Crestwood Midstream Buys 4 Compressor Stations in WV
Crestwood Marcellus Midstream announced yesterday they have purchased four compression/dehydration stations from Enerven Compression for $95 million. The stations service Crestwood’s own gathering pipelines in Harrison and Doddridge counties in West Virginia. Antero Resources is the driller in the area using the Crestwood pipeline system. Crestwood’s CEO calls it a “bolt-on acquisition” for the company.
From the Crestwood press release, which includes an update on their Marcellus-related business with Antero: