Regency Energy to buy gas gathering system for $139 mln

martedì 11 dicembre 2007 13:30

Dec 11 (Reuters) - Regency Energy Partners LP RGNC.O said it agreed to buy FrontStreet Hugoton LLC from an affiliate of GE Energy Financial Services and FrontStreet EnergyOne LLC for about $139 million to expand its asset base in the U.S. midcontinent region.

Regency, a midstream natural gas provider, expects the acquisition of FrontStreet Hugoton, which owns the Hugoton gas gathering system in Kansas and Oklahoma, to immediately add to cash available for distribution.

GE Energy Financial Services is a unit of U.S. conglomerate General Electric Co (GE.N: Quotazione). (Reporting by John Tilak in Bangalore; Editing by Deepak Kannan) ((; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800 +1 646 897 1898; Reuters Messaging: ))