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The Firm represented Alinda Capital in funding a joint venture between Howard Midstream Energy Partners, LLC (“HEP”) and WPX Energy (NYSE: WPX) to develop crude oil and natural gas gathering and processing infrastructure in the Delaware Basin. Funding for the 50/50 joint venture was provided by existing unit holders of HEP - Alinda Capital Partners and Alberta Investment Management Company - as well as GIC Private Limited, Singapore’s sovereign wealth fund. HEP will complete construction of an approximately 50-mile crude oil gathering system, build a new cryogenic natural gas processing complex with an initial capacity of 400 million cubic feet per day and build associated natural gas and product pipelines.

Alinda Capital Partners is one of the world’s largest and most experienced infrastructure investment firms. Alinda is a long-term investor in infrastructure assets that provide essential services to communities.

The Simpson Thacher team includes David Lieberman and Chris May (Corporate).