Blackhawk Midstream LLC sold its equity interest in the Ohio Gathering Company and the Ohio Condensate Company to Summit Midstream Partners for $190 million

Oklahoma City-based Gulfport Energy Corp. announced last week that Blackhawk Midstream LLC, in which Gulfport owns a 50 percent interest, has agreed to sell its equity interest in two entities to Atlanta-based Summit Midstream Partners, LLC in a transaction expected to close by Jan 31, 2014. Blackhawk will sell equity interest in the Ohio Gathering Company, LLC, which is currently owned by MarkWest Utica EMG, LLC and Blackhawk, and the Ohio Condensate Company, LLC, for a purchase price of $190 million. Together, the two purchased entities own, operate and are developing "significant midstream infrastructure in southeastern Ohio consisting of a liquids-rich natural gas gathering system, a natural gas gathering system and a condensate stabilization, storage and terminaling facility in the core of the Utica shale play." For more, read the full news release.

National, Ohio