An affiliate of Energy Transfer Equity and Energy Transfer Partners, the Southern Union Gathering Company, owns Southern Union Gas Services (SUGS).

SUGS’ assets include a 5,600 mile gathering system and around 500 million cubic feet per day (MMcf/d) of natural gas and natural gas liquids’ processing and treating facilities in west Texas and New Mexico.

The newly acquired assets are expected to expand Regency’s presence in the productive oil and liquids-rich Permian Basin in North America.

Regency Energy Partners president and chief executive officer Mike Bradley said the acquired SUGS assets are a great fit for Regency.

"We expect the combination of the Regency and SUGS assets to create significant synergies and expand our organic growth opportunities," Bradley added.

"The increased size and scale will also help improve our ability to serve producers in the Permian Basin."