© 2016 The Texas Lawbook.
By Natalie Posgate
(Aug. 3) – Texas lawyers from Porter Hedges, Norton Rose Fulbright and Weil, Gotshal & Manges worked on a couple of the biggest deals announced in the past week.
A group of Porter Hedges lawyers from Houston said today that they represented Energy Transfer Partners and Sunoco Logistics Partners’ agreement to sell 36.75 percent of their Bakken Pipeline Project to an entity jointly owned by Enbridge Energy Partners and Marathon Petroleum Corp. for $2 billion.
Leading the Porter Hedges deal team were corporate and energy partners Corey Brown and Bob Thomas, who received assistance from partners Brian Rose and Geoff Schultz and associates Adam Nalley and Matt Savage.
Houston energy transactions Deb Gitomer led the deal for Enbridge. She received assistance from Houston partners Bobby Phillpott, Ross Staine and Eddie Lewis and Houston associates Ian Jelsma and Islara Irgit. The firm’s Washington, D.C. office also worked on the deal.
When the all-cash transaction closes in the third quarter, ETP and Sunoco plan to use the proceeds to pay down debt and help fund their current growth projects, a company statement said.
Last week, Dallas Weil partner Jim Griffin co-led California cloud technology company Oracle’s agreement to purchase NetSuite for $9.3 billion. NetSuite is known as the very first cloud company, according to the joint company statement.
The remainder of the Weil deal team was primarily based in Silicon Valley and New York, but it also included Dallas tax associate William Dong.
The transaction is expected to close at some point this year.
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