Freeman Mills partner, Lane Brown, will be speaking on Duty to the Nonexecutive at the AAPL’s 2014 Southwest Land Institute in Fort Worth, Texas.
Mar. 7, 2014– Southcross Energy Partners, L.P. (NYSE:SXE)(“Buyer”) announced today that it has acquired natural gas pipelines from Onyx Midstream, LP (“Seller”) near Corpus Christi, Texas along with contracts related to those pipelines. The purchase price was approximately $40 million in cash. Freeman Mills PC acted as counsel to Seller in the transaction led by J. Miles Darby.
The pipelines, which range from 12-inches to 24-inches in diameter, transport natural gas to two power plants in Nueces County, Texas under fixed-fee contracts that extend through 2029. Total length of the pipelines is approximately 50 miles. Natural gas volumes through the pipelines averaged 97 million cubic feet per day during 2013.