Unit also announced today that its wholly owned subsidiary, Superior Pipeline Company, LLC, closed its acquisition of Berkshire Energy LLC., a private company for an adjusted purchase price of $21.7 million. The principal assets of this company are all located in an established but highly active field in central Oklahoma and consist of a natural gas processing plant, a natural gas gathering system with 15 miles of pipeline, three field compressors and two plant compressors. The plant's capacity is 15,000 Mcf per day and the current average system inlet volume is 7,000 Mcf per day.
Larry Pinkston, President and Chief Executive Officer, said, "Both of these acquisitions fit in our core areas and have substantial upside potential. We are pleased that Unit has been able to enter into these transactions as part of our continuing efforts to ensure the future growth of the company."
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