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Genesis Energy farms out assets to Silver Creek
Aug. 31, 2018

Genesis Energy farms out assets to Silver Creek

Silver Creek Midstream has agreed to buy midstream assets of Genesis Energy in Powder River Basin, for $300 million. Genesis made the decision, in light of the constant rise in oil deals in Wyoming. Silver Creek, post-completion of the deal, will gain ownership to a pipeline, associated crude oil gathering system and rail facility in the area. Genesis Energy is planning to utilise the deal money for paying its debts.

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