Enstor Pipeline, an affiliate of Enstor Gas, has signed a purchase and sale agreement with funds advised by Basalt Infrastructure Partners for the acquisition of Black Bear Transmission Opco. Financial terms were not disclosed.
Black Bear is a long-term contracted pipeline business that delivers natural gas from multiple receipt points to power generation, industrial and utility customers across the Southeast United States. The company includes nine regulated transmission systems totaling approximately 1,700 miles of pipeline, with a throughput capacity of about 2.6 billion cubic feet per day (Bcf/d). Its pipelines interconnect with 16 major long-haul pipelines and storage facilities across seven states – Alabama, Arkansas, Louisiana, Mississippi, Missouri, Oklahoma and Tennessee.
Enstor, one of the largest privately owned natural gas-storage companies in the United States, is composed of six underground natural gas-storage facilities and approximately 170 miles of p
