AMP acquires additional midstream assets in Eagle Ford

09/01/2014
American Midstream Partners LP (AMP) has opted to use, and has received approval of, its right-of-first-offer to acquire the Gonzales County, Tex., full-well-stream gathering system from an affiliate of ArcLight Capital Partners LLC for total consideration not to exceed $110 million. The deal is expected to close late this year or in early 2015. AMP also executed an option agreement to acquire 50% interest in Republic Midstream LLC from an affiliate of ArcLight for $200 million upon the start of operations, expected in next year's first half, from a crude oil gathering system, central delivery terminal complex, and an intermediate takeaway pipeline to serve Penn Virginia Corp.'s acreage p...
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