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Easton buys Gulf Coast NGL lines from Williams for $177MM

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The Williams Cos. sold 416 miles of Gulf Coast NGL pipelines to Houston-based Easton Energy for $177 million. The sale includes the 31-mile Texas Belle pipeline, which transports NGLs from Mont Belvieu to customers along the Houston Ship Channel, the Purity pipeline system, certain parts of the Live Oak pipeline system, and additional idle pipelines along the Gulf Coast. “Paired with our salt cavern storage development at Markham, Texas, this acquisition represents an opportunity for Easton,” company president Joel McComas said. Dallas-based......
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