Kirkland Advises Blackstone on Formation of Waterfield Midstream

Kirkland & Ellis LLP counseled Blackstone Energy Partners L.P. on its formation of Waterfield Midstream, a full-cycle provider of water management services, including water gathering, treatment, recycling and disposal. Waterfield is Blackstone’s water midstream platform in the Permian Basin and has a $500 million equity commitment to pursue greenfield development and acquisitions of water-related infrastructure, helping producers minimize the environmental impact and operating cost of oil and gas production. 

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The Kirkland team was led by transactional partners Rhett Van Syoc, Chad Smith and Kyle Watson and associates Tom Hillebrand, Michelle Williamson and Morgan Moore.