Morgan Lewis Advises Buckeye Partners on Sale of South Texas Gateway Terminal
June 16, 2023
June 16, 2023
NEW YORK, June 16 -- Morgan Lewis, a law firm, issued the following news release on June 15, 2023:
Morgan Lewis is advising Buckeye Partners, L.P. and South Texas Gateway Terminal (STGT) in the sale of 100% of STGT to Gibson Energy Inc. for a total purchase price of $1.1 billion in cash, subject to closing adjustments.
STGT is a high-quality export facility providing crude oil to global markets operating out of a deep-water marine terminal in Ingleside, Texas.
Morgan Lewis is advising Buckeye Partners, L.P. and South Texas Gateway Terminal (STGT) in the sale of 100% of STGT to Gibson Energy Inc. for a total purchase price of $1.1 billion in cash, subject to closing adjustments.
STGT is a high-quality export facility providing crude oil to global markets operating out of a deep-water marine terminal in Ingleside, Texas.