American Midstream completes purchase


Published: November 11,2009

Tags: mergers and acquisitions, oil and gas

American Midstream Partners has completed the purchase of 12 natural gas pipelines and gathering and processing assets from Enbridge Energy Partners, LP, in a transaction valued at approximately $151 million.

The assets include two interstate gas pipelines and a substantial network of intrastate pipelines and gathering and processing systems located primarily in Louisiana, Mississippi, Alabama and Tennessee that serve industrial, commercial and local distribution companies.

Headquartered in Denver, American Midstream also has an office in Houston and field operating offices in Alabama, Louisiana and Mississippi.

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