Anadarko Selling Majority Stake in Pipeline

April 2016, Vol. 243, No. 4

Western Gas Partners LP will buy a majority stake in Anadarko Petroleum Corp.’s South Texas oil and gas pipeline system for $750 million. The deal is for Springfield Pipeline LLC, which owns a 50.1% share in the overall gathering system in the Eagle Ford shale basin. The system serves Anadarko and its partners’ production there.  Springfield system includes 548 miles of gas-gathering lines with a capacity of 795 MMcf/d; 241 miles of oil-gathering lines with a capacity of 130 MMbp/d; 24 compressor stations; 260,000 bbls of oil storage; and 75,000 bpd of “stabilization capacity.”

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