Azure Midstream Completes Acquisition Of TGGT Midstream

January 2014, Vol. 241 No. 1

Azure Midstream Holdings LLC has completed its acquisition from EXCO Resources Inc. and BG Group plc of 100% of the equity interest in TGGT Holdings LLC for $910 million. In a related transaction, the East Texas Gathering (ETG) System, an asset managed by Tenaska Capital, is being contributed for an additional ownership interest.

With the combination of TGGT and ETG, Azure will operate more than 1,300 miles of gathering pipelines that move natural gas from north Louisiana and east Texas supply basins to 20+ existing major intrastate and interstate pipelines in the region. The pipelines have a combined delivery capacity of 4 Bcf/d including 2.7 Bcf/d of treating capacity. The systems now gather and deliver approximately 1.3 Bcf/d.

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