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Midcoast Operating, L.P

Company Summary

Description

Acquired by ArcLight Capital in 2018.

Operational Regions

  • South Central

Related Entities

Recent news

  • 8/2/2018 - ArcLight Capital has... (subscriber access)
  • 5/10/2018 - Enbridge Selling... (subscriber access)

Company Transactions

Date: 8/2/2018
Type: Acquisition

BUYERS:
  • ArcLight Capital Partners, LLC
  • AL Midcoast Holdings LLC
    • SELLERS:
  • Enbridge Inc.
  • Midcoast Energy Partners, L.P.
  • Midcoast Operating, L.P
  • Midcoast Gas Gathering and Processing
    • ASSETS:
  • Anadarko Gathering System
  • East Texas Gathering System
  • Midcoast TexOk Gathering System
  • Texas Express NGL Pipeline
    • DETAILS:

    COST: 1.12 $B

    NOTES:
    The deal includes legacy gathering & processing in Texas and Oklahoma, a long-haul NGL transmission system and the marketing and logistics business. On an asset level, the acquisition includes 11,900 miles of gas & NGL pipelines, 25 processing plants with >2 Bcf/d in capacity, 12 treating plants, an E/P fractionator and other liquids logistics assets.
    REGIONS:
  • South Central