Correction, 9/24/14, 4:15 p.m.: An earlier version of this story misidentified one of the deals Baker Botts global projects partner Joe Poff advised on. He represented Reliance Industries Limited. The story has been revised accordingly. We regret the error.

Canadian energy company Veresen Inc. has agreed to pay Global Infrastructure Partners $1.43 billion in cash for a 50 percent stake in the Ruby Pipeline, a natural gas pipeline running from the Rockies to the West Coast, the companies announced late Monday.