Mansfield

Houston-based Carrizo Oil & Gas Inc. has completed the sale of its Mansfield natural gas pipeline and gathering system in Tarrant County, TX, to Delphi Midstream Partners LLC for $34.7 million net. The transaction includes a working capital adjustment of around $1.2 million. The 19-mile system, constructed by Carrizo to gather and transport gas from the company’s Barnett Shale operating area, has a current maximum takeaway capacity of 70 MMcf/d. Also included in the system is an associated compression/dehydration facility. In the month preceding the transaction’s close, Carrizo said the pipeline transported on average 55 MMcf/d. Carrizo agreed to continue to operate the system on Delphi’s behalf. Net proceeds will be used by Carrizo to pay down debt.