Black Bear Transmission Sells Alabama Gas Gathering Assets
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Black Bear Transmission has completed the divestiture of gas gathering assets owned by BBT Alabama to an undisclosed buyer. Terms of the transaction were not disclosed.
This divestiture follows Black Bear’s most recent acquisition — the purchase of the NGT Assets from Third Coast Midstream in September 2020.
BBT Alabama owns and operates a fee-based, natural gas gathering system that connects production in Alabama to regional long-haul pipelines. The asset sale consists of more than 240 miles of natural gas pipelines, 26 active metered locations, and one active compressor station.
“We are excited to complete this transaction. The sale of these assets allows us to continue our main focus on the transmission business, which serves long-term, demand-driven end-user markets, while continuing to provide safe and reliable service,” said Rene Casadaban, chief executive officer of Black Bear.
“This sale is another example of the team’s ability to quickly execute on the strategic rationalization of acquired assets,” said Scott Langston, senior vice president and chief commercial officer for Black Bear.
“Similar to the Ozark Gas Gathering sale, this deal allows us to achieve operational cost savings while at the same time directing more internal resources towards our core natural gas transmission infrastructure. We appreciate all of the hard work from everybody involved to complete this sale,” added Langston.
About Black Bear Transmission
Black Bear Transmission transports and delivers natural gas from various pipeline receipt points to utility, power generation and industrial customers in the Southeast United States. Following this sale, Black Bear owns and operates 13 regulated natural gas pipelines stretching more than 2,300 miles, with total delivery capacity of more than 2.6 Bcf per day. The pipelines are connected to 18 major long-haul pipelines, ensuring reliable gas supply to customers across Alabama, Arkansas, Louisiana, Mississippi, Missouri, Oklahoma, and Tennessee. Black Bear Transmission is headquartered in Houston, Texas.
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