NGL Energy Partners LP Announces Acquisition Of Coastal Plains Disposal #1 LLC

Tuesday, 3 Sep 2013 01:49pm EDT 

NGL Energy Partners LP announced that it has acquired the water disposal business of Coastal Plains Disposal #1, LLC, a Texas limited liability company (Coastal Plains), owned by WinCo Development, LLC, a Texas limited liability company, for 222,381 common units and $109.5 million in cash. The acquisition also includes an option to acquire a fourth water disposal facility currently under development, which is expected to be operational prior to the end of the year, and options to acquire two additional strategically located permitted locations. 

Company Quote

0.83 +2.71%
4:02pm EDT