Crestwood draws on revolver to help fund partial Jackalope acquisition

By Tali David

Minneapolis, June 24 - Crestwood Midstream Partners LP plans to use available borrowing capacity under its revolving credit facility to help fund Crestwood Niobrara LLC's 50% acquisition of Jackalope Gas Gathering Services, LLC, according to a press release.

The company will purchase Jackalope from RKI Exploration & Production, LLC for about $108 million.

Crestwood Midstream Partners is a Houston-based midstream master limited partnership that owns and operates gathering, processing, treating and compression assets servicing natural gas producers.

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