One-Page Deal Sheet
Enable Midstream Picks Up Cleveland Gas Gathering Assets
Enable Midstream Partners Lp Monarch Natural Gas Llc
Announced Date
May 04,2015
Close Date
May 04,2015
Transaction Type
Asset
Location
Region
North America,Mid-Continent
Country
United States
State
Texas
Play
Transaction Details: Require Private Equity Subscription
Enable Midstream Partners, LP has completed acquisition of $80 million of strategic natural gas gathering assets in the Texas Panhandle from Monarch Natural Gas, LLC.
The assets are underpinned by long-term dedication of 35,000 net acres from a producer who is a current Enable Midstream customer. The 88 miles of recently built gathering pipeline and 5,000 horsepower of associated compression will provide gathering services to the natural gas producer drilling in Lipscomb and Hemphill Counties, as well as other producers in the area.
The acquisition is immediately accretive to Enable…