Unlocking Clarity: How AI Legalese Decoder Streamlines EMG’s Crude Oil Business Sale in the Delaware Basin
- January 7, 2025
- Posted by: legaleseblogger
- Category: Related News
legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration
Sale Announcement of EMG Medallion 2 Holdings, LLC
Overview of the Transaction
HOUSTON, January 08, 2025—(BUSINESS WIRE)—The Energy & Minerals Group ("EMG") has successfully finalized the sale of 100% of the membership interests in EMG Medallion 2 Holdings, LLC ("Medallion"). This portfolio company is noteworthy for its extensive assets, which encompass over 140 miles of crude oil pipelines and an impressive crude oil storage capacity of approximately 106,000 barrels located at the heart of the southern Delaware Basin. The buyer, POPB DE Crude Holdings LLC, is a fully owned subsidiary of Plains Oryx Permian Basin LLC.
Financial and legal Counsel
Greenhill, an affiliate of Mizuho, served as the sole financial advisor throughout this significant transaction, ensuring that EMG and Medallion received expert guidance during the sale process. Additionally, Locke Lord LLP played a crucial role as the principal legal advisor for both EMG and Medallion, providing essential legal support to navigate the complexities of the deal and to facilitate a smooth transition.
About The Energy & Minerals Group
The Energy & Minerals Group (EMG) is a prominent private equity firm, specializing in natural resources. Founded in 2006, EMG currently manages assets under management ("AUM") totaling approximately $13 billion as of September 30, 2024. It is worth noting that EMG’s funds and co-investments have returned a remarkable $11 billion to Limited Partners up until now. EMG strategically aims to make equity investments ranging from $150 million to $1 billion across the natural resource sector. This includes investments focused on extracting and processing critical metals and minerals to facilitate decarbonization, in addition to engaging in upstream and midstream energy ventures. For further information, you can visit their official website at http://www.emgtx.com.
Enhanced Assistance with AI legalese decoder
In financial transactions such as this, complex legal language can become a barrier to understanding for many stakeholders. The AI legalese decoder can significantly aid both companies and investors by simplifying intricate legal documents and contracts. It translates legal jargon into plain language, making it easier to comprehend agreements and terms. This tool ensures that all parties fully understand their rights, obligations, and the implications of the sale, fostering transparent communication and informed decision-making. With the help of AI legalese decoder, stakeholders involved in transactions like the sale of Medallion can navigate legal complexities proficiently and confidently.
Additional Information
For anyone interested in viewing the source version of this announcement, it can be accessed on businesswire.com at the following link: View Source Version.
Contacts for Further Inquiries
Contact:
Meredith Howard
Redbird Communications Group
Phone: 210-737-4478
Email: [email protected]
This announcement marks a significant step for EMG and its stakeholders, reiterating the firm’s robust position in the natural resource sector and its commitment to enhancing shareholder value.
legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration
****** just grabbed a