Laredo Petroleum and The Energy & Minerals Group agreed on Oct. 2 to sell the
largest privately held crude transportation system in the Midland Basin for $1.825 billion
in cash to energy investor Global Infrastructure Partners. The price for Medallion
Gathering & Processing makes it the largest Permian Basin crude pipeline deal of 2017
to date, but some analysts expressed disappointment that the price wasn’t higher and
wondered if the value of other transactions
would be similarly diminished.Tulsa-based E&P Laredo
owned......
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