Lewis Brisbois Closes Oil & Gas Terminal Acquisitions
Lewis Brisbois recently represented NGL Energy Partners LP (NYSE:NGL) regarding the acquisition of oil and gas terminal facility assets from Murphy Energy Corporation. The assets include the Port Hudson, Louisiana, Terminal, which is a natural gas liquids terminal that supports refined products blending, and the Kingfisher, Oklahoma, Facility, which is a natural gas liquids and condensate facility. The combined purchase price of the assets was approximately $51 million, and resulted from a Section 363 auction and sale conducted in the Murphy Energy Corporation bankruptcy proceedings pending in the U.S. Bankruptcy Court for the Northern District of Texas.
Christopher Heroux — a partner in the Denver and Houston offices and member of the firm’s Energy and Environment Practice — spearheaded the Lewis Brisbois team, which included Partners John Parks and Vickie Driver and Associates Jennifer McLellan and Courtney Bartkus. Lewis Brisbois advised NGL on all aspects of the transactions, including due diligence, bankruptcy, regulatory, corporate, and real estate.