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One-Page Deal Sheet

Enbridge Sells US Midstream Biz to ArcLight Affiliate for $1.12B in Cash

Arclight Capital Partners Llc Enbridge Inc.
AnnouncedMay 10, 2018
TypeAsset
LocationBarnett Shale,Anadarko Basin,Haynesville-Bossier-CottonValley
Announced Date
May 10,2018
Transaction Type
Asset




Snapshot
Location
Region
Mid-Continent - North Texas,Ark-La-Tex - East Texas,Mid-Continent - Anadarko Basin

Country
United States

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Enbridge is selling its U.S. midstream business to AL Midcoast Holdings, LLC (an affiliate of ArcLight Capital Partners, LLC) for $1.12 billion in cash.

The Midcoast businesses include:

Natural gas gathering, treating, processing and transportation, and NGL transportation, assets located in the East Texas, Western Anadarko, and Barnett shale plays and consist of approximately 11,200 miles of natural gas gathering and transportation pipelines, 2,075 million cubic feet per day (MMcf/d) of natural gas processing capacity, and 1,330 MMcf/d of treating capacity NGL logistics and marketing…