NEWS

Lotus Midstream to Acquire Centurion Crude Oil Pipeline and Related Assets in Texas, New Mexico and Oklahoma from Occidental Petroleum Corporation

August 08, 2018

Houston - Paul Hastings LLP, a leading global law firm, announced today that the firm is representing Lotus Midstream, LLC, a crude oil logistics provider, in its pending acquisition of the Centurion pipeline and a Southeast New Mexico crude oil gathering system and related assets from Occidental Petroleum Corporation. The transaction is expected to close later in the third quarter of 2018, subject to customary closing conditions.

Lotus Midstream is a leading crude oil logistics provider.

Energy M&A partner Jimmy Vallee and Energy M&A associate Isaac Griesbaum led the Paul Hastings team, which included Energy M&A associates Monica Diddell and Stephen Perry, Tax partner Greg Nelson, Environmental partner Tom Mounteer and associate Daniel Liebowitz, Employment partner Eric Keller, Energy Regulatory partner Bill DeGrandis and associate Jenna McGrath, Antitrust partner Scott Hataway and associate Noah Pinegar, and Real Estate partner Jill Yung.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.