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American Midstream Partners Acquires $115 Million Of Assets

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July 17, 2014

American Midstream Partners LP (NYSE: AMID) acquired assets from an affiliate of DCP Midstream LLC through a purchase and sale agreement, American Midstream said July 14.

For about $115 million, the Mobile Bay gas processing plant, the Dauphin Island gathering/transmission system, and interest in the Main Pass oil gathering system were acquired, the company said.

The Mobile Bay plant processes 300 million cubic feet per day (MMcf/d) of gas, the Dauphin Island system can handle about 1 Bcf/d, and the Main Pass system can handle about 160 Mbbl/d of oil, ...

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