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Deal snapshot: AMERICAN MIDSTREAM ACQUIRES ADDITIONAL DELTA HOUSE GULF OF MEXICO INTEREST FOR USD 49M.

MANews-(C)2009-2016

Houston, Texas-based midstream energy assets owner American Midstream Partners, LP (NYSE: AMID) has acquired and closed on additional minority interests in Gulf of Mexico-based semi-submersible floating production system Delta House and associated oil and gas pipelines in the Gulf Coast, bringing its total equity interest to 20.14%, the partnership said.

The partnership acquired the additional interests from Red Willow Offshore LLC, LLOG Bluewater Holdings LLC, and Ridgewood Energy Corp. for total consideration of approximately USD 49m. Delta House is operated by LLOG Exploration Offshore, LLC and is located in the Mississippi Canyon region of the deep-water Gulf of Mexico.

Country: USA

Sector: Petroleum/Natural Gas/Coal

Target: Additional interests in Delta House

Buyer: American Midstream Partners

Vendor: Red Willow Offshore LLC, LLOG Bluewater Holdings LLC, and Ridgewood Energy Corp

Deal size in USD: 49m

Type: Corporate Acquisition

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:0GULF
Date:Nov 2, 2016
Words:148
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