Midstream - Pipelines | Deals - Acquisition, Mergers, Divestitures
Martin Midstream Partners L.P. To Sell Haynesville Gathering and Processing Assets
Print
|
Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") announced today that it has entered into a definitive agreement to sell its East Texas and Northwest Louisiana natural gas gathering and processing assets owned by Prism Gas Systems I, L.P., a wholly-owned subsidiary of MMLP, and certain other natural gas gathering and processing assets also owned by the Partnership to CenterPoint Energy Field Services, LLC ("CEFS"), an indirect, wholly-owned subsidiary of CenterPoint Energy Inc. (NYSE:CNP), for $275 million (the "Divestiture") subject to certain purchase price adjustments prior to closing. The assets to be sold include the Partnership's 50% operating interest in the Waskom Gas Processing Company ("Waskom"). A subsidiary of CEFS owns the remaining 50% interest in…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations