Monday, August 27, 2018
Boston-based ArcLight Capital Partners has acquired Midcoast Operating LP from Enbridge Inc. (Calgary) for about $1.1 billion in cash. Midcoast owns and operates three natural gas gathering and processing systems in Texas and Oklahoma; a long-haul NGL transmission system delivering from multiple supply areas, including the Denver-Julesburg and Permian basins to Mont Belvieu; and a marketing and logistics business.