Greg Bopp is the managing partner of Bracewell LLP. He maintains an active practice focused on tax structuring, joint ventures, mergers and acquisitions and capital markets transactions for midstream and upstream companies, including master limited partnerships (MLPs).
Greg was named a Dealmaker of the Year by The American Lawyer for his role in representing Kinder Morgan, Inc. in the $76 billion acquisition of Kinder Morgan Energy Partners, L.P., Kinder Morgan Management, LLC, and El Paso Pipeline Partners, L.P. Chambers USA describes Greg as a “brilliant strategist,” “steeped in the practice and lore of MLPs,” “a real authority in the area of MLP tax issues,” and “an outstanding tax lawyer who does a very good job of servicing his clients.” He is also recognized by The Legal 500 United States as one of the “biggest names in energy M&A” and for having a “talent for working complex deal structures to creatively solve business objectives.”
Recent Notable Matters
Kinder Morgan, Inc. — $3 billion acquisition of Hiland Partners from its founder, Harold Hamm, and certain Hamm family trusts
VTTI Energy Partners LP — represented the Conflicts Committee of the Board of Directors of the general partner of VTTI Energy Partners LP in VTTI Energy Partners’ acquisition of a 6.6 percent interest in VTTI MLP B.V. for $75 million
Delek Logistics Partners, LP — $61.9 million acquisition of a crude oil storage tank and rail offloading racks from Delek US Holdings, Inc.
Western Gas Partners, LP — represented the Special Committee of the Board of Directors of the general partner of Western Gas Partners, LP in connection with the partnership’s acquisition of the Delaware Basin JV Gathering LLC from a subsidiary of Anadarko Petroleum Corporation
Enbridge Energy Partners, L.P. — represented the Special Committee of the Board of Directors of Enbridge Energy Management, L.L.C. in the acquisition by EEP of the remaining 66.7 percent interest in the U.S. segment of the Alberta Clipper Pipeline owned by Enbridge Energy Company, Inc.
Kinder Morgan, Inc. — acquisition of all the outstanding equity securities of Kinder Morgan Energy Partners, L.P., Kinder Morgan Management, LLC, and El Paso Pipeline Partners, L.P., for a total transaction value of approximately $76 billion
Shell Pipeline Company LP — represented a Shell internal review committee in connection with the initial public offering of Shell Midstream Partners, L.P.
Enbridge Energy Partners, L.P. — represented the Special Committee of the Board of Directors of Enbridge Energy Management, L.L.C. in connection with a restructuring of EEP's equity under which its general partner permanently waived its existing incentive distribution rights in exchange for Class D units and new incentive distribution units
Kinder Morgan, Inc. — drop down of 50 percent of Ruby Pipeline, 50 percent of Gulf LNG and 47.5 percent of Young Gas Storage to EPB for approximately $2 billion
QR Energy, LP — represented the Conflicts Committee of the board of QRE GP, L.L.C. in connection with QR Energy’s acquisition of QRE GP, L.L.C. and the elimination of the management incentive fee structure in exchange for the right to earn up to 11.6 million Class B units
Delek Logistics Partners, LP — acquisition of certain storage tanks and a products terminal from Delek US Holdings, Inc. for $95.9 million
Kinder Morgan Energy Partners, L.P. — acquisition of American Petroleum Tankers and State Class Tankers from affiliates of The Blackstone Group and Cerberus Capital Management for $962 million
Kinder Morgan Energy Partners, L.P. — acquisition of Copano Energy, L.L.C. for approximately $5 billion
Kinder Morgan, Inc. — drop down of 50 percent of El Paso Natural Gas Company, L.L.C. and 50 percent of former El Paso Midstream assets in Utah and South Texas to KMEP for approximately $1.655 billion
Western Gas Partners, LP — represented the Special Committee of the Board of Directors of Western Gas Holdings, L.L.C. in the acquisition by Western Gas Partners of a 33.75 percent interest in both the Liberty and Rome gas gathering systems from Anadarko for $490 million
Kinder Morgan Energy Partners, L.P. — sale to Tallgrass Energy Partners, LP of Kinder Morgan Interstate Gas Transmission, Trailblazer Pipeline Company, the Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming, and KMEP's 50 percent interest in the Rockies Express Pipeline for $3.3 billion
Kinder Morgan Energy Partners, L.P. — approximately $6.22 billion drop down of 100 percent of Tennessee Gas Pipeline and a 50 percent interest in El Paso Natural Gas Company, L.L.C. to KMEP
Kinder Morgan, Inc. — El Paso Corporation's disposition of El Paso’s exploration and production business for approximately $7.15 billion to affiliates of Apollo Global Management, L.L.C. and Riverstone Holdings, L.L.C., who are joined by Access Industries, Inc. and other parties
Apache Corporation — $2.85 billion acquisition of Cordillera Energy Partners III, LLC (which holds oil and gas assets in the Anadarko/Granite Wash Basin) for a combination of cash and Apache Corporation stock
Kinder Morgan, Inc. — acquisition of El Paso Corporation for approximately $38 billion (including the assumption of debt outstanding at El Paso Corporation and including the debt outstanding at El Paso Pipeline Partners, L.P.)
Chesapeake Energy Corporation — $437 million initial public offering of Chesapeake Granite Wash Trust
QR Energy, LP — represented the Conflicts Committee of the Board of QRE GP, L.L.C. in connection with the acquisition by QR Energy of oil and natural gas properties from its sponsor, Quantum Resources Fund, for approximately $577 million
Encore Energy Partners LP — represented the Conflicts Committee of Encore Energy Partners in connection with the acquisition by Vanguard of the interests in Encore owned by the public for approximately $545 million of Vanguard common units
Kinder Morgan Energy Partners, L.P. — approximately $920 million acquisition of Petrohawk Energy Corporation’s 50 percent interest in KinderHawk Field Services (the largest natural gas gathering and midstream business in the Haynesville shale) and a 25 percent interest in Petrohawk’s natural gas gathering and treating business in the Eagle Ford shale
A midstream natural gas services company — approximately $390 million acquisition of the Big Sandy Pipeline from EQT Corporation
Publications and Speeches
“Hot Topics - MLP Qualifying Income Proposed Regulations,” Taxation 2015 May Meeting, Washington, D.C., May 8, 2015.
“The Gradual Evolution of the MLP Structure,” ABA 2015 Midyear Meeting, Houston, January 30, 2015.
“The Gradual Evolution of the MLP Structure,” PwC’ s MLP User Conference 2014, Carlsbad, California, November 11, 2014.
“Master Limited Partnerships,” EUCI MLP Conference 2014, Houston, September 18, 2014.
“MLP Drop Downs: Related Legal & Tax Issues,” PwC’s MLP User Conference 2013, Las Vegas, November 12, 2013.
“MLP Market Trends and Regulatory Update,” Platts 3rd Annual MLP Symposium, Houston, October 10, 2013.
“MLP Update - Recent Structure Modifications, Qualifying Income and Leveraged Drop Downs,” Bracewell Tax Network, Houston September 12, 2013.
“Variable MLPs,” PwC’s MLP User Conference 2012, Scottsdale, Arizona, November 6, 2012.
“Consolidation and Divestiture in the Oil and Gas Industry,” Platts 7th Annual Pipeline Development & Expansion Conference, Houston, September 20, 2012.
“MLPs and Beyond (Variable MLPs and Qualifying Income),” Bracewell Tax Symposium, Houston, September 20, 2012.