American Midstream Partners, LP has completed the acquisition of entities holding offshore oil gathering assets from an affiliate of DCP Midstream, LLC ('DCP').

On July 14, 2014, the Partnership announced the execution of a Purchase and Sale Agreement ('PSA') for the acquisition from DCP of entities holding onshore natural gas processing and offshore natural gas gathering and transportation and oil gathering assets for consideration of approximately $115 million. The assets to be acquired included the Mobile Bay gas processing plant ('Mobile Bay'), Dauphin Island gathering and transmission system ('DIGP'), and DCP's interest in the Main Pass Oil Gathering System ('MPOG').

Tags: American Midstream Partners