Vinson & Elkins Reps Regency In $185M Zephyr Deal

Law360, New York (August 9, 2010, 3:16 PM EDT) -- Midstream natural gas services company Regency Energy Partners LP announced Monday that it has reached an agreement to acquire Zephyr Gas Services LP for $185 million, following other second-quarter deals for additional ownership in the Haynesville shale joint venture and nearly 50 percent of the Midcontinent Express Pipeline.

The acquisitions have changed the outlook of the company, moving it closer to its goal of reaching investment-grade metrics, President and CEO Byron Kelley said Tuesday in a note to investors.

“We are well positioned to capitalize on...
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