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Vinson & Elkins advised Elevation Midstream, LLC (“Elevation”), an energy midstream gathering and processing company based in Denver, Colorado, in its combination with Platte River Holdings (“Platte River”), a subsidiary of ARB Midstream, LLC (“ARB”).

Vinson & Elkins advised Grayson Mill Holdings II, LLC and Grayson Mill Holdings III, LLC (together, “GM”), both private companies backed by EnCap Investments L.P. (“EnCap”), in GM’s sale to WPX Energy Williston, LLC, an affiliate of Devon Energy Corporation (“Devon”), of certain entities affiliated with GM holding oil and gas properties, rights and related assets located in the Williston and Powder River Basins for an unadjusted purchase price of $5.0 billion, subject to customary purchase price adjustments.

Vinson & Elkins advised Plains All American Pipeline, L.P. (NASDAQ: PAA) (“PAA”) in connection with an underwritten public offering (the “Offering”) of $650 million aggregate principal amount of 5.700% senior notes due 2034 at a price to the public of 99.953%.

Vinson & Elkins advised Tallgrass Energy, LP (“TGE”) in the acquisition of Phillips 66’s 25% interest in the Rockies Express Pipeline (“REX”) for an enterprise value of approximately $1.275 billion.

Vinson & Elkins Represented EnCap Investments L.P. (“EnCap”) in connection with the entry by its portfolio company, Ameredev II Parent, LLC (Ameredev), into a definitive agreement with a wholly-owned subsidiary of Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) pursuant to which Matador’s subsidiary will acquire a subsidiary of Ameredev, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas (the “Ameredev Acquisition”).

Vinson & Elkins advised Mercuria, one of the world’s largest independent energy and commodities groups, in its investment in Black Bayou Energy Hub LLC (Black Bayou), an underground salt dome energy storage company based in Lafayette, Louisiana.

Vinson & Elkins advised an affiliate of Energy Transfer LP (“Energy Transfer”) in the negotiation and execution of a definitive agreement pursuant to which Energy Transfer will acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, Inc.

Vinson & Elkins advised Breakwall Capital LP (“Breakwall”) in connection with a $250 million credit facility provided by Valor Upstream Credit Partners, L.P., a dedicated upstream credit fund managed by Breakwall, to Fundare Resources Company, LLC, (“Fundare”), a private oil and gas company.

Vinson & Elkins L.L.P. advised Harvest Midstream I, L.P. in connection with its offering of $500 Million aggregate principal amount of 7.500% senior notes due 2032. The offering was priced on April 29, 2024 and closed on May 6, 2024.

Vinson & Elkins served as issuer’s counsel in connection with the private offering of Sunoco LP (“Sunoco”) for $1.5 billion in aggregate principal amount of senior notes, consisting of (i) $750 million of 7.000% senior notes due 2029 and (ii) $750 million of 7.250% senior notes due 2032.

Vinson & Elkins advised Enbridge Inc. in its entry into a definitive agreement with WhiteWater/I Squared Capital and MPLX LP to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing LNG and U.S. Gulf Coast demand.

Vinson & Elkins advised Kinetik Holdings Inc. in connection with an underwritten public offering of 13,079,871 shares of its Class A common stock by a selling stockholder at a price to the public of $33.75 per share.