Atlas Pipeline Partners has agreed to buy Eagle Ford Midstream assets through a $1 billion acquisition ofTeak Midstream, LLC. Atlas will gain Teak's operated assets and assets that are jointly owned with TexStar Midstream.

Assets acquired in the deal included:

• 200 MMcfd of cryogenic processing plant (Silver Oak)
• 200 MMcfd cryogenic processing facility under construction (Silver Oak II)
• 265 miles of 20" to 24" gathering and residue pipelines with 750 mmcfd of capacity
• 275 miles of low pressure gathering lines

Atlas will also acquire a 50-75% interest in several assets jointly owned with TexStar Midstream. Atlas is expected to operated the assets once the deal closes:

• 235 miles of pipeline, including rich gas gathering, header, and residue pipelines
• 3 miles of NGL pipeline
• A Co-Gen facility, which will produce power for the Silver Oak complex

Atlas expects to further expand the assets going forward. Expansion projects include the potential for additional gathering lines and a third 200 mmcfd processing plant.