Torch News - April 24, 2006
Torch Energy Advisors, Inc. announced today that it has purchased the limited partnership interest of Stephens, Inc. in Quivira Partners, LP (Quivira). Torch and Stephens formed the Quivira in 2004 to facilitate the acquisition of select natural gas midstream assets. Since its inception, Torch, through subsidiary companies, has acted as the general partner to Quivira and will continue in this role. Wells Fargo Bank and Wells Fargo Energy Capital provided the financing for this transaction.
Quivira maintains an interest in fifty-seven gathering systems in New Mexico, Texas and Mississippi. These assets total 567 miles of pipe and include the Ramsey System, the Wild Horse System, the Joan Pipeline and the Gulf Coast Systems. For more information on Quivira Partners and Torch’s midstream activities, please see the Torch website: www.teai.com.