One-Page Deal Sheet
Crestwood Picks Up 50% W.I. in Niobrara Jackalope System
Crestwood Midstream Partners Lp Rki Exploration & Production, Llc
Announced Date
June 24,2013
Close Date
July 22,2013
Transaction Type
JV
Location
Region
United States
Country
United States
State
Wyoming
Transaction Details: Require Private Equity Subscription
Closing Announcement - July 22, 2013
Crestwood Midstream Partners LP and the owner of its general partner, Inergy L.P., today announced that Crestwood's subsidiary, Crestwood Niobrara LLC, has completed the acquisition of a 50% interest in Jackalope Gas Gathering Services L.L.C. from RKI Exploration & Production LLC for a total cash consideration of $107.5 million.
The other 50% interest in Jackalope is owned by Access Midstream Partners L.P. Access will continue to provide field operations and construction management for Jackalope, and Crestwood will assume the commercial development role…
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