September 5, 2018 / 11:22 AM / 2 months ago

EagleClaw Midstream to buy rival Caprock for about $950 mln

Sept 5 (Reuters) - Blackstone-backed pipeline company EagleClaw Midstream Ventures LLC said on Wednesday it would buy rival Caprock Midstream Holdings for about $950 million.

EagleClaw, which operates in the oil-rich Permian Basin in West Texas, will buy Caprock from Dallas-based private equity firm Energy Spectrum Capital. (Reporting by Karan Nagarkatti in Bengaluru; Editing by Sriraj Kalluvila)

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