Sidley Represents Oryx Midstream in Acquisition of Gathering System from Targa Resources
November 8, 2019
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Sidley represented Oryx Midstream Services LLC, a portfolio company of Stonepeak Infrastructure Partners, in its acquisition of the Outrigger Crude Oil Gathering System in the Permian Basin from a subsidiary of Targa Resources Corp., for a purchase price of US$135 million. Shearman & Sterling served as co-counsel for Oryx Midstream Services LLC.
The team was led by energy partner Tim Chandler and included energy associates Tommer Yoked, Adam R. Prestidge and Ashley Moulder. Partner Zack Pullin provided tax advice.
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