Caliber Grows Bakken Footprint With American Midstream Deal

The deal also marks the first transaction for American Midstream Partners since completing its merger with private-equity firm ArcLight Capital.

Caliber Grows Bakken Footprint With American Midstream Deal

Pictured are oil pipelines in North Dakota. Caliber Midstream’s initial asset base is located in the heart of the Bakken and Three Forks shale play in McKenzie County, N.D. (Source: Shutterstock.com)

Caliber Midstream Holdings LP picked up North Dakota assets in an acquisition that the Denver-based company said Aug. 6 expands its footprint in the Bakken Shale.

The acquisition, from American Midstream Partners LP for an undisclosed value, includes crude oil gathering and pipeline transportation system in McKenzie County, N.D. With the purchase, Caliber said it will now own and operate 368 miles of pipeline across its four service lines in McKenzie County, N.D.

The deal also marks the first transaction for American Midstream since completing its merger with private-equity firm ArcLight Capital Partners LLC on July 23.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.