Lucid Energy Group’s $250 Million Preferred Equity Commitment from Magnetar Capital

V&E advised Lucid Energy Group, an EnCap Flatrock portfolio company, in connection with a $250 million preferred equity commitment from Magnetar Capital.

Lucid Energy Group provides a full suite of midstream services to producers working in the Midland and Delaware Basins. Lucid is the largest privately held natural gas processor in the Permian Basin with more than 930 million cubic feet of natural gas processing capacity in operation or under construction and pipeline assets exceeding 3,600 miles in operation.

The V&E team was led by partner Alan Beck (Picture) and senior associate James Garrett with assistance from tax partner Jason McIntosh and corporate associates Robert Hughes and Yong Eoh.

Involved fees earner: Alan Beck – Vinson & Elkins LLP; James Garrett – Vinson & Elkins LLP; Robert Hughes – Vinson & Elkins LLP; Yong Eoh – Vinson & Elkins LLP; Jason McIntosh – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Lucid Energy Group, LLC;


Author: Ambrogio Visconti