Five Firms Involved in Permian Deal
Five firms represent parties involved in joint venture deal for energy gathering and processing infrastructure system in the Delaware Basin section of the Permian.
June 16, 2017 at 04:00 AM
2 minute read
Five firms with big energy practices grabbed pieces of a Permian Basin joint venture deal between San Antonio-based Howard Midstream Energy Partners and WPX Energy of Tulsa, Oklahoma.
Latham & Watkins represents Howard Midstream in the 50/50 joint venture, while WPX turned to a deal team from Holland & Hart in Denver.
On June 13, Howard Midstream announced it had signed a strategic partnership with WPX to develop an oil and natural gas gathering and processing infrastructure in the Delaware Basin, which is located in the western Permian Basin. The system would be supported by production in New Mexico and Texas. The new joint venture is valued at $863 million.
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