With its tenant now free of bankruptcy and finding success with new drilling tests, CorEnergy Infrastructure Trust Inc. decided to buy out its minority partner in the Pinedale Liquids Gathering System (LGS).
CorEnergy (NYSE: CORR) teamed up with Prudential Capital Group in December 2012 to acquire the Pinedale LGS in Wyoming for $225 million. CorEnergy put in $130 million in cash. The Dallas-based energy finance division of Prudential Financial Inc. (NYSE: PRU) paid $30 million for its stake. The…
With its tenant now free of bankruptcy and finding success with new drilling tests, CorEnergy Infrastructure Trust Inc. decided to buy out its minority partner in the Pinedale Liquids Gathering System (LGS).
CorEnergy (NYSE: CORR) teamed up with Prudential Capital Group in December 2012 to acquire the Pinedale LGS in Wyoming for $225 million. CorEnergy put in $130 million in cash. The Dallas-based energy finance division of Prudential Financial Inc. (NYSE: PRU) paid $30 million for its stake. The…