Black Bear Transmission Acquires Ozark Natural Gas Transmission Business from Enbridge
(P&GJ) — Black Bear Transmission announced it has completed the acquisition of Ozark Gas Transmission (OGT) and Ozark Gas Gathering (OGG) from a subsidiary of Enbridge Inc.
OGT owns and operates a 367-mile, FERC-regulated interstate natural gas pipeline transportation system. The system extends from southeastern Oklahoma through Arkansas to southeastern Missouri and is connected to major long-haul natural gas pipelines.
OGG owns and operates a fee-based, 330-mile natural gas gathering system that connects regional production into OGT’s pipeline.
“This investment expands our asset base of natural gas pipelines across the southeastern United States," said Black Bear Transmission CEO Rene Casadaban.
The terms of the transaction are not being disclosed.
Barclays served as exclusive financial advisor to Basalt and Morgan, Lewis & Bockius LLP served as Basalt’s legal advisor. TD Securities served as exclusive financial adviser to Enbridge and Norton Rose Fulbright US LLP served as Enbridge’s legal advisor.
Black Bear Transmission is a portfolio company of the second Basalt fund. Basalt I and Basalt II, managed by Basalt Infrastructure Partner, are equity funds focused on investments in utilities, power, transport, and communications infrastructure in North America and Europe.
Related News
Related News
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
Comments