Latham & Watkins Advises Sabine in Joint Venture with Align Midstream

A Houston-based team advised the upstream company in the transaction.

July 07, 2020

Align Midstream Partners II, LLC, a Dallas-based midstream company backed by Tailwater Capital, has announced the completion of the TOPS Pipeline and the formation of a joint venture agreement to develop the pipeline with Sabine Oil & Gas, a fully owned subsidiary of Osaka Gas USA ("Osaka"). The TOPS pipeline is a 30-mile, 16-inch diameter gas gathering pipeline in the Carthage area with interconnections to key downstream takeaway markets. The transaction marks Osaka Gas USA's first acquisition in the midstream business in the United States.

Latham & Watkins LLP represents Sabine Oil & Gas in the transaction with a Houston-based team led by partners Justin Stolte and Lauren Anderson, with associates Greg Sorensen, Ashley Nguyen and Anthony Tan. Advice was also provided on tax matters by Houston partner Jim Cole, with associate Jared Grimley. 
 

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.