Williams announced Thursday that its midstream business has completed the sale of its interests in two natural gas liquids pipelines for $26.5 million. These assets were previously identified for divestiture. Affiliates of Enterprise Products Partners L.P. have purchased a 37.35% interest in Wilprise Pipeline Co. and a 16.67% interest in Tri-States NGL Pipeline LLC after exercising their rights of first refusal following Williams’ efforts to sell the interests to Sunoco Logistics Partners LP. in August. The agreement with Enterprise also contains an earn-out provision that allows Williams to potentially receive up to an additional $8.3 million based on transportation volumes for Wilprise and Tri-States through 2006. Including these most recent deals, Williams has divested interests in four NGL pipeline systems this year, all at pre-tax gains.

Inergy, L.P. announced Thursday it has completed the previously announced acquisition of EOTT Energy, LP’s West Coast natural gas liquids (NGL) business. The acquired assets include gas processing, fractionation, liquids storage, truck and rail distribution facilities, and an NGL transportation fleet. The business is located in Bakersfield, CA. The acquisition is expected to be immediately accretive to cash available for distribution to Inergy unitholders.”These state-of-the-art terminaling, storage and distribution assets move Inergy into the strategic western NGL market,” said John Sherman, president and CEO of Inergy. The Kansas City, MO-based firm currently focuses on the retail marketing, sale and distribution of propane to residential, commercial, industrial and agricultural customers. Those customers number nearly 240,000 and are served from 131 customer service centers throughout the eastern half of the United States. Inergy also operates a growing supply logistics, transportation and wholesale marketing business that serves independent dealers and multi-state marketers in 35 states and Canada.

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