enterprise acquires acadian gas news brief :
enterprise acquires acadian natural gas pipeline system
enterprise products partners l . p . said its operating partnership has
executed a definitive agreement to purchase acadian gas , llc from coral
energy , llc , an affiliate of shell oil company , for $ 226 million in cash ,
inclusive of working capital .
acadian ' s assets are comprised of the acadian , cypress and evangeline
natural gas pipeline systems , which together include over 1 , 000 miles of
pipeline and have over one billion cubic feet per day of capacity . the
system includes a leased natural gas storage facility at napoleonville , la
with 3 . 4 bcf of capacity .
the acquisition expands enterprise products ' platform of fee - based ,
midstream energy services to include natural gas transportation and storage .
completion of this transaction is subject to certain conditions , including
regulatory approvals . the purchase is expected to be completed in the fourth
quarter of 2000 .
enterprise acquires acadian gas
news brief :
enterprise acquires acadian natural gas pipeline system
enterprise products partners l . p . said its operating partnership has
executed a definitive agreement to purchase acadian gas , llc from coral
energy , llc , an affiliate of shell oil company , for $ 226 million in cash ,
inclusive of working capital .
acadian ' s assets are comprised of the acadian , cypress and evangeline
natural gas pipeline systems , which together include over 1 , 000 miles of
pipeline and have over one billion cubic feet per day of capacity . the
system includes a leased natural gas storage facility at napoleonville , la
with 3 . 4 bcf of capacity .
the acquisition expands enterprise products ' platform of fee - based ,
midstream energy services to include natural gas transportation and storage .
completion of this transaction is subject to certain conditions , including
regulatory approvals . the purchase is expected to be completed in the fourth
quarter of 2000 .