By OGJ editors
HOUSTON, Aug. 8 -- Chevron Corp. has increased its equity ownership to 100% in Bridgeline Holdings LP (BLH), which operates an intrastate gas system in southern Louisiana along the Mississippi River. Financial details were not disclosed.
Chevron acquired the additional 40% interest in the BLH Ltd. partnership from an affiliate of Targa Resources Inc. BLH was formed in 2000 by Chevron (60%) and Targa's predecessor (40%). Targa acquired its ownership in BLH in late 2004.
BLH manages and operates an integrated intrastate natural gas pipeline and storage system, consisting of more than 1,000 miles of pipeline and 12 bcf of natural gas storage capacity, and manages marketing, supply, and transportation functions.
