Deal snapshot: AMERICAN MIDSTREAM ACQUIRES ADDITIONAL DELTA HOUSE GULF OF MEXICO INTEREST FOR USD 49M.
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.
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
Buyer advisor: , ,
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Nov 2, 2016|
|Previous Article:||Deal snapshot: FERRO ACQUIRES ELECTRONIC PACKAGING MATERIALS FIRM ELECTRO-SCIENCE LABORATORIES FOR USD 75M.|
|Next Article:||Deal snapshot: LEGENDS ACQUIRES UK SPORTS AND ENTERTAINMENT GROUP INTERNTIONAL STADIA.|