Sidley represented Canes Midstream LLC, a Dallas-based portfolio company of EIV Capital and Denham Capital, in its acquisition of Cogent Midstream LLC. The Cogent assets, located in the southern Midland Basin, include 520 million cubic feet per day of processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering system, and substantial acreage dedications from a diverse group of Midland Basin-focused producers. The Cogent system spans 10 counties in the Midland Basin in Texas, with the bulk of the infrastructure in Reagan and Irion counties.
The team was led by Sidley partner Cliff Vrielink and senior managing associate Kayleigh McNelis. Additional support was provided by partners Karen Kazmerzak (Antitrust/Competition), Emily Mallen (Energy), Heather Palmer (Environmental), Teresa Reuter (Labor, Employment and Immigration), Zackary Pullin (Tax), and Eric Winwood (Employee Benefits and Executive Compensation); as well as counsel Marian Fielding (Employee Benefits and Executive Compensation), Scott Goldstein (Insurance), and Edward Sharon (Antitrust/Competition); associates Allen Braddock (Environmental), Kevin Carson, Alexander Haer, Sarah O’Brien, and Kiana Shin (all Energy); and Aaron Mitchell (Tax), and Land Professional Bryan Frazier. Finance support was provided by partners Herschel Hamner III and Daniel Allison (both Energy); managing associates Angela Hagerman and Michael Schlinkert (both Energy); and associates Kaitlin Schock and Aaron King (both Energy).