Kirkland Advises Quantum on Midstream JV Partnership with Comstock
Kirkland & Ellis counseled Quantum Capital Solutions (QCS), an affiliate of Quantum Capital Group, on the formation of a midstream partnership with Comstock Resources Inc. for Comstock’s Western Haynesville acreage. As part of this transaction, Comstock will contribute its Pinnacle gathering and treating system, which is comprised of 145-mile high pressure pipeline and the Bethel natural gas processing plant to the partnership in exchange for a total capital commitment by QCS of $300 million to fund the future build-out of the Western Haynesville midstream system over the next several years. Comstock will control and operate the midstream system.
The Kirkland team was led by corporate partners Cyril Jones, Chad Smith and Emily Lichtenheld and associates Isaac Bate and Scott Myers; debt finance partners Will Bos and Angela Hagerman; and tax partners David Wheat and Bill Dong.
