Houston-based Black Bear Transmission LLC has acquired Ozark Gas Transmission LLC (OGT) and Ozark Gas Gathering LLC (OGG) from a subsidiary of Enbridge Inc.
The terms of the transaction were not disclosed.
OGT owns and operates a 367-mile, federally regulated interstate natural gas pipeline transportation system that extends from southeastern Oklahoma through Arkansas to southeastern Missouri. It has significant interconnectivity to major long-haul gas pipelines.
OGG owns and operates a fee-based, 330-mile natural gas gathering system that connects regional production into OGT’s pipeline.
“We are very excited to add the Ozark pipeline and gathering system to the Black Bear Transmission portfolio,” said CEO Rene Casadaban. “This investment expands our asset base of high-quality, demand-driven natural gas pipelines serving utilities and other key end-user customers across the Southeastern United States.
“We look forward to working with the Ozark operations team to continue providing safe and reliable service to all of the Ozark customers.”
Black Bear transports and delivers natural gas from various pipeline receipt points to power generation, industrial and utility customers in the southeastern United States.
The company has eight natural gas pipelines with total delivery capacity of more than 1.8 Bcf/d. The pipelines are connected to 12 major long-haul pipelines, providing gas supply to customers across Alabama, Arkansas, Louisiana, Mississippi, Missouri, Oklahoma and Tennessee.
Black Bear is a portfolio company managed by Basalt Infrastructure Partners II GP Ltd. Basalt Infrastructure funds provide backing for investments in utilities, power, transport and communications infrastructure in North America and Europe.