Harvest Midstream Acquires Louisiana Pipeline System
(P&GJ) — Harvest Midstream (Harvest) announced the closing of a transaction to purchase the remaining interest of Arrowhead Gulf Coast Holdings LLC (AGCH), a critical network of pipelines and terminals serving the Louisiana refinery market and regional production.
The AGCH system includes nearly 300 miles of crude and condensate pipelines and terminal assets in South Louisiana. The BOA/CAM pipelines are integral to the crude supply of the Valero Meraux and PBF Chalmette refineries. Other pipeline and terminal assets include Golden Cocodrie, Atchafalaya, Eugene Island, Erath Tank Farm, Burns dock, Burns terminal, and Sabine.
“Harvest has a long history of operating in southern Louisiana,” Jason Rebrook, Harvest CEO, said. “The closing on AGCH is a continuation of our longstanding commitment to the region. It also shows the tremendous potential we see along the Louisiana Gulf Coast. We are committed to providing best-in-class service to our customers as the region continues to grow.”
The transaction will bring AGCH under full ownership of Harvest. Prior to today’s announcement, a fund managed by BlackRock Real Assets held a 37.5% stake and Harvest owned the remaining 62.5%.
Related News
Related News
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
Comments