High Point Gas Purchases SNG Pipeline Assets

October 2011, Vol. 238 No. 10

High Point Gas Transmission, a partnership between an affiliate of ArcLight Capital Partners, LLC and High Point Energy LLC, has entered into a purchase and sale agreement with Southern Natural Gas Company to acquire certain natural gas pipeline assets located in SNG’s supply area south of the Toca compressor station on its east leg in Louisiana.

The proposed sale encompasses 621 miles of onshore and offshore pipeline ranging from 4-to-26 inches in water depths of up to 1,000 feet, including four platforms, 68 active receipt points and 25 active delivery points, and certain related pig launching and receiving equipment, machinery, electronic flow measurement and communications equipment, rights of way, easements, permits and line pack. The sale is subject to FERC approval and certain other customary closing conditions, and is expected to close in 2012.