Akin Gump Advises Crestwood Midstream Partners in Proposed Merger with Inergy

Akin Gump Strauss Hauer & Feld LLP advised Crestwood Midstream Partners LP regarding a merger agreement announced today with Inergy, L.P. The combined company, with an enterprise value of approximately $7 billion, will provide pipeline and other services in some of North America’s biggest oil and gas drilling areas, including the continent’s premier shale formations. The merger, which the parties currently expect to close in September, is conditioned on approval by a majority of Crestwood’s limited partners.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | Houston

King & Wood Mallesons Advises BG Group on $1.93 Billion LNG Investment Agreements with CNOOC

King & Wood Mallesons has acted for BG Group on its binding agreements with China National Offshore Oil Corporation (CNOOC) for the sale of certain additional interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93 billion and for the supply of an additional 5 million tonnes per annum of liquefied natural gas (LNG).

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Tags:  King & Wood Mallesons | Hong Kong

Porter Hedges Grows Corporate Practice with New Partner Patrick LaRue

J. Patrick LaRue has joined Porter Hedges as a partner in the Corporate Practice Group. His practice primarily focuses on M&A, corporate governance, private equity and general corporate counseling and advisory services. He represents a wide range of public and private clients and serves as outside general counsel to various organizations in Houston and throughout Texas.

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Dechert Advises on Major Irish Offshore Gas and Energy Agreement

International law firm Dechert LLP advised Chrysaor E&P Ireland Limited, a subsidiary of long-standing firm client Chrysaor Holdings Limited, an independent exploration and production company focused on developing and commercializing oil and gas discoveries in the UK North Sea and Ireland, on its farm-out agreement with Capricorn Ireland Limited, a subsidiary of Cairn Energy PLC. Capricorn will acquire the rights to obtain a 38% interest in its two Frontier Exploration Licences 2/04 and 4/08 and in the Licensing Option 11/2 in Quad 35 offshore west of Ireland by paying 63.3% of future exploration costs for up to two wells, subject to a cap.

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Tags:  Dechert LLP