DTE Midstream’s $272.3 Million Acquisition of Stake in Stonewall Gas

Shearman & Sterling advised DTE Midstream in connection with the acquisition of a 30 percent stake in Stonewall Gas Gathering for $275.3 million, bringing its total ownership interest in the asset to 85 percent.

Stonewall Gas Gathering is a 67-mile, 36-inch natural gas gathering system located in West Virginia. DTE Midstream has been operating the asset for about three years.

Shearman & Sterling advised DTE Midstream with a team including Omar Samji (Picture) and Kelli Sims.

Involved fees earner: Omar Samji – Shearman & Sterling; Kelli Sims – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: DTE Midstream;

Author: Ambrogio Visconti