One-Page Deal Sheet
NGL Energy Partners Sells 50% Stake in Glass Mountain Pipeline
Blackrock Inc., Navigator Energy Services LLC NGL Energy Partners Lp
Announced Date
November 09,2017
Close Date
December 27,2017
Location
Region
Mid-Continent,Mid-Continent - Anadarko Basin
Country
United States
State
Oklahoma
Play
Transaction Details: Require Private Equity Subscription
NGL Energy Parters has agreed to sell a 50% stake in Glass Mountain Pipeline LLC to an affiliate of BlackRock's GEPIF fund in partnership with First Reserve-backed Navigator Energy Services.
Total consideration for the deal is $300 million.
About Glass Mountain Pipeline LLC
Glass Mountain is a fully integrated, multi-play crude transportation system in Oklahoma, which services the STACK/Merge, Granite Wash and Mississippi Lime plays and delivers crude oil to one million barrels of GMP-owned storage at Cushing, Oklahoma. GMP completed construction of the original, approximately 215-mile system