EagleClaw Midstream’s $182 Million Acquisition of PDC Energy Midstream Assets


Vinson & Elkins advised EagleClaw Midstream on the deal

EagleClaw Midstream executed a transaction whereby PDC Energy, Inc. will divest its gas-related midstream assets, including long-term future gathering and processing rights, to EagleClaw for total proceeds of approximately $182 million.

The transaction is composed of an initial $100 million payment at closing and an unconditional payment due one year after closing of approximately $82 million.

The V&E corporate team was led by partners Danielle Patterson (Picture) and Bryan Loocke with assistance from senior associate Robert Hughes and associates Kathryn Hastings and Kara Chung. Also advising were partner John Lynch and associate Neil Clausen; senior associate Matt Dobbins and associates Jennifer Cornejo and Austin Pierce; partner Shane Tucker and counsel Dario Mendoza; and partner Thomas Wilson and counsel Grace Ho.

Involved fees earner: Kara Chung – Vinson & Elkins LLP; Neil Clausen – Vinson & Elkins LLP; Jennifer Cornejo – Vinson & Elkins LLP; Matthew Dobbins – Vinson & Elkins LLP; Kathryn Hastings – Vinson & Elkins LLP; Grace Ho – Vinson & Elkins LLP; Robert Hughes – Vinson & Elkins LLP; Bryan Loocke – Vinson & Elkins LLP; John Lynch – Vinson & Elkins LLP; Danielle Mangrum Patterson – Vinson & Elkins LLP; Dario Mendoza – Vinson & Elkins LLP; Austin Pierce – Vinson & Elkins LLP; Shane Tucker – Vinson & Elkins LLP; Thomas Wilson – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: EagleClaw Midstream Services, LLC ;

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Author: Ambrogio Visconti