These assets will allow for greater operational flexibility and efficiency between Superior’s gathering and gas processing facilities in the area. The volume on this gathering system and its associated third-party contracts will expand the Superior customer base, allowing Superior to serve a wider group of producers.
Mike Hicks, Superior’s Chief Operating Officer, said: “This acquisition is the first step in the Superior plan to grow its midstream business through the acquisition and consolidation of synergistic midstream assets.”
Superior is a joint venture owned 50% by Unit Corporation and 50% by SP Investor Holdings, LLC, a holding company jointly owned by OPTrust and funds managed and/or advised by Partners Group, a global private markets investment manager.
