Black Bear Transmission, a portfolio company of Basalt Infrastructure Partners II, has completed the acquisition of Ozark Gas Transmission (OGT) and Ozark Gas Gathering (OGG) from a subsidiary of Enbridge Inc. Financial terms were not disclosed.
OGT owns and operates a 367-mile, interstate natural gas pipeline transportation system that extends from southeastern Oklahoma through Arkansas to southeastern Missouri. OGT is connected to major long-haul natural gas pipelines, according to Black Bear Transmission.
The other element of the Ozark pipeline, OGG, owns and operates a fee-based, 330-mile natural gas gathering system that connects regional production into OGT’s pipeline.
“We are very excited to add the Ozark pipeline and gathering system to the Black Bear Transmission portfolio,” said Rene Casadaban, CEO of Black Bear Transmission. “This investment expands our asset base of high-quality, demand-driven natural gas pipelines serving utilities and other