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Crestwood Midstream Partners LP (CMLP)

  • Wed, May 6, 7:47 AM
  • Oct. 10, 2013, 7:44 AM
  • Oct. 7, 2013, 3:05 PM
  • Jun. 24, 2013, 8:16 AM
    Crestwood Midstream Partners (CMLP) agrees to buy a 50% stake in Jackalope Gas Gathering Services from privately-held RKI for ~$108M. Jackalope's gathering and processing system is located in Wyoming, giving CMLP access to the emerging Powder River Basin Niobrara Shale play. Access Midstream Partners (ACMP) owns the remaining 50% of Jackalope.
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  • May 6, 2013, 7:47 AM
    Crestwood Midstream Partners (CMLP) announces a merger with Inergy (NRGY) and Inergy Midstream (NRGM) to form an entity with an enterprise value of ~$7B. The merger will be implemented through a series of transactions, and CMLP CEO Robert Phillips will lead the combined company. NRGY +4% premarket.
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  • Jan. 8, 2013, 12:12 PM
    Crestwood Midstream Partners (CMLP) acquires the 65% interest it doesn't already own in its Marcellus Shale JV with Crestwood Holdings for $258M. The transaction is expected to be 7%-8% accretive to CMLP's 2013 distributable cash flow, and is funded with $129M drawn on CMLP's existing revolving credit facility and ~6.2M new Class D units issued to Crestwood Holdings.
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  • Nov. 5, 2012, 11:55 AM
    Inergy Midstream (NRGM +2.2%) agrees to acquire Rangeland Energy, owner and operator of the COLT crude oil rail terminal, storage, and pipeline facilities in North Dakota's Bakken and Three Forks shale areas, for $425M. NRGM will sell $225M of common units in a private placement and has obtained committed unsecured debt financing to fund the acquisition. NRGY +4.1%.
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Company Description
Crestwood Midstream Partners LP owns, manages and operates crude oil, natural gas and NGL midstream assets. The Company is engaged in gathering, compression, treating, processing, storage and transportation of natural gas.