Chronicle: Enterprise buys up bankrupt Azure Midstream assets
Houston’s Enterprise Products Partners said it won an auction to buy the natural gas pipeline assets of the bankrupt Azure Midstream with a bid of $189 million, the Houston Chronicle reports
The auction win gives Enterprise an expanded presence in East Texas and northern Louisiana with 960 miles of natural gas gathering pipelines, three processing facilities, and two natural gas liquids pipelines that can each ship 10,000 barrels daily.
By Mike Shiloh
Copyright March 15, 2017, Mike Shiloh, Texas Energy Report LLC, www.texasenergyreport.com, All rights are reserved