ONEOK To Acquire Medallion and Controlling Interest in Enlink From Global Infrastructure Partners in Transactions Valued at $5.9 Billion
Vinson & Elkins advised Global Infrastructure Partners, a leading global infrastructure investor, in connection with its approximately $2.6 billion all cash sale of Medallion Midstream Partners, LLC (“Medallion”) to ONEOK, INC. (NYSE: OKE).
Medallion operates over 1,300 miles of crude oil pipelines in Texas and is the largest privately held crude gathering and transportation system in the Permian’s Midland Basin.
The Vinson & Elkins corporate team was led by partners Robert Hughes and Nettie Downs and senior associate Charlie Fitzpatrick, with assistance from associates Jake Lubenow, Shelby Shearer and Nick Priebe. Other key team members include partner Jason McIntosh, counsel Allyson Seger and associate Patrick Darby; partner Patricia Adams and associates Hayden Rutledge and Henry Crowell; partner Sean Becker; partner Hill Wellford, counsel Ryan Will and associate Adam Thomas; partner Matt Dobbins; partners Suzanne Clevenger and Mike Tomsu, and associate Reagan Lutter; partner East Berhane; counsel Scot Dixon; and counsel Rajesh Patel and associate Haley Titcomb.
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