April 18, 2017 / 9:38 PM / 5 months ago

Centurion Midstream acquires oil transport business from Agave Energy

HOUSTON (Reuters) - Centurion Midstream Group LLC said it acquired a petroleum marketing and transportation business that operates in West Texas from Agave Energy Holdings, a subsidiary of Lucid Energy Group.

Price of the purchase was not disclosed.

Ken Douglas, Centurion’s chief financial officer, said the deal will expand the Dallas-based company’s Permian Basin crude oil and condensate marketing and logistics operation. The acquisition includes a fleet of about 20 trucks.

Reporting by Gary McWilliams; Editing by Cynthia Osterman

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