One-Page Deal Sheet
Crestwood Midstream Acquires Haynesville/Bossier Shale Midstream Assets
Crestwood Midstream Partners Lp Not Disclosed
Announced Date
November 01,2011
Close Date
November 01,2011
Transaction Type
Corporate
Location
Region
Ark-La-Tex
Country
United States
State
Texas
Play
Transaction Details: Require Private Equity Subscription
Crestwood Midstream Partners LP has completed the previously announced acquisition of Tristate Sabine, LLC ("Tristate") from affiliates of Energy Spectrum Capital, Zwolle Pipeline, LLC and the Tristate management. Crestwood paid $65 million at closing which was funded with available capacity under Crestwood's revolving credit facility. An additional $8 million deferred purchase payment will be paid on November 1, 2012, subject to customary post-closing adjustments.
The acquired assets include approximately 61 miles of high-pressure natural gas gathering pipelines and carbon dioxide treating…
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