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News Breaks | | | | October 24, 2012 | | 05:59 EDT |  | NGL | NGL Energy Partners announces agreement with Pecos Gathering & Marketing
NGL Energy Partners LP announced the signing of an agreement with Pecos Gathering & Marketing, L.L.C. and its affiliated companies to acquire all of the limited liability company membership interests of Pecos for cash, plus an additional payment for agreed upon capital expenditures. The assets of Pecos consist primarily of crude oil purchasing and logistics operations in the Permian and Eagle Ford areas in Texas and New Mexico, along with related contracts, permits and real and personal property. Pecos purchases, gathers and/or transports 60,000 barrels per day of production and operates approximately 140 trucks. Jerry, Jonathan and Chris Jensen will remain with NGL in executive positions. The purchase price will be financed through borrowings under NGL’s Credit Facility. The transaction is expected to close Nov. 1, subject to normal closing conditions. | |
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| May 8, 2013 | | 17:49 EDT | | NGL | NGL Energy Partners appoint Atanas H. Atanasov as CFO
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