One-Page Deal Sheet
Martin Midstream Partners L.P. Announces Sale of Natural Gas Gathering & Processing Assets
Centerpoint Energy, Inc. Martin Midstream Partners Lp
Announced Date
June 19,2012
Close Date
July 31,2012
Transaction Type
Corporate
Location
Region
Ark-La-Tex
Country
United States
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Martin Midstream Partners L.P. announced that it has entered into a definitive agreement to sell its East Texas and Northwest Louisiana natural gas gathering and processing assets owned by Prism Gas Systems I, L.P., a wholly-owned subsidiary of MMLP, and certain other natural gas gathering and processing assets also owned by the Partnership to CenterPoint Energy Field Services, LLC ("CEFS"), an indirect, wholly-owned subsidiary of CenterPoint Energy Inc. (NYSE:CNP), for $275 million (the "Divestiture") subject to certain purchase price adjustments prior to closing. The assets to be sold…
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