Report: Energy Transfer to bid for Magnum Hunter's stake in Eureka pipeline

• Energy Transfer Equity (ETE -0.5%) is bidding for Magnum Hunter Resources' (MHR +6.9%) 46% stake in the Eureka Hunter Pipeline, a deal that could be valued at as much as $600M, Bloomberg reports.
• MHR, which announced in June its plan to sell its Eureka stake, also is said to have reached out to Crestwood Midstream Partners and Summit Midstream Partners to gauge their interest in the pipeline, which carries natural gas between Ohio and West Virginia.
• ETE also is chasing a potential deal with Williams Cos.