Kirkland & Ellis Advises EPIC Midstream on Sale of EPIC Crude to Plains All American

"Kirkland & Ellis advised EPIC Midstream Holdings on the sale of its 45% operated interest in EPIC Crude Holdings, LP to Plains All American Pipeline. Plains had earlier acquired a 55% non‑operated interest from Diamondback Energy and Kinetik Holdings. EPIC Crude operates long‑haul pipelines and terminals serving the Permian and Eagle Ford; the deal completes EPIC's third divestiture in 10 months, part of roughly $5.25 billion in transactions."

Kirkland & Ellis advised EPIC Midstream Holdings in connection with the sale of its interest in EPIC Crude Holdings, LP to Plains All American Pipeline; Plains had earlier completed purchases of interests from Diamondback Energy and Kinetik Holdings. The transaction involved EPIC Midstream's sale of its 45% operated interest in EPIC Crude to Plains All American Pipeline. Plains had previously completed the purchase of a 55% non‑operated interest in EPIC Crude from Diamondback Energy and Kinetik Holdings. EPIC Crude owns long‑haul crude oil pipelines and associated terminal and logistics facilities that serve the Permian and Eagle Ford basins. The completion of this sale marks the third divestiture by EPIC in the last ten months; the three transactions collectively drove gross transaction value of approximately $5.25 billion. Kirkland & Ellis represented EPIC Midstream Holdings with a team composed by: Corporate lawyers Chad Smith, Will Eiland, Bilal Iftikhar, Lyle Paul, Tom Harrigan, Rachel Miller and Nicole Faria; Tax lawyers David Wheat and Joe Tobias; and Debt Finance lawyers Lucas Spivey and Marco Chan.

Kirkland & Ellis Advises EPIC Midstream on Sale of EPIC Crude to Plains All American

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