Canes Midstream’s Acquisition of Cogent Midstream LLC.

Wells Fargo Securities, LLC acted as exclusive financial advisor and Sidley Austin LLP acted as corporate counsel to Canes. BofA Securities served as exclusive financial advisor to Cogent.

Canes Midstream LLC (“Canes”), a Dallas-based portfolio company of EIV Capital and Denham Capital, has closed on the acquisition of Cogent Midstream LLC (“Cogent”). The Cogent assets, located in the Southern Midland Basin, include 520 million cubic feet per day of processing capacity, over 800 miles of pipelines, 42 compressor stations, a crude oil gathering system, and substantial acreage dedications from a diverse group of Midland Basin-focused producers. The Cogent system spans 10 counties in the Midland Basin, with the bulk of the infrastructure in Reagan and Irion counties.

The Sidley team was led by Cliff Vrielink (Picture) and Kayleigh McNelis.

 

 

Involved fees earner: Kayleigh McNelis – Sidley Austin LLP; Cliff Vrielink – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Canes Midstream LLC;

Martina Bellini

Author: Martina Bellini