By OGJ editors
HOUSTON, July 22 -- LaGrange Acquisition LP, a unit of Energy Transfer Partners LP, Dallas, agreed to buy midstream assets from Devon Energy Corp., Oklahoma City, for an undisclosed price.
The assets involve the Texas Chalk and Madison gas gathering systems in east Texas, including 1,800 miles of pipeline and compression. The 80 MMcfd processing capacity Madison gas plant has four treating plants, a fractionator and a condensate stabilization facility near College Station, Tex.
The transaction remains subject to regulatory approvals and other customary conditions to closing.
"This transaction is the latest in a series of dispositions of acquired assets that we considered to be non-core," said Darryl G. Smette, senior vice-president of marketing and midstream.