Sentinel Midstream’s Agreement With Freepoint Commodities

Kirkland & Ellis advised Sentinel Midstream on the deal.

Sentinel Midstream, LLC, through its subsidiary Texas GulfLink, LLC, announced its alignment with Freepoint Commodities LLC in furtherance of the construction, operation, and utilization of Texas GulfLink.

Texas GulfLink is a deepwater crude oil export facility that will be located off the coast of Freeport, Texas, and will be capable of fully loading Very Large Crude Carrier (VLCC) vessels.

Sentinel Midstream is headquartered in Richardson, Texas, offering first-class midstream solutions for crude oil transportation, storage, and terminaling.

Freepoint is headquartered in Stamford, CT. The company provides trading, financing, and logistics solutions and services across a wide range of commodity markets, leveraging its expertise in global infrastructure and supply chains, and strong legacy in merchant energy and metals.

The Kirkland team was led by transactional partners Kevin Crews (Picture) and Thomas Laughlin and included transactional associates Scott Delaney, Alex Poor and Mike Pangrac; and tax partner David Wheat, all based in Kirkland’s Dallas office.

Involved fees earner: Kevin Crews – Kirkland & Ellis; Scott Delaney – Kirkland & Ellis; Thomas Laughlin – Kirkland & Ellis; Mike Pangrac – Kirkland & Ellis; Alex Poor – Kirkland & Ellis; David Wheat – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Sentinel Midstream;

Author: Ambrogio Visconti