Wednesday, November 22, 2017

Blackstone to buy EagleClaw Midstream

Posted by April 17, 2017

File Image (CREDIT: AdobeStock / (c) pisotckii)

EagleClaw Midstream Ventures LLC said on Monday it agreed to be bought by funds managed by Blackstone Group LP for about $2 billion.
 
EagleClaw Midstream Ventures LLC, which owns and operates natural gas pipelines and processing facilities, said the all-cash deal includes about $1.25 billion in debt, financed by Jefferies LLC.
 

EagleClaw is the largest privately held midstream operator in the Permian's Delaware Basin in West Texas.


Reporting by Arathy S Nair 

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