Western ties up $28m deal
Denver's Western Gas Resources is set to buy a number of gas gathering and processing assets in Wyoming's Green River basin from Duke Energy Field Services Marketing for $28 million.
Western Gas said the deal, which was being done via its wholly-owned subsidiary Mountain Gas Resources, would close early next year.
The purchase price includes the Patrick Draw processing plant with 150 million cubic feet of gas per day capacity and approximately 140 miles of related gathering systems.
Patrick Draw is currently processing approximately 35 MMcfd of gas from several large producers in the area. Patrick Draw will be integrated into Western's existing systems in the area, which includes the Red Desert processing plant and several gathering systems.