Kirkland Advises Iron Horse Midstream Management on Sale to Howard Energy Partners
Kirkland & Ellis represented the Iron Horse Midstream management team in connection with the company’s sale to Howard Energy Partners (HEP), bringing HEP’s total Midcontinent-focused acquisitions in 2026 to approximately $2 billion. The Iron Horse acquisition includes approximately 400 miles of high- and low-pressure natural gas pipelines in Oklahoma, multiple compressor stations, and the 120-acre Iron Horse processing complex with a capacity of 425 million cubic feet of natural gas per day. The assets provide substantial synergies with HEP’s existing Midship Pipeline and Superior Midstream assets, solidifying the company’s commitment to connecting natural gas production from the Midcontinent region to expanding Gulf Coast demand markets, including LNG export facilities, industrial users, power generation and emerging data center projects. The transaction is expected to close by year-end 2026, subject to customary closing conditions and receipt of applicable regulatory approvals.
The Kirkland team included corporate lawyers Kevin Crews and Adam Wojcik; executive compensation partner Karsten Busby; tax partner David Wheat; and debt finance partner Andy Veit.
