A team of attorneys with the Houston office of Sidley Austin represented Stonepeak Infrastructure Partners in closing energy development joint venture deals worth $1.1 billion with Targa Resources , a Houston-based company represented by Vinson & Elkins.

According an agreement reached on Feb. 6, the development joint ventures will own Targa's 25 percent interest in Gulf Coast Express Pipeline, a 20 percent interest in the Grand Prix Pipeline and a 100 percent interest in Targa's next natural gas processing project. Targa will control the management and day-to-day construction of the Grand Prix Pipeline.