Locke Lord, Latham, V&E and T&K Advise in Enterprise’s $2 Billion Eagle Ford Assets Acquisition

© 2015 The Texas Lawbook.

By Natalie Posgate

(June 1) – Houston-based Enterprise Products Partners announced Monday that it has agreed to purchase Eagle Ford Shale company EFS Midstream from affiliates of Pioneer Natural Resources and Reliance Industries for $2.15 billion.

The transaction, which should close this year in the third quarter, will provide Enterprise with access to EFS Midstream’s system of 460 miles of natural gas gathering pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 199,000 barrels per day of condensate stabilization capacity.