Atlas Subsidiary To Pay $1B For Eagle Ford Outfit

Law360, Los Angeles (April 16, 2013, 9:14 PM EDT) -- Atlas Energy LP subsidiary Atlas Pipeline Partners LP has agreed to acquire 100 percent of the equity interests of privately owned midstream operator TEAK Midstream LLC in the core of the Eagle Ford shale for $1 billion in cash, Atlas Pipeline announced Tuesday.

Upon closing of the transaction, which is expected in the second quarter pending certain regulatory approvals, Atlas Pipeline will acquire two processing plants and 265 miles of pipeline belonging to TEAK, a natural gas gathering and processing company with assets located in the...
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