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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

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Crestwood Acquires Marcellus Gas Compression Assets

Crestwood Midstream Partners Lp Enerven Compression Llc
AnnouncedJan 2, 2013
TypeAsset
LocationMarcellus Shale
Announced Date
January 02,2013
Close Date
January 02,2013
Transaction Type
Asset




Snapshot
Location
Region
Northeast

Country
United States

State
West Virginia

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Transaction Details:  Require Private Equity Subscription

Crestwood Midstream Partners LP, as operator and 35% owner of Crestwood Marcellus Midstream LLC (CMM), has reported that CMM has completed the acquisition of natural gas compression and dehydration assets from Enerven Compression LLC for $95 million.

The transaction was funded under CMM's existing $200 million revolving credit facility and is expected to contribute approximately $11 million to $12 million of earnings before interest, taxes and depreciation (EBITDA) to CMM in 2013.

The acquisition includes four Enerven compressor stations which are connected to CMM's low pressure gathering…



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