(Changes value of assets to $1.6 bln in headline)
Dec 23 Natural gas pipeline operator Regency
Energy Partners said it would buy pipeline and related
assets from Eagle Rock Energy Partners and Hoover
Energy Partners for about $1.6 billion.
Eagle Rock's assets, valued at $1.3 billion, include about
8,100 miles of gathering pipelines and processing plants with a
total capacity of more than 800 million cubic feet per day.
The acquisitions will give Regency Partners an increased
exposure in Texas, the company said on Monday.
Regency's $290 million deal with Hoover Energy will help the
company expand its footprint in the southern portion of the
Delaware basin in West Texas.
Regency Energy's shares rose more than 3 percent in
(Reporting By Kanika Sikka in Bangalore; Editing by Saumyadeb