NGL Energy Partners acquires more assets

February 10, 2012 By    

NGL Energy Partners LP signed an agreement with North American Propane Inc. to acquire assets in Massachusetts, Maine, Connecticut, New Hampshire, Rhode Island, Pennsylvania, Delaware, New Jersey and Maryland, the partnership announced. North American Propane serves more than 50,000 customers and delivers about 18 million gallons of retail propane volume, 8 million gallons of wholesale propane volume and 10 million gallons of distillate volume annually. In addition, the assets include three propane terminals, two of which have rail and truck capability, with a combined propane storage capacity of 1.2 million gallons. Upon closing, NGL midstream will own 18 natural gas liquids terminals from coast to coast. The transaction was expected to close at the end of January or early February.

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About the Author:

Kevin Yanik was a senior editor at LP Gas Magazine.

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