A privately-held midstream company, Arrow owns around 460 miles of gathering pipeline, composing 150 miles of crude oil gathering pipeline, 160 miles of natural gas gathering pipeline and 150 miles of water gathering lines.
The pipeline system carries around 50,000 barrels per day (Bbls/d) of crude oil, 15 million cubic ft per day (MMcf/d) of rich natural gas and 8,500 Bbls/d of produced water.
Crestwood’s general partner chairman, president and CEO Robert Phillips said the arrow transaction demonstrates the execution of company’s growth strategy in liquids-focused shale plays.
"The larger scale of the combined Crestwood partnership also enabled us to efficiently finance the acquisition with an appropriate blend of long-term debt and equity financing sources," added Phillips," Phillips added.
The Arrow gathering systems support the production of WPX Energy, QEP Resources and Kodiak Oil & Gas.
The Arrow systems are situated around 60 miles southeast of Crestwood’s COLT Hub, a crude rail and pipeline terminal located in Williams county, North Dakota.
