The financial effective date of the acquisition is 1 November, 2021. The acquired assets will complement the existing Superior infrastructure in the area. Volumes on the system will expand Superior’s customer base allowing Superior to serve a larger group of operators in the Mid Continent.
Bill Ward, Superior Pipeline’s Senior Vice President of Commercial Activities, said: “This midstream acquisition continues our growth strategy to consolidate synergistic assets in our core area to enhance the value of Superior Pipeline for its shareholders.”
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.
