NGL Energy Acquires Eagle Ford Disposal Assets In Coastal Plains Deal – $116 Million

NGL Energy Subsidiary High Sierra Water Will Operate The Three Disposal Facilities
High Sierra Water Disposal Facility

High Sierra Water Disposal Facility | Click to Enlarge

NGL Energy Partners has acquired Coastal Plains #1, LLC, a subsidiary of WinCo Development, for $109.5 million in cash and approximately $6.8 million in stock (~$116 million total). The water disposal facilities will be added to NGL Energy partner’s existing business in the area – High Sierra Water-Eagle Ford, LLC.

The deal adds three water disposal facilities to High Sierra’s existing water gathering and treatment portfolio. The deal includes the option to acquire two permits and a fourth water disposal facility that is under construction. Costal Plains #1’s 40 employees will now work for High Sierra Water. [Read more…]

NGL Energy Buys Eagle Ford Crude Oil Terminal & Barge Business

NGL Energy Doubles The Size Of It's Marine Equipment Fleet With The Acquisition

NGL Energy Partners Crude Oil Logistics Business

NGL Energy Partners Crude Oil Logistics Business | Click to Enlarge

NGL Energy partners, based in Tulsa, Oklahoma, is purchasing Crescent Terminals LLC and its interests in Cierra Marine LP.

The terminal facility adds 130,000 barrels of storage capacity and throughput capacity of 20,000 b/d. Cierra Marine’s assets include four tow boats and seven crude oil barges. The deal roughly doubles the size of NGL Energy Partner’s fleet of marine equipment.

The deal adds to the company’s ability to service the inter-coastal waterways. NGL Energy Partners already operates the Rio Hondo Terminal and the Texas Intercoastal Marine Terminal.

Read the full press release at nglenergypartners.com

Don’t Forget The Texas Eagle Ford Oil & Gas Expo In Corpus Christi- It starts tomorrow July 16th

You can learn more about the expo HERE.

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