Plains to Sell Gulf Coast Gas Assets for $850 Million
Transaction Type
Sellers
Buyers
Basin
US Gulf Coast
Announce Date
Post Date
Estimated Price
850MM
Description
To acquire the Pine Prairie and Southern Pines natural gas storage facilities along the US Gulf Coast consisting of approximately 70 Bcf of total working gas capacity across nine caverns in LA and MS, along with associated base gas, header pipelines and compression facilities. (Expected to close 3Q 2021)