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Tallgrass Energy, LP

Company Summary

Description

Tallgrass Energy, LP (NYSE: TGE) is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.

Website

http://www.tallgrassenergylp.com/

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Recent news

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Company Transactions

Date: 4/17/2020
Type: Acquisition

NOTES:
Tallgrass Energy and Blackstone reported that affiliates of Blackstone Infrastructure Partners entered into a definitive agreement with affiliates of Kelso & Co., The Energy & Minerals Group, and Tallgrass KC to acquire 100% of the membership interests in Tallgrass Energy's general partner and a 44% economic interest in Tallgrass for $3.3 billion.

Date: 12/31/2018
Type: Acquisition

DETAILS:

COST: 91 $MM

NOTES:
NGL Energy Partners entered into an agreement to sell NGL Water Solutions Bakken, LLC to an affiliate of Tallgrass Energy for $91 million. The Company intends to utilize the proceeds to reduce debt. The operations include five saltwater disposal wells located in McKenzie and Dunn Counties, North Dakota. The transaction is expected to close by year-end 2018.
REGIONS:
  • Bakken