Analysis

Texas Partnership Ruling Lets Midstream Cos. Breathe Easier

Law360, Dallas (July 20, 2017, 9:52 PM EDT) -- When it wiped out a $535 million judgment in a closely watched pipeline partnership dispute, a Texas appellate court this week reassured a shaken midstream energy sector its companies can rely on the steps they take to disclaim creating a partnership, experts say.

A Fifth Court of Appeals panel reversed Energy Transfer Partners' blockbuster win against Enterprise Products Partners LP on the grounds the parties' written agreements related to marketing a potential crude oil pipeline included "conditions precedent" that were not met and were not waived, precluding the formation of a partnership.

A jury in 2014 had found ETP and Enterprise's...

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