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Bracewell Represents Kinder Morgan in $7.15 Billion Sale of El Paso Corporation’s E&P Business

February 27, 2012

Bracewell & Giuliani LLP is representing Kinder Morgan, Inc. in the sale of EP Energy Corporation, El Paso Corporation’s exploration and production business, for approximately $7.15 billion to affiliates of Apollo Global Management, LLC and Riverstone Holdings, LLC, who are joined by Access Industries, Inc. and other parties. El Paso’s entering into a definitive agreement for the sale of its exploration and production business was contemplated by Kinder Morgan’s previously announced agreement to acquire El Paso. The EP Energy sale is dependent upon the completion of the Kinder Morgan/El Paso transaction, which is expected to close in the second quarter of 2012, subject to customary regulatory approvals. The EP Energy sale is also expected to close about the same time as that transaction.