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Howard Energy Acquires Eagle Ford Midstream Assets

Howard Midstream Energy Partners Llc Meritage Midstream Services, LLC
AnnouncedMar 19, 2013
TypeAsset
LocationEagle Ford Shale
Announced Date
March 19,2013
Transaction Type
Asset




Snapshot
Location
Region
Gulf Coast - South Texas

Country
United States

State
Texas

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Transaction Details:  Subscribe to see

Howard Energy Partners (HEP) announced today that the company has entered into definitive agreements to acquire substantially all of Meritage Midstream Services’ natural gas gathering
assets in South Texas.

HEP will acquire the Eagle Ford Escondido Gathering System, which is partially owned by Laredo Energy, and the Cuervo Creek Gathering System. Both systems are primarily 12-inch to 16-inch high pressure natural gas pipelines. The transaction is expected to close in April, subject to regulatory approvals and customary closing conditions.

The acquisition will be funded primarily with equity…

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