Sidley Represents Enterprise Products as Antitrust Counsel in Its US$950 Million Acquisition of Piñon Midstream

Sidley is representing Enterprise Products Partners L.P. (Enterprise), a Houston-based midstream natural gas and crude oil pipeline company, as antitrust counsel in connection with its US$950 million acquisition of Piñon Midstream, a portfolio company of Black Bay Energy Capital focused on natural gas gathering and treatment services in the Delaware Basin. This cash transaction will fast-track Enterprise’s entry into the eastern flank of the Delaware Basin in New Mexico and Texas, and expand the company’s natural gas processing footprint. The transaction is expected to close in the fourth quarter of 2024, subject to regulatory approvals.

The Sidley team is being led by Corey Roush, and includes Laura Collins, Edward Sharon, Jason Semmes, and Ali Sarwari (all Antitrust and Competition).