Morgan Stanley-Backed Durango to Explore $1 Billion Sale
- Energy pipeline company working with Greenhill on sale
- It mainly serves energy producers in Kansas, New Mexico
Morgan Stanley headquarters
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Durango Midstream, an energy pipeline operator backed by Morgan Stanley Energy Partners, is preparing to launch a sale process in the coming months, according to people with knowledge of the situation.
The midstream company is working with Greenhill & Co. to help market its assets, which could fetch about $1 billion, said the people, who asked to not be identified because the matter is private.