V&E Leads Riverstone’s Investment in Sage Midstream

© 2012 The Texas Lawbook.By Natalie Posgate Staff Writer for The Texas Lawbook Private equity firms continue to invest big money in the oil patch, and that is good news for Texas energy lawyers. The last deal came Wednesday, when Riverstone Holdings LLC teamed up with Kaiser Midstream to invest up to $500 million in Sage Midstream, LLC, a start-up midstream company that is based in Houston. Sage will pursue greenfield development and acquisition opportunities to provide producers with the necessary midstream infrastructure to ensure reliable access to the highest value markets for their production. Vinson & Elkins M&A partner Caroline Blitzer Phillips led the legal team for Riverstone, while Robert Bull of Tulsa, Oklahoma-based Frederic Dorwart represented Kaiser. Riverstone has been involved in two other oil and gas deals this year. In July, the New York PE firm announced that it was investing up to $500 million in Meritage Midstream Services II LLC, a Colorado-based company that provides oil and gas producers with a full complement of midstream services. In May, Riverstone and Apollo Global Management closed its $7.15 billion acquisition of oil and gas exploration and production assets from El Paso Corp. Blitzer Phillips also recently represented Warburg…