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Atlas Pipeline enters Eagle Ford shale with $1 bln buy
April 16, 2013 / 9:01 PM / 5 years ago

Atlas Pipeline enters Eagle Ford shale with $1 bln buy

April 16 (Reuters) - Atlas Pipeline Partners LP said it will buy privately owned natural gas gathering and processing company TEAK Midstream LLC for $1 billion in cash to expand into the Eagle Ford shale field in South Texas.

The acquired assets include a 200 million cubic feet per day (mmcfd) cryogenic processing plant and a gas header pipeline with 750 mmcfd of throughput capacity, Atlas Pipeline said.

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