Blackhawk To Sell Stake In Ohio Gathering For $190 Mln.

(RTTNews) - Oil and natural gas company Gulfport Energy Corp. (GPOR) said Friday that Blackhawk Midstream LLC, an entity in which Gulfport owns a 50% interest, has agreed to sell its quity interest in Ohio Gathering Co. LLC and Ohio Condensate Co. LLC to Summit Midstream Partners LLC for $190 million.

Ohio Gathering is currently owned by MarkWest Utica EMG, LLC and Blackhawk. Ohio Gathering owns, operates and is developing significant midstream infrastructure in southeastern Ohio.

The transaction is expected to close by January 31, 2014, subject to customary closing conditions.