Crestwood Midstream Partners LP Completes Acquisition Of Natural Gas Compression And Dehydration Assets From Enerven Compression, LLC

Wednesday, 2 Jan 2013 08:00am EST 

Crestwood Midstream Partners LP as operator and 35% owner of Crestwood Marcellus Midstream LLC (CMM), announced that on December 28, 2012, CMM completed the acquisition of natural gas compression and dehydration assets from Enerven Compression, LLC (Enerven) for $95 million. The transaction was funded under CMM's existing $200 million revolving credit facility. The acquisition includes four Enerven compressor stations which are connected to CMM's low pressure gathering systems in Harrison County, West Virginia and a five-year minimum term Compression Services Agreement with Antero Resources Appalachian Corp. Going forward, CMM will provide compression services to Antero under both the Enerven Compression Services Agreements, which expire in 2018, and the 20-year CMM Antero Gathering and Compression Agreement (the CMM Antero Contract), which commenced in January 2012. 

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