The Online Investor
Daily M&A
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Wed., May. 8, 7:03 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #51. Crestwood Midstream Partners Arrow Midstream

Acquirer: Crestwood Midstream Partners (CMLP)
Acquiree: Arrow Midstream
Details: Crestwood Midstream Partners LP (NYSE: CMLP) ("Crestwood" or the "Partnership") today announced that its wholly-owned subsidiary, Crestwood Arrow Acquisition LLC ("Crestwood Arrow"), has entered into an agreement to acquire Arrow Midstream Holdings, LLC ("Arrow"), a privately-held midstream company, for approximately $750 million, subject to customary purchase price adjustments. The acquisition marks a continuation of Crestwood's liquids-focused strategy by significantly expanding Crestwood's operational footprint in the Bakken Shale and highlights the immediate benefits of the merger of Crestwood and Inergy Midstream, which was completed on Monday, October 7, 2013. The transaction is expected to be immediately accretive to Crestwood's estimated distributable cash flow per limited partner unit in 2014, with growing accretion thereafter based upon projected production increases from the Arrow assets. The transaction is expected to close in the fourth quarter of 2013.

Crestwood Midstream Partners is a limited partnership that develops, acquires, owns and operates primarily fee-based assets and operations within the energy midstream sector. Co. has three segments: gathering and processing, which provides natural gas gathering, processing, treating and compression services in unconventional shale plays in West Virginia, Wyoming, Texas, Arkansas, New Mexico and Louisiana; natural gas liquid (NGL) and crude services, which includes its crude oil rail terminals, the Arrow gathering system, a NGL storage facility, and operations of its US Salt, LLC subsidiary; and storage and transportation, which consists of its natural gas storage and transportation assets.

Open the CMLP Page at The Online Investor »

Company Name:  Crestwood Midstream Partners LP (New)
Website:  www.crestwoodlp.com
Sector:  Oil & Gas Equipment & Services
 

Open the CMLP Page at The Online Investor (in a new window) »

May 8, 2024    7:03 AM Eastern
Quotes delayed 20 minutes

Email EnvelopeFree CMLP Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (2.71 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Oil & Gas Equipment & Services M&A - Slide 51 of 100 | www.TheOnlineInvestor.com | Copyright © 1998 - 2024, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.