Basalt-backed Black Bear Transmission completed the acquisition of the Natural Gas Transmission business of Third Coast Midstream.

Basalt-backed Black Bear Transmission, an oil and gas company, completed the acquisition of the natural gas transmission business of Third Coast Midstream, a full-service midstream company. Financial terms were not disclosed. “We are very pleased to finalize this purchase of additional pipelines from Third Coast Midstream. These assets are a perfect fit with Black Bear because they strengthen our footprint of high-quality, demand-driven gas pipelines that are well-positioned to capture increasing natural gas demand in the Southeast United States. A team of seasoned operations and business development personnel will be coming to Black Bear with the assets, allowing us to maintain our focus on providing safe and reliable service to our customers," Rene Casadaban, Black Bear Transmission CEO.