Blackstone to buy EagleClaw Midstream
EagleClaw Midstream Ventures LLC said on Monday it agreed to be bought by funds managed by Blackstone Group LP for about $2 billion.
EagleClaw Midstream Ventures LLC, which owns and operates natural gas pipelines and processing facilities, said the all-cash deal includes about $1.25 billion in debt, financed by Jefferies LLC.
EagleClaw is the largest privately held midstream operator in the Permian's Delaware Basin in West Texas.
Reporting by Arathy S Nair
