The Partnership plans to use proceeds to fund the acquisition of the remaining interests in Cardinal Gas Storage Partners LLC.
The alliance will provide for development of liquids-rich gas processing infrastructure in northeast British Columbia.
NGL’s non-binding proposal, announced on July 10, was to acquire the outstanding common units of TLP.
Predator owns and operates three existing transloading rail terminals in Alberta at Mannville, Alliance and High Prairie.
The acquisition is expected to complement the company's existing GoM offhsore gas gathering and transmission busines.
After closing, Martin will receive 100% of cash flows from Cardinal.
It expects to offer stakes in the first half of 2015.
The assets acquired are currently being used to provide compression services in Arkansas’ Fayetteville Shale.
The rights the the Eagle Ford system were sold on July 30 to Republic Midstream LLC.
The project will be capable of delivering up to 2.1 Bcf/d to Rockies Express Pipeline and Texas Eastern Transmission
Southcross’ acquisitions includes four gas processing plants, two fractionation facilities and about 3,000 miles of pipelines.
The oil gathering system will be located in Gonzales and Lavaca counties, Texas and will be constructed by mid-2015.