Big Law

Crestwood buys Williams’ Jackalope stake for $484.6M

Williams and Crestwood Equity Partners announced Wednesday Williams has sold its 50% interest in Jackalope Gas Gathering Service LLC to an affiliate of Crestwood for $484.6 million in cash.

Crestwood Niobrara LLC made the purchase of Wyoming assets that doubles Crestwood’s position in the growing Powder River Basin. The company provides gathering and processing for companies including Chesapeake Energy and Panther Energy in the basin.

Read the source article at reuters.com

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