December 27, 2022 | 1 minute read

HOUSTON – Bracewell LLP is advising Phillips 66 (NYSE: PSX) in an agreement to sell the Belle Chasse Terminal, formerly the Alliance Refinery, to Harvest Midstream. The deal is expected to close in the first quarter of 2023.

In November of 2021, Phillips 66 announced the closure of the Alliance Refinery and the transition of this facility into a crude oil terminal.

Additional information about the proposed divestiture can be found here.

Bracewell lawyers involved in the transaction included:

Partners: Patrick K. Johnson, G. Alan Rafte, Timothy A. Wilkins, Elizabeth L. McGinley, Daniel E. Hemli, Heather L. Brown, Aaron P. Roffwarg, Matthew B. Grunert and Robert S. Nichols

Counsel: Jacqueline R. Java and Tamara L. McKinzie-Ortega

Associates: Shannon M. Rice, Andrew P. Mintz and Alan R. Stewart