Watco also named Will Patterson and Derek Penner as Terminal and Port Services senior vice presidents of marketing and sales.
Energy Transfer Partners LP (ETP) and Regency Energy Partners LP entered into a definitive merger agreement.
Spectra Energy Corp. and Spectra Energy Partners will acquire, through their affiliate Spectra Energy Transmission II LLC, 100% of the equity interests in Brazoria Interconnector Gas Pipeline LLC (BIG).
The transaction will be funded through revolving credit facility capacity.
The purchase price includes assumption of debt, Bloomberg said.
The combination will create one of the largest gathering and processing systems in the Haynesville and Cotton Valley plays.
EFS, owned by Pioneer and Reliance Industries, is expected to sell for more than $3 billion.
The Spartanburg, S.C.-based company said it acquired the assets of Pipe Wrap Inc. in August.
The Linden acquisition is projected to contribute about $20 million of incremental EBITDA in 2015.
Tallgrass Energy, based in Leawood, Kan., would own a 66.7% interest in the pipeline.
Keyera, based in Calgary, became the operator of the facility upon closing.
Navigator’s management team has a combined total of more than 90 years’ experience in energy.
|Mid||USD 18000||Members only||Regency Energy Partners LP|
|Mid||USD 3000||Members only||Hiland Partners LP|
|E&P||USD 37.4||Members only||Harvey E. Yates Co.|
|S&S||USD 1700||Members only||Eurasia Drilling Co. Ltd.|