One-Page Deal Sheet
Align Midstream Acquires East TX Midstream Assets from Azure
Align Midstream Partners LP Azure Midstream
Announced Date
August 04,2016
Close Date
August 04,2016
Transaction Type
Asset
Location
Region
Ark-La-Tex - East Texas
Country
United States
State
Texas
County
Panola ,Rusk
Transaction Details: Require Private Equity Subscription
Align Midstream Partners, LP has closed on the acquisition of a 100 MMcf/d natural gas processing facility (Panola I) and 51 mile trunk line system (Murvaul) from Azure Midstream Partners LP.
Panola I is a cryogenic gas processing plant located in Panola County, Texas with access to five residue gas pipelines and the Enterprise Panola NGL Pipeline. The Murvaul system not only connects Align's current system to Panola I, it also provides a 12" diameter, high-pressure trunk line southwest towards Rusk County.
The purchase price was $44.9 million in cash, less certain agreed-upon adjustments…
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