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Enterprise likely only bidder for Azure's midstream assets in opportunistic buy

Mar 17, 2017 - SNL Energy Finance Daily

Buying midstream assets from Azure Midstream Partners LP in a bankruptcy auction was an opportunistic move by Enterprise Products Partners LP to expand systems in Texas and North Louisiana, said an analyst who focuses on midstream energy master limited partnerships.

Enterprise is set to acquire the assets for a bid price of $189 million after the U.S. Bankruptcy Court for the Southern District of Texas approved the deal March 15. The absence of other interested parties is what likely made ...