ONEOK, Inc. (OKE) and MPLX LP (MPLX) have agreed to form two joint ventures between an affiliate of OKE and an affiliate of MPLX (the Parties), whereby the Parties intend to invest approximately US$1.75 billion to construct and operate (i) a large-scale 400,000-barrel per day export terminal facility (the Export Terminal) for liquified petroleum gas (LPGs) in Texas City, Texas and (ii) a 24 inch pipeline from Mont Belvieu, Texas to Texas City, Texas to deliver LPGs to the Export Terminal.

Latham & Watkins LLP represented ONEOK, Inc. in the transaction with a corporate deal team led by New York/Houston partner Charles Carpenter and Houston partner Ashley Nguyen, with associates Rebekah Bingham and Emily Brown. A project development team was led by Houston associate Taylor Lopez, with associates Ikechukwu (Ike) Obioma, Jeffrey Romano, and Dylan Brown. Advice was also provided on real estate matters by San Diego partner Robert Frances and San Diego counsel Aaron Friberg; on corporate matters by Austin partner David Miller; on tax matters by Houston partners Tim Fenn and Jim Cole, with associate Dominick Constantino; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo.