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News Breaks | | | | November 26, 2012 | | 08:12 EDT |  | CMLP | Crestwood Midstream announces bolt-on acquisition of compression assets for $95M
Crestwood Midstream, as operator and 35% owner of Crestwood Marcellus Midstream, announced an agreement by CMM to acquire natural gas compression and dehydration assets from Enerven Compression for approximately $95M. The assets, located on CMM's gathering systems in Harrison and Doddridge Counties, West Virginia, serve the Marcellus Shale development of Antero Resources Appalachian. The assets are currently operating under a five year compression services agreement with Antero and are expected to contribute approximately $11M-$12M of contracted EBITDA to CMM in 2013. The acquisition is expected to close before December 31 and will be financed through CMM's existing $200M credit facility. | |
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| May 13, 2013 | | 07:37 EDT |  | CMLP | BofA/Merrill to host a conference
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