May 14, 2024

Willkie advised Easton Energy, a Houston-based midstream company and portfolio company of Cresta Fund Management, on the sale of its Gulf Coast Liquids Pipeline System to ONEOK, Inc. (NYSE: OKE) for approximately $280 million.

On May 13, Easton announced that it entered into an agreement to sell its system of approximately 450 miles of natural gas liquids and hydrocarbon pipelines located throughout the Texas and Louisiana Gulf Coast midstream corridors to ONEOK, a leading midstream operator and S&P 500 company.

Cresta Fund Management is a Dallas-based private equity firm providing growth equity for sustainable and conventional energy infrastructure solutions for the industrial, logistics and agricultural sectors. The firm has approximately $1.6 billion of assets under management.

The Willkie team was led by partners Archie Fallon and Aaron Savella and included associate Ryan McNamara.