Represented a Houston-based MLP in its bid to acquire over $1 billion of natural gas and natural gas liquids pipelines and processing plants in Texas.
GableGotwals represented Magellan Midstream Partners, L.P. in connection with its agreement to sell its independent terminals network comprised of 26 refined with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye for $435 million.
GableGotwals represented OGE Energy Corp. and its subsidiary, Oklahoma Gas and Electric Company, as sole and lead counsel in two new unsecured five-year revolving credit facilities with a combined borrowing capacity of $1.1 billion.
GableGotwals advised Magellan Midstream Partners, L.P. in its $435 million sale of 26 refined petroleum products terminals located primarily in the southeastern U.S.
Represented a client involving a Texas crude oil pipeline and related assets owned by an entity in which the client has a 50% interest. The client bought a crude oil pipeline system in the Houston Gulf Coast area and also consented to the transfer of the other 50% interest to another owner in a transaction valued at over $1 billion
The firm represented WPX Energy, Inc. in connection with the amendment and restatement of its $1.5 billion senior revolving credit facility, including letter of credit and swingline subfacilities and an accordion feature allowing for an increase of an additional $300 million.
A Houston-based client was represented by GableGotwals in the purchase of producing oil and gas properties and undeveloped leasehold in Western Oklahoma.
GableGotwals represented an Oklahoma-based client in the $160 million purchase of producing oil and gas properties and undeveloped leasehold in the Oklahoma and Texas panhandle region.