Stock and cash transaction is valued at approximately $18 billion, including net debt.
This D-J Basin acreage project represents Teton's second acquisition in the Rocky Mountain region.
J. Blair Goertzen is the new President and Chief Operating Officer of the Company.
The pipelines will be 30 and 36 inches in diameter in different sections, approximately 160 miles long.
ODL will operate within Wood Group's Engineering & Production Facilities division.
$12 million investment will help the company establish a new facility.
The 30-inch diameter Garden Banks pipeline has a capacity of 1 billion cubic feet per day.
Liberty Gas Storage will be located near the town of Sulphur, Louisiana.