Houston-based Black Bear Transmission LLC said Thursday it has completed the sale of natural gas gathering assets in Oklahoma and Arkansas acquired earlier this year from Enbridge Inc.
The assets, owned by Ozark Gas Gathering LLC (OGG), were sold to an undisclosed buyer and terms were not released. OGG was acquired from Enbridge as part of a broader Black Bear deal in April when it purchased the Ozark Gas Transmission pipeline, a 367-mile interstate system that extends from southeastern Oklahoma through Arkansas to southeastern Missouri.
“A key part of our strategy when we purchased the Ozark assets from Enbridge was to divest the gathering system and focus on the transmission line,” said Chief Commercial Officer Scott Langston.
OGG owns and operates a fee-based gathering system that connects production in Oklahoma and Arkansas to Ozark Gas Transmission and other long-haul pipelines. The asset sale consisted of more than 220 active metered locations, 330 miles of pipeline and 19 active compressor units with 11,400 hp.
Early last month Black Bear also completed its acquisition of midstream assets in the region from a subsidiary of Third Coast Midstream LLC. That deal included six intrastate gas pipelines spanning 1,400 miles in Alabama, Louisiana and Mississippi with a capacity of 800 MMcf/d.
Meanwhile, farther south, Blackbuck Resources Inc. on Thursday announced another infrastructure transaction with Midcontinent and Permian Basin producer Cimarex Energy Co. Blackbuck bought Cimarex’s Whites City water infrastructure in New Mexico’s Eddy County for an undisclosed amount.
The deal includes 65 miles of pipeline and 100,00 barrels/day of installed disposal capacity. Cimarex also agreed to a 15-year acreage dedication in the Whites City area, which encompasses more than 40,000 acres. Under the agreement, Blackbuck is to provide gathering, disposal and recycling of produced water.
With offices in Houston and Midland, TX, Blackbuck designs, builds, and operates water infrastructure and provides services for the oil and gas industry.
“This acquisition will significantly grow our Delaware Basin platform and overall footprint, further enhancing Blackbuck’s ability to provide our customers economic and reliable water management solutions,” said CEO Justin Love.
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