EOG Letting Go Of Bakken Midstream Assets For $185 Million

摘要

Aux Sable Liquid Products, LP, Enbridge Inc., Veresen Inc. and Williams Partners, LP, have reported that Sable NGL LLC, an affiliate of Aux Sable, has executed an agreement with a wholly owned subsid- iary of EOG Resources Inc. to purchase and operate the Stanley Condensate Re- covery Plant and the Prairie Rose Pipe- line. The Prairie Rose Pipeline connects the Stanley Plant to the Alliance Pipeline, which delivers high energy dense phase gas to Aux Sable's Channahon, Illinois Plant for processing. The purchase agree- ment calls for the $185 million transac- tion to close in July 2011.