Osaka Gas USA makes its first foray into midstream business with agreement to acquire ownership in TOPS Pipeline, LLC
June 15 2020
Osaka Gas USA, through its fully owned subsidiary Sabine Oil & Gas, acquired a minority ownership in TOPS Pipeline, LLC from AMP II ETX, LLC, a fully owned subsidiary of Align Midstream Partners II, LLC. This marks the first acquisition by Osaka Gas USA into the midstream business in the U.S.
TOPS Pipeline, LLC owns the gathering system located across the county line in Harrison & Panola Counties in east Texas, and mainly comprises of 16 inch pipeline with a total length of approximately 30 miles. The pipeline is located in the strategic area of focus by Sabine Oil & Gas’ future drilling activities and will serve the growing Haynesville shale production to connect with the attractive markets in the area.