Press Release

Kirkland Advises Sentinel Midstream on Agreements with Freepoint Regarding Texas GulfLink

Kirkland & Ellis advised Sentinel Midstream regarding the negotiation and execution of agreements with Freepoint Commodities in furtherance of Sentinel Midstream’s construction, operation and utilization of Texas GulfLink, a deepwater crude oil export facility that will be located off the coast of Freeport, Texas and capable of fully loading Very Large Crude Carrier (VLCC) vessels.  Sentinel Midstream is a portfolio company of Dallas-based Cresta Fund Management, a specialized energy private equity firm primarily focused on growth investing in the midstream sector.

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The Kirkland team was led by transactional partners Kevin Crews and Thomas Laughlin and included transactional associates Scott Delaney, Alex Poor and Mike Pangrac; and tax partner David Wheat, all based in Kirkland’s Dallas office.