LDH owns and operates a natural gas liquids (NGLs), storage, fractionation and transportation business, and its storage assets are primarily located in Mont Belvieu, Texas.
The company’s West Texas Pipeline transports NGLs through a 1,066-mile intrastate pipeline system that originates in the Permian Basin in West Texas, passes through the Barnett Shale production area in north Texas and terminates at the Mont Belvieu storage and fractionation complex.
LDH also owns and operates fractionation and processing assets located in Louisiana.
The transaction is expected to close in the second quarter of 2011.
