Crestwood expands Bakken footprint with acquisition

October 14, 2013 By    

Crestwood Midstream Partners LP acquired Arrow Midstream Holdings LLC, a privately held midstream company, for about $750 million. According to a press release, Arrow owns and operates crude oil-, natural gas- and water-gathering systems located in the Bakken shale in North Dakota.

The system consists of more than 460 miles of gathering pipeline, including 150 miles of crude oil-gathering pipeline, 160 miles of natural gas-gathering pipeline and 150 miles of water-gathering lines. Current volumes on the system are about 50,000 barrels per day of crude oil, 15 million cubic feet per day of natural gas and 8,500 barrels per day of water.

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