Black Bear Transmission Sells Ozark Natural Gas Gathering Assets to Undisclosed Buyer
(P&GJ) — Black Bear Transmission has completed the divestiture of all the assets owned by Ozark Gas Gathering to an undisclosed buyer.
This divestiture follows two bolt-on acquisitions completed by Black Bear this year – the purchase of the Ozark Gas Transmission and Gathering systems from Enbridge in April 2020 and the NGT Assets from Third Coast Midstream in September 2020.
OGG owns and operates a fee-based, natural gas gathering system that connects regional production in Oklahoma and Arkansas to Ozark Gas Transmission and other long-haul pipelines. The asset sale consists of more than 220 active metered locations, approximately 330-miles of natural gas pipelines, and 19 active compressor units totaling 11,400 horsepower.
“A key part of our strategy when we purchased the Ozark assets from Enbridge was to divest the gathering system and focus on the transmission line,” added Scott Langston, Senior Vice President and Chief Commercial Officer for Black Bear.
The terms of the transaction are not being disclosed.
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