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Black Bear Midstream, a portfolio company of funds managed by Oaktree Capital Management, L.P., has entered into a seven-year gas gathering and processing agreement with an unnamed Cotton Valley producer in Desoto and Caddo Parishes, Louisiana.

Per the agreement, Black Bear Midstream will build 20 miles of 16-inch rich gas gathering pipe west of its DeSoto Parish cryogenic processing plant. It stands to support this contract as well as other producers on both sides of the Louisiana and Texas border.

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