Crestwood Midstream Partners (CMLP) Announces $95M Bolt-on Acquisition

Crestwood Midstream Partners LP (NYSE: CMLP) as operator and 35% owner of Crestwood Marcellus Midstream LLC ("CMM"), announced today an agreement by CMM to acquire natural gas compression and dehydration assets from Enerven Compression, LLC ("Enerven") for approximately $95 million.

The assets, located on CMM's gathering systems in Harrison and Doddridge Counties, West Virginia, serve the Marcellus Shale development of Antero Resources Appalachian Corp. ("Antero"). The assets are currently operating under a five year compression services agreement with Antero and are expected to contribute approximately $11-12 million of contracted earnings before interest, taxes, depreciation and amortization ("EBITDA") to CMM in 2013. The acquisition is expected to close before December 31, 2012 and will be financed through CMM's existing $200 million credit facility.

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