Southern Company Gas’ Sale of Its Wholesale Natural Gas Marketing and Trading Business

Baker Botts LLP advised Southern Company Gas on the deal.

Southern Company Gas announced that certain of its affiliates have entered into an agreement to sell Sequent Energy Management, L.P. and Sequent Energy Canada Corp., which are engaged in the wholesale marketing and trading of natural gas in the United States and Canada, for $50 million plus working capital and other adjustments. Southern Company Gas is a subsidiary of The Southern Company.

The Baker Botts included: Jonathan Bobinger (Partner, Houston, Picture), Bill Lamb (Senior Counsel, Houston), Eileen Boyce (Special Counsel, Houston), Matthew McKenna (Associate, Houston), Nathaniel Richards (Associate, Houston) and Regan Vicknair (Associate, Houston), Lyman Paden (Special Counsel, Houston), Jon Lobb (Partner, Houston) and Peter Farrell (Senior Associate; Washington D.C.), Michael Hawes (Partner, Houston), Jason Bennett (Partner, Houston), Elaine Walsh (Partner, Washington D.C.), Emil Barth (Partner, Washington D.C.), Arigesta Joyce Adetutu (Senior Associate, Houston) and Clarence Hawkes III (Associate, Washington D.C.), Mark Bodron (Partner, Houston) and Krisa Benskin (Special Counsel, Houston).

Involved fees earner: Emil Barth – Baker Botts LLP; Jason Bennett – Baker Botts LLP; Krisa Benskin – Baker Botts LLP; Jonathan Bobinger – Baker Botts LLP; Mark Bodron – Baker Botts LLP; Eileen Boyce – Baker Botts LLP; Peter Farrell – Baker Botts LLP; Michael Hawes – Baker Botts LLP; Clarence Hawkes – Baker Botts LLP; Arigesta Joyce Adetutu – Baker Botts LLP; William Lamb – Baker Botts LLP; Jon Lobb – Baker Botts LLP; Lyman Paden – Baker Botts LLP; Nathaniel Richards – Baker Botts LLP; Regan Vicknair – Baker Botts LLP; Elaine Walsh – Baker Botts LLP; Matthew McKenna – Locke Lord;

Law Firms: Baker Botts LLP; Locke Lord;

Clients: Southern Company Gas;

Author: Martina Bellini