Enbridge, Veresen, Williams to acquire condensate plant, pipeline from EOG

Three North American pipeline companies including Calgary-based Enbridge Inc. (TSX:ENB) are buying a natural gas processing plant and pipeline in the U.S. Midwest from EOG Resources, Inc. (NYSE:EOG) for US$185 million.

The Stanley Condensate Recovery plant and Prairie Rose pipeline connect to the Alliance gas pipeline, which is owned 50-50 by Enbridge and Veresen Inc. (TSX: VSN), and will supply a Chicago-area processing plant operated by the partners.