The dedicated acreage covers the Granite Wash, Hogshooter, Tonkawa, Marmaton and Cleveland plays in the Anadarko basin of the Texas Panhandle.

The acquired assets consist of a 200MMcf-per-day cryogenic gas processing plant and 22 miles of gas gathering pipeline in Hemphill County, Texas, and approximately 30 miles of rights-of-way associated with the future construction of a high-pressure trunk line.

The consolidation of the properties of Pioneer and Pioneer Southwest in the Midland basin in West Texas through this proposed transaction would facilitate Pioneer’s plans to fully and optimally develop the area and would provide organizational, operational and administrative efficiencies, according to the company’s statement.

Final cash consideration for TEAK totaled $1.0 billion, subject to working capital and other adjustments.

Crestwood and Inergy signed definitive agreements to create a fully integrated midstream partnership with a total enterprise value of approximately $7 billion.

CenterPoint Energy Inc., OGE Energy Corp. and ArcLight Capital Partners LLC closed on the formation of the previously announced partnership.

Spectra Energy Corp announced an agreement to drop down 50% of the Express-Platte Pipeline System to Spectra Energy Partners (NYSE: SEP) for approximately $555 million in cash.

Energy Transfer Partners, L.P. and Energy Transfer Equity, L.P. announced the closing of two major transactions, executing on their commitment to simplify their structures and optimize their asset portfolios.

Kinder Morgan Energy Partners, L.P. closed its previously announced acquisition of Houston-based Copano Energy, L.L.C.

SemGroup Corp. reached an to acquire the equity interests of Mid-America Midstream Gas Services, L.L.C., which gas gathering and processing assets in the Mississippi Lime play for $300 million in cash.

First quarter 2013 deal volume and value increases year-over-year.

Badger Midstream has also announced its recent acquisition of Midstream Energy Services LLC.

PLH acquired Pipeworx and its subsidiaries.

Tierra signs LOI to sell transportation arm to Black Creek Well Services.

TEAK assets include a large rich gas header pipeline with 750 MMcf per day of throughput capacity through core producing counties including Dimmit, La Salle, McMullen, and Karnes counties in Texas.