Jump to Navigation

News Releases

Bracewell Represents Kinder Morgan, Inc. in its $38 Billion Acquisition of El Paso Corporation

October 18, 2011

HOUSTON — Bracewell & Giuliani LLP is representing Kinder Morgan, Inc. (NYSE: KMI) in its agreement to acquire all of the outstanding shares of El Paso Corporation (NYSE: EP) for approximately $38 billion, including the assumption of debt outstanding at El Paso Corporation and including the debt outstanding at El Paso Pipeline Partners, L.P. (NYSE: EPB).  The transaction will create the largest midstream and the fourth largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines.

The combined enterprise, including the associated master limited partnerships, Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P., will represent the largest natural gas pipeline network in the United States, the largest independent transporter of petroleum products in the United States, the largest transporter of CO2 in the United States and the largest independent terminal owner/operator in the United States.  The transaction is expected to close in the second quarter of 2012 and is subject to customary regulatory approvals.

Bracewell attorneys involved in the transaction include:

Partners: Gregory M. Bopp, Lance W. Behnke, J.J. McAnelly, Gary W. Orloff, Troy L. Harder and Sandra E. Rizzo

Associates: Scott B. Grossman, Emily E. Leitch, David H. Sweeney, Keith L. Cooper and Melissa K. Buce