Harvest Buys Remaining Interest in Arrowhead Gulf Coast Holdings

Harvest Midstream announced on July 20 the signing, funding and closing of a transaction to purchase the remaining interest of Arrowhead Gulf Coast Holdings LLC, a critical network of pipelines and terminals serving the Louisiana refinery market and regional production.

Hart Energy Staff
Harvest Midstream, Arrowhead Gulf Coast Holdings

Arrowhead Gulf Coast Holdings' pipeline and terminal operations will expand Harvest Midstream's already established interests in southern Louisiana. (Source: G B Hart / Shutterstock.com)

Harvest Midstream purchased the remaining interest in Arrowhead Gulf Coast Holdings LLC, making Harvest the sole owner of the company, a press release announced on July 20.

Arrowhead's operations include 300 miles of pipelines and terminal assets in southern Louisiana used for the transport of crude oil and condensate, including the BOA/CAM pipelines that supply crude to the Valero Meraux and PBF Chalmette refineries.

The company's other pipeline and terminal assets include Golden Cocodrie, Atchafalaya, Eugene Island, Erath Tank Farm, Burns dock, Burns terminal and Sabine.

Prior to Harvest signing, funding and closing on the transaction, it held a 62.5% stake in the company, with BlackRock Real Assets owned the remaining 37.5% stake.

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