Harvest Announces Purchase of Remaining Interest in Arrowhead Gulf Coast Holdings
Summary
HOUSTON--(BUSINESS WIRE)--Today, Harvest Midstream (Harvest) announced the signing, funding, and closing of a transaction to purchase the remaining interest of Arrowhead Gulf Coast Holdings, LLC (AGCH), a critical network of pipelines and terminals serving the Louisiana refinery market and regional production. Prior to today’s announcement, a fund managed by BlackRock Real Assets held a 37.5% stake and Harvest owned the remaining 62.5%. We are committed to providing best-in-class service to our customers as the region continues to grow.” The AGCH system includes nearly 300 miles of crude and condensate pipelines and terminal assets in South Louisiana. The BOA/CAM pipelines are integral to the crude supply of the Valero Meraux and PBF Chalmette refineries. Harvest Midstream is a privately held midstream service provider based in Houston, TX that operates various crude oil and natural gas gathering, storage, transportation, treatment and terminalling assets across the United States.
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