American Midstream Announces Drop-Down of Delta House Interests; Further Enhancing Deepwater Gulf of Mexico Position
Argent Mid Cap ETF (AMID)
Last argent mid cap etf earnings: 8/8 06:30 am
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US:NYSE Investor Relations:
americanmidstream.com/investor-relations
Company Research
Source: Business Wire
Acquires additional 15.5% interest in Delta House floating production and processing system Delta House expected to operate near peak capacity for several years Partnership successfully redeploys capital from sale of Propane business Expects to acquire additional drop-down interests in Delta House and other assets from ArcLight HOUSTON--(BUSINESS WIRE)-- American Midstream Partners, LP (NYSE:AMID) (“Partnership” or “AMID”) announced today the acquisition and closing of an additional 15.5% equity interest in Delta House, a fee-based, semi-submersible floating production and processing system (collectively, “Delta House”), from affiliates of ArcLight Capital Partners, LLC (“ArcLight”), which controls the general partner of the Partnership, for total consideration of approximately $125.4 million. Post-closing, the Partnership and ArcLig
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