Houston energy co., private equity firm ink deal for assets, new pipeline

A Houston-based energy company is teaming up with another Houston-based private equity firm to build a roughly $170 million natural gas pipeline between New Mexico and Texas.

Crestwood Equity Partners LP (NYSE: CEQP) and First Reserve have bought Crestwood’s Willow Lake gathering and processing assets located in Eddy County, New Mexico, as part of the project, according to a release. The two companies are also building a 200 million cubic feet per day cryogenic gas processing plant located near…

Houston energy co., private equity firm ink deal for assets, new pipeline syndicated post

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