Enterprise Products Partners LP (NYSE: EPD) said March 15 it will acquire natural gas gathering pipelines serving the Haynesville, Bossier, Cotton Valley and Travis Peak formations for $189 million as part of a bankruptcy auction.An affiliate of the Houston-based company executed a definitive agreement to acquire the midstream business and assets of Azure Midstream Partners LP and its operating subsidiaries in East Texas and Northern Louisiana as a result of Azure’s bankruptcy auction proceedings.The acquisition includes more than 960 miles of natural gas gathering pipelines, three natural gas processing facilities with an aggregate capacity of about 210 million cubic feet per day and two 10,000 barrel per day NGL pipelines. The assets are located in Panola, Harrison, Angelina, Shelby, San Augustine, Sabine, Nacogdoches and Rusk counties, Texas, and DeSoto and Caddo parishes, La.
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Source: Daily Dose of ShaleDirectories.com News