Expanding its natural gas gathering and processing footprint in the U.S. Midcontinent and Gulf Coast, Houston-based Enbridge Energy Partners LP (EEP) said Wednesday that it has completed its previously announced $247 million acquisition of gathering and processing assets in North Texas from Cantera Resources Inc., an affiliate of Morgan Stanley Capital Partners.
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Enbridge Builds North Texas Presence with $247M Gathering Deal
Increasing its natural gas gathering and processing footprint in the rapidly growing Fort Worth Basin, Houston-based Enbridge Energy Partners LP (EEP) signed a $247 million purchase agreement with Cantera Resources Inc., an affiliate of Morgan Stanley Capital Partners, for about 2,000 miles of gathering lines and five active processing facilities in North Texas.
November 24, 2003
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