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Slide #48. Crestwood Midstream Partners — Arrow Midstream Gathering System in the Bakken Shale
Crestwood Midstream Partners (CMLP)
Arrow Midstream Gathering System in the Bakken Shale
Crestwood Midstream Partners LP (NYSE:CMLP) ("Crestwood") and the owner of its general partner, Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood Equity"), today announced that Crestwood has completed the previously announced acquisition of Arrow Midstream Holdings, LLC ("Arrow"), a privately-held midstream company, for approximately $750 million.
Crestwood Midstream Partners is a limited partnership that develops, acquires, owns and operates primarily fee-based assets and operations within the energy midstream sector. Co. has three segments: gathering and processing, which provides natural gas gathering, processing, treating and compression services in unconventional shale plays in West Virginia, Wyoming, Texas, Arkansas, New Mexico and Louisiana; natural gas liquid (NGL) and crude services, which includes its crude oil rail terminals, the Arrow gathering system, a NGL storage facility, and operations of its US Salt, LLC subsidiary; and storage and transportation, which consists of its natural gas storage and transportation assets.
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Buy (2.71 out of 4)
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