Owners Eye Sale of Bakken Pipeline Firm

摘要

Caliber Midstream Partners, the owner of an oil and gas pipeline network in North Dakota, is exploring a sale that it hopes could value it at as much as $1 billion including debt, according to people familiar with the process. Caliber's owners, private equity firm First Reserve and oil and gas exploration and production company Triangle Petroleum, have interviewed investment banks in recent weeks about hiring a financial advisor to help run an auction for the company, the people said.