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Easton Energy Announces Acquisition of Gulf Coast Natural Gas Liquids Pipeline Systems from Williams

HOUSTON, Dec. 6, 2018 /PRNewswire/ -- Easton Energy LLC ("Easton" or the "Company"), a Houston based midstream company, today announced the acquisition of approximately 416 miles of Gulf Coast natural gas liquids (NGL) pipelines from The Williams Companies, Inc. (NYSE: WMB) for $177 million in cash.  The pipeline assets are primarily used to transport natural gas liquids from various supply sources to petrochemical consumers in Texas and Louisianamarkets. The transaction was completed in partnership with Easton's financial sponsor, Cresta Fund Management, an energy infrastructure focused private equity firm based in Dallas.

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