2018 Bracewell Permian Pipeline Representations

pipeline, which is expected to be in service in the second half of 2019, will have an initial total capacity of 590,000 barrels per day, including 440,000 barrels per day from the Permian Basin and 150 million barrels per day from the Eagle Ford Shale. Bracewell represents Apache Corporation as a shipper on the pipeline and Altus Midstream as an equity investor in the pipeline. Grand Prix – In May of 2017, Targa Resources and Blackstone Energy Partners announced the development of the Grand Prix pipeline project, a 300,000 barrels per day, 635-mile natural gas liquids pipeline to transport NGLs produced in the Permian Basin and nearby plays to Mont Belvieu, Texas. In March of 2018, Targa Resources announced an expansion of the Grand Prix into Southern Oklahoma. Bracewell is representing Targa in this project, which includes transportation service agreements, open season matters, and regulatory issues such as tariffs and related matters. Gray Oak – A joint venture between Phillips 66 Partners and Andeavor is developing the Gray Oak Pipeline. This pipeline could deliver up to 700,000 barrels per day from the Permian to downstream markets. Near the terminus of the Gray Oak Pipeline, a joint venture among Phillips 66 Partners, Andeavor, and Buckeye Partners LP is developing the new South Texas Gateway Terminal at the mouth of Corpus Christi Bay. Bracewell represents Phillips 66 and its affiliates in the joint venture, construction and operating agreements, an equity option with Enbridge Inc., the transportation service agreements, open season matters, and regulatory issues. Gulf Coast Express – Gulf Coast Express Pipeline LLC is a joint venture between affiliates of Kinder Morgan, DCP Midstream and Targa Resources Corp. In May of 2018, the joint venture started construction on the Gulf Coast Express Pipeline Project. The approximately $1.75 billion project is designed to transport up to 2 billion cubic feet per day of natural gas from the Permian Basin to the Agua Dulce, Texas, area. Bracewell represented Kinder Morgan in the negotiation of the joint venture’s limited liability company agreement, construction management agreement, and operating and maintenance agreement. Bracewell’s representation also included the negotiation of long term transportation services agreements to financially support the project and general regulatory and commercial advice. Jupiter MLP – The Jupiter Pipeline will be a 650-mile, 36-inch crude oil pipeline with origination points near Crane, Texas and Gardendale/Three Rivers, Texas, and an offtake point in Brownsville, Texas. As designed, it will be the only pipeline out of the Permian Basin that will offer connectivity to all three deep water ports in Texas (Houston, Corpus Christi, and Brownsville). It will also have direct access to a fully capable Very Large Crude Carrier loading facility off the coast near Brownsville. Bracewell is representing the project with respect to transportation service agreements, open season, and other related matters, including regulatory advice. Permian Highway – Kinder Morgan Texas Pipeline LLC, a subsidiary of Kinder Morgan, Inc. and EagleClaw Midstream Ventures, LLC, a portfolio company of Blackstone Energy Partners, announced a final investment decision to proceed with the Permian Highway Pipeline Project (PHP Project) after executing definitive joint venture agreements and securing sufficient firm transportation agreements with shippers. The approximately $2 billion project is designed to

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