Paul Hastings Represents Castex Energy in Investment from Riverstone

September 05, 2014
Houston, TX - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Castex Energy 2005, L.P. in a transaction with Riverstone Holdings, LLC, an energy and power-focused private equity investment firm, in which funds managed by Riverstone made an equity commitment of up to $200 million to Castex Energy 2014, LLC, a newly-formed, Houston-based oil and gas company. Castex Energy 2014, LLC is focused on upstream oil and gas exploration and will co-invest with Castex Energy 2005, L.P. to test and develop Castex’s current and future drilling prospect inventory in the Gulf Coast region.
Tax partner Greg Nelson and Energy partner Steve Tredennick led the Paul Hastings team, which also included associates Matthew Hendrix and Holly Snow.

Paul Hastings’ Houston office also recently advised Atlas Pipeline Partners, L.P. in amending its revolving credit facility, CST Brands, Inc. (NYSE:CST) in definitive agreements to purchase 100% of the membership interests of Lehigh Gas GP LLC, Tall Oak Midstream, LLC with an equity commitment of $400 million from private equity firm EnCap Flatrock Midstream and Tall Oak management, Atlas Resource Partners, LP in the purchase of substantially all of the assets of GeoMet, Inc., NuStar Logistics in a $300 million public offering and Wells Fargo in a $1.5 billion financing for Legacy Reserves LP.

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