American Midstream Announces Acquisition of Incremental Delta House Interest and Expects 2016 Adjusted EBITDA at Higher End of Range

HOUSTON--(BUSINESS WIRE)--American Midstream Partners, LP (NYSE: AMID) (“Partnership”) announced today the simultaneous acquisition and closing of additional minority interests in Delta House, a fee-based, semi-submersible floating production system (FPS), and associated oil and gas pipelines in the Gulf Coast, bringing its total equity interest to 20.14%. The Partnership acquired the additional interests from Red Willow Offshore LLC, LLOG Bluewater Holdings LLC, and Ridgewood Energy Corporation (“Acquisition”) for total consideration of approximately $49 million.