JP Energy Development LP is buying Wildcat Permian Services LLC.

Wildcat owns and operates an oil pipeline system in Texas.

JP Energy, which provides crude oil gathering and transportation services to producers and refiners, expects the deal to expand its reach in the Permian Basin, and diversify its transportation and storage assets.

Dallas-based Wildcat Permian is being sold by Wildcat Midstream Mesquite LLC and Approach Midstream Holdings LLC, an affiliate of Approach Resources Inc. (Nasdaq: AREX).

JP Energy, headquartered in Irving, Texas, is backed by private equity firm ArcLight Capital Partners LLC. ArcLight is a Boston-based firm that has invested more than $10 billion in energy assets.

Other recent energy deals include Gastar Exploration Ltd.’s (NYSE: GST) acquisition of interest in an oil producing property in Oklahoma for $187.5 million, and Whiting Petroleum Corp.’s (NYSE: WLL) $260 million deal for oil and gas properties.

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