CenterPoint Energy Obtains Gas Gathering, Processing Assets
Wednesday, June 20, 2012
CenterPoint Energy Field Services LLC (CEFS), a wholly-owned natural gas gathering, processing and treating subsidiary of CenterPoint Energy Inc., has entered into two agreements to acquire gathering and processing assets located in northeast Texas, U.S.A.
The first acquisition is for the gathering and processing assets of Prism Gas Systems I, L.P. (Prism), a wholly-owned subsidiary of Martin Midstream Partners L.P., as well as other assets from Martin Midstream’s natural gas services segment for US$275 million. The assets include Prism’s 50% interest in Waskom Gas Processing Co., which includes a 320 MMcfd (9.0 X 106 m3/d) natural gas processing facility; the Woodlawn plant and gathering system; and the McLeod, Hallsville and Darco gathering systems.
The second acquisition is a 15-year agreement with Encana Oil & Gas Inc., a subsidiary of Encana Corp., to gather and treat its natural gas production from the Amoruso and Hilltop fields located in Robertson and Leon counties in east Texas. CEFS also purchased Encana’s 139 mi. (223.7 km) Amoruso gathering systems for US$89 million.
For more information: www.CenterPointEnergy.com