News Search

Vinson & Elkins advised Kinetik Holdings Inc. in connection with a tack-on offering of $250 million of additional 6.625% senior notes due 2028 by its subsidiary Kinetik Holdings LP.

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.

Vinson and Elkins advised Barclays Capital Inc., the initial purchasers’ representative, in connection with TransMontaigne Partners LLC’s upsized offering of $500 million aggregate principal amount of 8.500% senior unsecured notes due 2030.

Vinson & Elkins advised Energy Spectrum Partners VIII, LP in a line of equity investment in Renegade Infrastructure LLC, an independent energy company focused on the development and/or acquisition of midstream energy infrastructure for oil and gas producers operating in various basins across North America.

Vinson and Elkins represented Pine Run Gathering LLC, a midstream company owning and operating a gas gathering and compression system in the Marcellus Shale within Western Pennsylvania, in a $163 million senior secured term loan financing and related commitments to fund the acquisition of Superior Midstream Appalachian, LLC, another midstream company owning and operating four gathering systems in Appalachia.

Vinson & Elkins represented HF Sinclair Corporation (“HF Sinclair”) in the issuance of $1.4 billion aggregate principal amount of senior notes, consisting of $650 million aggregate principal amount of 5.750% Senior Notes due 2031 (the “2031 Notes”) and $750 million aggregate principal amount of 6.250% Senior Notes due 2035 (the “2035 Notes,” and together with the 2031 Notes, the “Notes”) in a registered offering.

Vinson & Elkins is representing Vecino Energy Partners, LLC (“Vecino”), an Encap Flatrock Midstream portfolio company, in connection with the development of the Piedras Pintas Salt Dome for intrastate natural gas storage service.

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 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 advised BofA Securities, Barclays and RBC Capital Markets, and the several additional underwriters participating in the offering, as underwriters’ counsel in connection with Delek Logistics Partners, LP’s underwritten public offering of an aggregate of 4,423,075 common units representing limited partner interests, including 576,922 common units sold pursuant to the underwriters’ full exercise of their option to purchase additional common units, at a price of $39.00 per unit.

Vinson & Elkins advised the underwriters in connection with Enterprise Products Operating LLC’s public offering of $2.5 billion aggregate principal amount of notes comprised of (i) $1.1 billion principal amount of 4.95% Senior Notes due February 15, 2035, and (ii) $1.4 billion principal amount of 5.55% Senior Notes due February 16, 2055.