Howard Energy Partners Acquires Interest in 200-Mile, 1.1 Bcf/d Midship Pipeline in Oklahoma
(P&GJ) — Howard Energy Partners (HEP) has acquired equity interests in the 200-mile Midship Pipeline from a subsidiary of Cheniere Energy, Inc., significantly expanding its presence in Oklahoma.
The pipeline, which runs from Kingfisher County to near Bennington in the Anadarko Basin, connects natural gas production from the SCOOP and STACK plays to Gulf Coast and Southeast demand markets.
HEP will assume operatorship of the 36-inch pipeline, which currently has a capacity of 1.1 billion cubic feet per day (Bcf/d), expandable to 1.4 Bcf/d. This acquisition is part of a record-breaking year for HEP, with over $1.1 billion in mergers and acquisitions (M&A) in 2024.
“We are excited about acquiring an interest in Midship, further expanding our footprint in the SCOOP/STACK plays in the Anadarko Basin,” said Howard Energy Partners’ Chairman and CEO Mike Howard. “We have operated natural gas gathering pipelines in Oklahoma for years and this acquisition is consistent with our strategy of scaling and integrating assets in basins that support long-term natural gas demand.”
TD Securities (USA) LLC served as financial advisor and Kirkland & Ellis LLP as legal advisor to HEP.
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