One-Page Deal Sheet
NGL Energy Partners Acquires Magnum NGLs
NGL Energy Partners Lp Magnum Development Llc
Announced Date
February 09,2015
Close Date
February 18,2015
Transaction Type
Asset
Location
Region
Rockies
Country
United States
State
Utah
Transaction Details: Subscribe to see
Closing Announcement - February 18, 2015
NGL Energy Partners LP has completed the previously announced acquisition of Magnum NGLs, LLC from Magnum Development LLC, a portfolio company of Haddington Ventures LLC, and other Haddington-sponsored investment entities. Magnum owns and operates a natural gas liquids storage facility with multiple existing salt caverns and a potential capacity of greater than 10 million barrels. The facility is strategically located southwest of Salt Lake City, Utah with rail and truck access to Western U.S. markets.
Jay Furman, Senior VP of NGL, commented: "We are…
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