Howard Energy Partners to Acquire Iron Horse Midstream in Anadarko Basin
Howard Energy Partners has agreed to acquire Iron Horse Midstream, a portfolio company of Sixth Street, expanding its position in the Anadarko Basin, according to Oil & Gas Journal. The San Antonio, Texas company's move extends its midstream footprint in the region.
The deal covers about 400 miles of high- and low-pressure natural gas pipelines across Canadian, Caddo, and Grady counties in Oklahoma, Oil & Gas Journal reported. It also includes multiple compressor stations and the 120-acre Iron Horse processing complex, which has a capacity of 425 MMcfd of natural gas.
The acquisition is scheduled to close by yearend, subject to customary closing conditions and regulatory approvals, according to Oil & Gas Journal.
Source: ogj.com (opens in a new tab)1 sourcePermalink