Energy Transfer completed the acquisition of Woodford Express from Quantum Energy Partners for $485m.

Energy Transfer, a small intrastate natural gas pipeline operator, completed the acquisition of Woodford Express, a gas gathering and processing system, from Quantum Energy Partners, a private equity firm, for $485m. The system, which is located in the heart of the SCOOP play, has 450 MMcf per day of cryogenic gas processing and treating capacity and over 200 miles of gathering and transportation lines, which are connected to Energy Transfer’s pipeline network. The system is supported by dedicated acreage with long-term, predominantly fixed-fee contracts with active, proven producers.