Legal Services
Whitecase
Full Credential Description
Occidental Petroleum, a major player in the oil and gas industry, faced the challenge of divesting certain gas gathering assets located in the Midland Basin. The company sought to streamline its operations and focus on core areas, which led to the decision to sell these assets for US$580 million to an affiliate of Enterprise Products Partners, a leading midstream energy provider in North America. To facilitate this complex transaction, White Case LLP provided tailored legal advice, leveraging their expertise in mergers and acquisitions, tax, and real estate. The team, which included partners and associates from their Houston and Washington, DC offices, ensured that all regulatory and compliance aspects were meticulously addressed, allowing for a smooth sale process. The successful completion of this sale not only enabled Occidental Petroleum to optimize its asset portfolio but also positioned Enterprise Products Partners to enhance its operational capabilities in the region. This strategic move is expected to yield significant benefits for both companies, with Occidental gaining liquidity and Enterprise expanding its infrastructure footprint in the Midland Basin.