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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, treats, recycles and disposes of produced water as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons. Co.'s water solutions segment transports, treats, recycles and disposes of produced and flowback water generated from oil and natural gas production. Co.'s crude oil logistics segment purchases crude oil from producers and marketers and transports it to refineries or for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. Co.'s liquids logistics segment conducts supply operations for natural gas liquids.
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Hold (2.00 out of 4)