Crestwood Midstream Partners LP, as operator and 35% owner of Crestwood Marcellus Midstream LLC, announced an agreement by CMM to acquire natural gas compression and dehydration assets from Enerven Compression, LLC for $95 million.
The assets, located on CMM’s gathering systems in Harrison and Doddridge counties, WV serve the Marcellus Shale development of Antero Resources Appalachian Corp.
The Enerven assets include four compression and dehydration stations comprised of 31 two- and three-stage, reciprocating natural gas compressor units and 10 glycol dehydration units. The compressor stations receive Antero’s gas production from CMM’s low pressure gathering facilities for redelivery to downstream high-pressure pipelines and processing plants. CMM is acquiring 43,100 horsepower of compression designed to provide aggregate capacity of 295 MMcf/d to Antero. All of the Enerven compressor stations are fully utilized with ongoing projects to expand two of the four stations by 25 MMcf/d.