Black Bear Transmission has divested gas gathering assets owned by BBT Alabama to an undisclosed buyer. Financial terms were not disclosed.
BBT AL owns and operates a fee-based, natural gas–gathering system that connects production in Alabama to regional long-haul pipelines. The asset sale consists of more than 240 miles of natural gas pipelines, 26 active-metered locations and one active compressor station.
Black Bear CEO Rene Casadaban said the sale will allow the company to keep its main focus on the transmission business.
“This sale is another example of the team’s ability to quickly execute on the strategic rationalization of acquired assets,” added Scott Langston, senior vice president and CCO for Black Bear.
Black Bear Transmission transports and delivers natural gas from various pipeline receipt points to utility, power generation and industrial customers in the Southeast United States. Following the sale, Black Bear will own and operate 1
