PE-Backed Meritage Midstream Buys Wyo. Natural Gas Co.

Law360, New York (August 20, 2013, 2:35 PM EDT) -- Private equity-backed Meritage Midstream Services II LLC has acquired Thunder Creek Gas Services LLC and its Wyoming natural gas pipeline, compression and processing assets, buoyed by a previous $500 million investment from Riverstone Holdings LLC, Colorado-based Meritage said Tuesday.

Meritage acquired Thunder Creek from Devon Energy Corp. and publicly traded natural gas limited partnership PVR Partners LP. The deal, which closed on Monday, gives Meritage more than 500 miles of new high- and low-pressure gas gathering pipelines among other Thunder Creek assets.

"The Thunder Creek system...
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