The acquisition strengthens Enable Midstream’s asset portfolio in Anadarko Basin.
The acquired properties include 88 miles of gathering pipeline and 5,000hp of associated compression.
The assets will provide gathering services to the natural gas producer drilling in Lipscomb and Hemphill Counties as well as other producers in the region.
Enable Midstream President and CEO Lynn Bourdon said: "This acquisition opens new opportunities for us to grow by extending our midstream services to several producers operating farther west in the Cleveland Sands Play where wells continue to provide attractive returns."
The company expects the acquisition to be immediately accretive.
US-based Enable Midstream Partners owns, operates and develops natural gas and crude oil infrastructure assets across major producing basins and markets.
The firm’s assets include approximately 12,000 miles of gathering pipelines, 13 major processing plants, 7,900 miles of interstate pipelines, 2,300 miles of intrastate pipelines and eight storage facilities.
