Genesis Energy, L.P. has agreed to sell its Powder River Basin Midstream Assets for approximately $300m to Silver Creek Midstream. The Powder River Basin Midstream Assets include Genesis’ Powder River Basin Pipeline along with the associated crude oil gathering system and rail facility.
The transaction is expected to close in the third quarter of 2018.
Genesis Energy is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulphur services, onshore facilities and pipeline transportation and marine transportation. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming and the Gulf of Mexico.
For more information, visit: www.genesisenergy.com
3rd September 2018