Enterprise Products Partners L.P. has announced the completion of its acquisition of a natural gas gathering affiliate from Occidental. The deal, valued at $580 million in cash, involves the acquisition of natural gas gathering systems and approximately 200 miles of pipelines in the Midland Basin, bolstering Enterprise's presence in the area. This transaction enhances Enterprise's capabilities in natural gas gathering and supports Occidental's production operations in the region. Legal advisory support for the transaction was provided by Troutman Pepper Locke and Sidley Austin LLP for Enterprise, while Skadden, Arps, Slate, Meagher & Flom LLP and White & Case LLP advised Occidental.
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