NGL Energy Partners Bulks Up In $693M High Sierra Buy

Law360, New York (May 21, 2012, 3:01 PM EDT) -- NGL Energy Partners LP will pay $693 million for equity interests in High Sierra Energy LP and its general partner, expanding NGL's repertoire to crude oil transport and water treatment services during a domestic oil and gas boom, NGL said Monday.

The cash-and-stock transaction, about $150 million of which will be paid in cash, is expected to close in early June pending HSE shareholder approval. HSE general partner High Sierra Energy GP LLC is also part of the package.

With the discovery and continued exploration of...
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