An affiliate of Enterprise Products Partners LP has agreed to acquire the midstream business and assets of Azure Midstream Partners LP and its operating subsidiaries in East Texas and North Louisiana.
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Azure Midstream Posts Loss, Sells East Texas Assets
Azure Midstream Partners LP is selling a processing plant and gathering pipeline in East Texas as it posts an $8.4 million net loss for the second quarter. In early June, partnership units were delisted from the New York Stock Exchange.
Half-Stake in Enable Midstream Could Be For Sale; Azure Halts Distributions
Commodity price collapse-driven woes continued in the midstream sector Monday. CenterPoint Energy Inc. said it is weighing options for its investment in Enable Midstream Partners, including a sale or spinoff. And separately, Azure Midstream Partners LP has temporarily suspended its distribution.
Partnerships Plan Haynesville, Cotton Valley Gathering Combo
Azure Midstream Energy LLC and Marlin Midstream Partners LP have agreed to transactions that would create one of the largest gathering and processing systems in the Haynesville Shale and horizontal Cotton Valley plays in East Texas and northern Louisiana.
Experienced Team Buys Haynesville System for $910M
Azure Midstream Holdings LLC, launched last year by a team of industry veterans, on Thursday agreed to pay $910 million to buy TGGT Holdings LLC, a Haynesville Shale gathering system, in a transaction valued at $910 million.