Kinder Morgan Announces Acquisition of Gas Gathering & Processing System in Bakken from Outrigger Energy II
Vinson & Elkins advised Outrigger Energy II LLC in its entry into a definitive agreement for the sale of its subsidiary OE2 North Holdings LLC, including its natural gas gathering and processing assets in the Williston Basin of North Dakota, to Hiland Partners Holdings LLC, a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), for $640,000,000, subject to customary purchase price adjustments. The transaction is expected to close in the first quarter of 2025.
The team was led by partner Creighton Smith and counsel Alexander Baker, with assistance from senior associate Matt Fiorillo and associate Ashley Osborne. Other key team members included partner David Peck, senior associate Miron Klimkowski, and associate Paige Rapp; partner Sean Becker; partner Shane Tucker, senior associate Nicole Waterstradt and associate Madeline O’Neill; partner Suzanne Clevenger; partner Hill Wellford, counsel Ryan Will and associate Rami Rashmawi; counsel Ken Adler; partner Matthew Dobbins and associate Ryan Vanderlip; partner Sarah Mitchell; counsel Rajesh Patel and senior associate Alexa Chally; partner Brian Howard; and counsel Elizabeth Krabill McIntyre.
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