American Midstream Partners To Buy JP Energy In $2B Deal

Law360, New York (October 24, 2016, 8:47 PM EDT) -- Two oil and gas companies sponsored by energy-focused private equity shop ArcLight Capital Partners LLC are set to merge in a unit-for-unit deal that will create a midstream energy company with a value of about $2 billion, the companies said on Monday.

American Midstream Partners LP will acquire 100 percent of JP Energy Partners LP under the agreement. The combined company — which will gather, treat, process and transport oil and natural gas — will operate in areas such as the Gulf of Mexico, the Bakken basin in Montana and North Dakota, the Eagle Ford basin in Texas and the Permian...

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