Howard Energy Partners (HEP) has closed on its acquisition of equity interests in the Midship Pipeline from a subsidiary of Cheniere Energy Inc., the private energy infrastructure company announced Feb. 13.

Located in the Anadarko Basin in Oklahoma, the 200-mile, 36-inch pipeline begins in Kingfisher County and ends near Bennington. The line takes natural gas from the SCOOP/STACK plays to the Gulf Coast to feed demand in the Southeast.

HEP is assuming operatorship of the line, which is regulated by the Federal Energy Regulatory Commission and has a capacity of 1.1 Bcf/d, with the ability to expand to 1.4 Bcf/d.

“We have operated natural gas gathering pipelines in Oklahoma for years and this acquisition is consistent with our strategy of scaling and integrating assets in basins that support long term natural gas demand,” said Howard Energy Partners’ Chairman and CEO Mike Howard.

The deal closes out a record year in M&A for Howard with over $1.1 billion in transactions in 2024, HEP said in the press release. In January, HEP also closed on a deal for Texas NGL pipeline EPIC Olefins from EPIC Midstream Holdings.

TD Securities (USA) LLC served as financial adviser and Kirkland & Ellis LLP as legal adviser to Howard Energy Partners in relation to the transaction.

Terms and financial details of the deal were not disclosed.

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