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December 1, 2016

Advise Magnum Energy in the development and private equity financing of salt cavern storage facility in Utah


King & Spalding advised Magnum Energy in the development and private equity financing of an up to 10 million barrel refined products storage facility in Delta, Utah. Magnum Refined Products will be the first underground salt cavern storage facility for refined products in the Rocky Mountain Region. This project follows the firm’s representation of Magnum Energy in the financing and sale of an approximately 10 million barrel natural gas liquids storage facility to NGL Energy Partners for $280 million in 2015.