Milbank LLP represented Hartree Partners in connection with the sale of its portfolio of natural gas storage assets to Williams (NYSE: WMB) for $1.95 billion, subject to customary purchase price adjustments. The transaction includes six underground natural gas storage facilities located in Louisiana and Mississippi with total capacity of 115 billion cubic feet (Bcf), as well as 230 miles of gas transmission pipeline and 30 pipeline interconnects to attractive markets, including LNG markets, and connections to Transco, the nation’s largest natural gas transmission pipeline.
The Milbank team was led by Global Corporate/M&A partner Aaron Stine along with partner Benjamin Fidler and associates Christina Sonageri, Stephen Tomasulo, David Templeton and Danielle Valentino and law clerks O’Neill Kennedy*and Megan McLoughlin.* The team also included IP special counsel John Garces and associate Christina Welch; Global Project, Energy and Infrastructure Finance partner Sean O’Neill, associate Anya Andreeva-Quirk and law clerk Sebastian Leon Nunez;* Executive Compensation and Employee Benefits partner Joel Krasnow and associate Jon Sorger; Tax partner Max Goodman and associate Michael Rivkin; and Antitrust partner Fiona Schaeffer, special counsel Daniel Rosenthal and associate Lauren Knoke.
