Producers Midstream II, a Dallas-based portfolio company of Tailwater Capital focused on providing a full suite of turnkey midstream solutions to producers across the U.S., announced that it has signed definitive agreements to acquire 100 percent of Midcoast Energy's gas gathering and processing assets in the Anadarko Basin (Anadarko G&P) and a 35-percent operating interest in Texas Express Gathering (TEG), a Y-grade gathering pipeline. Each is subject to customary closing conditions.
Spanning the Texas panhandle and western Oklahoma, Anadarko G&P includes more than 3,200 miles of pipeline, 870 million cubic feet per day of available processing capacity, and about 292,000 horsepower of compression across the Anadarko Basin. TEG consists of a 138-mile Y-grade gathering pipeline that connects Anadarko Basin and Barnett Shale gas-processing facilities to the Texas Express Pipeline and ultimately to the Mont Belvieu NGL hub.
Upon completion of the transac
