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Slide #29. NGL Energy Partners LP — Coastal Plains Disposal #1, LLC
NGL Energy Partners LP (NYSE:NGL)
Coastal Plains Disposal #1, LLC
NGL Energy Partners LP (NYSE:NGL) announced today that it has acquired the water disposal business of Coastal Plains Disposal #1, LLC, a Texas limited liability company ("Coastal Plains"), owned by WinCo Development, LLC, a Texas limited liability company, for 222,381 common units and $109.5 million in cash.
NGL Energy Partners transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and refined petroleum products. Co.'s crude oil logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale. Co.'s water solutions segment transports, treats, recycles and disposes of produced and flowback water generated from crude oil and natural gas production. Co.'s liquids and refined products segment conducts marketing operations for natural gas liquids, refined petroleum products and biodiesel to a range of commercial, retail and industrial customers across the United States and Canada.
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Hold (1.60 out of 4)