Howard Energy Partners announced on October 27 an agreement to acquire Iron Horse Midstream in Oklahoma, according to a LinkedIn post. The purchase price was not disclosed in the sources.
The deal includes about 400 miles of natural gas pipelines, multiple compressor stations and a processing complex, the post said.
The same post, written by a commentator discussing pipeline contamination rather than the transaction itself, noted that gas systems carrying black powder contamination pass that material on to whoever owns the line, where it ends up in filters and maintenance budgets. The author said the contents of the Iron Horse lines are unknown until measured.