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Vinson & Elkins advised Ridgewood Infrastructure, LLC in the successful formation of Ridgewood Water & Strategic Infrastructure Fund II, L.P. with total commitments of $1.2 billion, surpassing its initial $1 billion target fundraise.

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.

Vinson & Elkins advised Plains All American Pipeline, L.P. (NASDAQ: PAA) (“PAA”) in connection with an underwritten public offering (the “Offering”) of $1 billion aggregate principal amount of 5.950% senior notes due 2035 at a price to the public of 99.761% of their face value. PAA intends to use the net proceeds of approximately $988.1 million from the Offering to fund the acquisition of all the membership interests in Ironwood Midstream Energy Partners II, LLC, to fund the repurchase of certain Series A Preferred Units representing limited partner interests in PAA, and to repay amounts outstanding under its credit facilities and commercial paper program. The Offering closed on January 15, 2025.

Vinson & Elkins advised affiliates of Brookfield Asset Management Ltd. in connection with a preferred equity commitment to Origis USA (a portfolio company of Antin Infrastructure Partners).

Vinson & Elkins L.L.P. advised the initial purchasers in connection with the private placement by CNX Resources Corporation (“CNX”) (NYSE: CNX) of $200 million aggregate principal amount of 7.250% senior notes due 2032.

Vinson and Elkins served as issuer’s counsel in connection with New York Mortgage Trust, Inc.’s public offering of $82,500,000 aggregate principal amount of 9.125% senior unsecured notes due 2030, including $7,500,000 aggregate principal amount of notes issued and sold pursuant to the underwriters’ partial exercise of their over-allotment option.

Following a distinguished career in public service, Niermann will represent corporate clients with critical project development efforts and environmental compliance and enforcement actions.

Vinson & Elkins released its latest industry report, Aviation Finance: The Outlook for Business in 2025, offering a forward-looking analysis of the aviation finance industry and the prospects for market participants in the year ahead.

Vinson & Elkins represented Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) (collectively, “Plains”) in connection with two bolt-on acquisitions.

Vinson & Elkins acted as counsel on Texas law and U.S. tax and security law matters for Boren Minerals (a Saskatchewan partnership), in connection with the sale of mineral interests in the Mabee Ranch to Kimbell Royalty Partners, LP.