Outrigger Energy II Completes Sale of Its Williston Basin Midstream System
Vinson & Elkins advised Outrigger Energy II LLC in connection with an 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 approximately $640 million in cash, subject to customary purchase price adjustments.
The transaction closed on February 18, 2025.
The Vinson & Elkins 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 partners Darin Schultz and Zach Rider, 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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