Enstor acquires Black Bear, expanding gas pipeline reach across Southeast U.S.

(UI) — Enstor Pipeline Holdings, LLC, has signed a deal to acquire Black Bear Transmission Opco, LLC. Black Bear is a long-term contracted pipeline business that delivers natural gas from multiple receipt points to power generation, industrial, and utility customers across the Southeast U.S. 

“We are extremely excited to acquire Black Bear, a highly complementary addition to Enstor’s platform that enhances operational efficiencies and supports our long-term growth strategy,” said Enstor CEO Paul Bieniawski.

Black Bear comprises nine regulated transmission systems totaling approximately 1,700 miles of pipeline, with a throughput capacity of about 2.6 billion cubic feet per day (Bcf/d). Its pipelines interconnect with 16 major long-haul pipelines and storage facilities across seven states, including Alabama, Arkansas, Louisiana, Mississippi, Missouri, Oklahoma and Tennessee.

Enstor is one of the largest privately owned natural gas storage companies in the U.S. and is comprised of six underground natural gas storage facilities and approximately 170 miles of pipeline, with a throughput capacity of more than 5 Bcf/d. Enstor’s customer base includes a diverse group of investment-grade counterparties, including utilities, marketers, industrials, and pipeline operators. Upon closing, Enstor will have more than 1,800 miles of transmission pipeline alongside the six underground natural gas storage facilities with over 110 Bcf of certificated working gas capacity.

“The Black Bear system is contracted with investment-grade counterparties, which complements Enstor’s existing contract portfolio, and represents a strategic downstream expansion, providing a portfolio of demand-driven, regulated ‘last-mile’ pipelines serving utilities, power generators, and other key end-use customers across the Southeast U.S.,” said Enstor CEO Paul Bieniawski.

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