Black Bear Transmission Sells Alabama Gas Gathering Assets
Special to P&GJ
Black Bear Transmission announced it has completed the divestiture of BBT Alabama’s gas gathering assets to an undisclosed buyer.
This divestiture follows Black Bear’s most recent acquisition – the purchase of the NGT Assets from Third Coast Midstream in September.
BBT Alabama owns and operates a fee-based, natural gas gathering system that connects production in Alabama to regional long-haul pipelines. The asset sale consists of more than 240 miles of natural gas pipelines, 26 active metered locations, and 1 active compressor station.
“We are excited to complete this transaction,” said Black Bear CEO Rene Casadaban. “The sale of these assets allows us to continue our main focus on the transmission business, which serves long-term, demand-driven end-user markets, while continuing to provide safe and reliable service.”
The deal allows Black Bear to achieve operational cost savings while directing more internal resources towards our core natural gas transmission infrastructure, the company said.
The terms of the transaction were not disclosed.
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