We intend to expand our natural gas gathering and processing services by capturing opportunities within our footprint, expanding outside of our footprint through strategic acquisitions, providing an array of services for both natural gas and natural gas liquids in combination with core asset optimization, and capitalizing on new market opportunities by diversifying geographically and by commodity composition. Additionally, we will pursue acquisitions to expand our natural gas services in situations where we have natural advantages to create additional value.
Eaglebine Gathering: On February 9, 2015, MEP announced an agreement with New Gulf Resources, or NGR, to purchase NGR's midstream business in Leon, Madison and Grimes Counties, Texas. The acquisition consists of a natural gas gathering system that is currently in operation moving equity and third party production.
The Eaglebine is an emerging oil play in East Texas that spans over five counties and is comprised of multiple formations including but not limited to the Woodbine and Eagle Ford formations. Given the proximity of our existing East Texas assets, this expansion into Eaglebine will allow us to offer gathering and processing services while leveraging assets on our existing footprint.