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Crestwood Acquires Stake in Powder River System for $485MM

Crestwood Equity Partners LP Williams Companies, Inc.
AnnouncedApr 10, 2019
TypeAsset
LocationPowder River Basin,Niobrara - Powder River Basin
Announced Date
April 10,2019
Transaction Type
Asset




Snapshot
Location
Region
Rockies - Powder River Basin

Country
United States

State
Wyoming

County
Converse

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Transaction Details:  Subscribe to see

Crestwood Equity Partners LP has acquired a 50% interest in Jackalope Gas Gathering Services, L.L.C. from Williams for approximately $485 million.

The Jackalope assets are located in Converse County, Wyoming, and provide gathering, compression and processing services and include the Jackalope Gas Gathering System and the Bucking Horse Processing Plant. The system is supported by a 358,000 acreage dedication by Chesapeake and a 30,000 acreage dedication by Panther Energy. The Bucking Horse and Jackalope assets are currently undergoing extensive expansion projects to increase gathering and…



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