Black Bear Transmission Sells Mississippi Gas Gathering Assets
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Black Bear Transmission (BBT) has completed the divestiture of gas gathering assets owned by BBT Mississippi to Skye MS of Columbia, Mississippi.
BBT MS owns and operates a fee-based, natural gas transmission system that delivers gas to utility, industrial, and power generation customers and connects wellhead production in Mississippi to regional long-haul pipelines. The asset sale consists of more than 120 miles of natural gas pipelines and eight active metered locations.
“We are happy to announce the closing of this deal. This transaction represents continued execution of our ongoing efforts to divest non-core, production-focused assets within our pipeline portfolio,” said Rene Casadaban, chief executive officer of Black Bear.
“We remain committed to our core business, which is to maintain and grow our substantial market-driven natural gas transmission network, while continuing to provide safe and reliable service,” added Casadaban.
“This is another solid win for our team. As of today, we have successfully transferred more than seven hundred (700) miles of supply-driven gathering pipelines, twenty (20) compressors, and two-hundred and fifty (250) metering stations over the past three years,” said Scott Langston, senior vice president and chief commercial officer for Black Bear.
“We will continue to identify and advance all opportunities to improve our business via corporate development and organic growth initiatives,” added Langston.
The terms of the transaction are undisclosed.
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. Black Bear owns and operates 12 regulated natural gas pipelines stretching more than 1,900 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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