Superior Pipeline Acquires Gathering and Compression Assets
Superior Pipeline Company announced that it has completed the acquisition of roughly 600 miles of gathering pipeline and compression in central Oklahoma.
The effective date of the acquisition is December 1, 2019. The acquired assets will complement existing Superior infrastructure, and the gas volumes associated with the acquisition will be processed by the existing Superior processing facilities. These assets will allow for greater operational flexibility and efficiency between Superior’s gathering and gas processing facilities in the area. The volume on this gathering system and its associated third-party contracts will expand the Superior customer base, allowing Superior to serve a wider group of producers.
Mike Hicks, Superior’s Chief Operating Officer, said: “This acquisition is the first step in the Superior plan to grow its midstream business through the acquisition and consolidation of synergistic midstream assets.”
Superior is a joint venture owned 50% by Unit Corporation and 50% by SP Investor Holdings, LLC, a holding company jointly owned by OPTrust and funds managed and/or advised by Partners Group, a global private markets investment manager.
Related News
Related News
- 450-Mile Eiger Express Pipeline Gets Green Light for Permian-to-Gulf Natural Gas Transport
- Energy Transfer’s Lake Charles LNG Project Wins Export Extension
- Kinder Morgan Launches Binding Open Season for Texas-to-Arizona Pipeline Expansion
- Harvest Midstream to Acquire 1,500 Miles of MPLX Pipelines in $1 Billion Deal
- ATCO’s 143-Mile, 1.1 Bcf/d Yellowhead Pipeline Project Wins Regulatory Approval
- Hungary to Start Talks with Qatar About Buying LNG
- Japan Becomes Top Buyer of LNG from Russia's Sakhalin 2
- BayoTech Relocates Northern California Hydrogen Hub to Accelerate Deployment
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Ontario Seeks Study on Alberta-to-Ontario Pipeline and James Bay Port Corridor
Comments