One-Page Deal Sheet
American Energy Partners to Acquire Costar Midstream
American Energy Partners Costar Midstream, L.L.C.
Announced Date
October 14,2014
Transaction Type
Corporate
Location
Region
Williston Basin,Permian,Gulf Coast - Southeast Texas
Country
United States
State
North Dakota
Play
Transaction Details: Require Private Equity Subscription
American Midstream Partners, LP has reported the acquisition of Costar Midstream LLC from Energy Spectrum Partners VI LP and Costar management for approximately $470 million.
Costar is an onshore gathering and processing company with its primary gathering, processing, fractionation, and off-spec condensate treating and stabilization assets in East Texas and the prolific Permian basin, with a significant crude oil gathering system project underway in the Bakken oil play.
The acquisition was funded with 6.9 million American Midstream common units issued directly to Energy Spectrum and Costar…