distribution system in North Dakota, has entered an agreement to sell its company to Missouri-based Inergy Midstream, LP for $425 million. The COLT system is the largest open-access crude oil distribution hub in North Dakota. Located in the heart of the Bakken and Three Forks shale oil producing region, the COLT system includes a large oil rail loading terminal in Williams County, N.D., and related storage and pipeline assets. The components of the COLT system include the COLT Hub, the COLT Connector and the Dry Fork Terminal. Jones Day is advising Rangeland in the transaction, with Houston M&A and energy partner Jeff Schlegel leading the deal. Other Jones Day attorneys involved include Houston labor and employment partner Mark Temple, Dallas tax partner Todd Wallace and of counsel Gary Short, Houston associates Omar Samji and David Stringer, and Dallas associate Isaac Griesbaum. Vinson & Elkins is advising Inergy in the transaction, with Houston M&A partner Doug McWilliams as the lead attorney. Schlegel said that working on this transaction is especially near and dear to Jones…