One-Page Deal Sheet
CorEnergy Finalizes Deal for Pinedale Anticline LGS Assets
Corenergy Infrastructure Trust Ultra Petroleum Corp.
Announced Date
December 20,2012
Close Date
December 20,2012
Transaction Type
Asset
Transaction Details: Subscribe to see
CorEnergy Infrastructure Trust Inc. has closed its previously announced acquisition of a Liquids Gathering System (LGS) from Ultra Petroleum Corp. The LGS will continue to be operated by UPL under a long-term triple net lease. Located in the Pinedale field in Wyoming, the LGS is a vital component of natural gas production in one of the top five natural gas fields in the U.S.
"We are pleased to have completed our largest acquisition of REIT-qualifying assets to-date," said Chief Executive Officer, David Schulte. "This is a mission-critical asset, with a high-quality tenant, and it represents a…