Lucid Energy Group LLC
About
Lucid Energy Group is the largest privately held natural gas processor in the Permian Basin, providing the full range of gas midstream services to more than 50 customers in New Mexico and West Texas. Lucid is supported by growth capital commitments from a joint venture formed by Riverstone Global Energy and Power Fund VI LP, an investment fund managed by Riverstone Holdings LLC, and investment funds managed by the asset management division of The Goldman Sachs Group Inc.
Editor's note: Updated March 25, 2021.
Headquarters Address
3100 McKinnon St., Suite 800
Dallas, TX 75201
United States
Website
www.lucid-energy.comTransactions
Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal
Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal
Lucid Energy To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs For $1.6 Billion
Lucid Energy To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs For $1.6 Billion
Evolution Midstream To Acquire Powder River Gas Gathering Assets From Lucid
Evolution Midstream To Acquire Powder River Gas Gathering Assets From Lucid
Centurion Midstream Acquires Oil Transport Business From Agave Energy
Centurion Midstream Acquires Oil Transport Business From Agave Energy
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New Financings
Completed refinancing and expansion of its two senior revolving credit facilities. The additional…
Midstream service company secured equity from EnCap Flatrock Midstream and its management team. Lucid…
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News
Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal
Targa Resources’ acquisition of Lucid Energy in the Permian Basin from Riverstone Holdings and Goldman Sachs follows the company’s $200 million bolt-on of Southcross Energy earlier this year.
Lucid to Develop Largest CCS Project in the Permian Basin
Lucid Energy Group received EPA approval on Jan. 11 for its plan for the sequestering of CO₂ from its Red Hills gas processing complex in New Mexico’s Lea County.
Forty Under 40: Tim Magliaro, Lucid Energy Group
Today’s featured Forty Under 40 honoree is Tim Magliaro, vice president of business development at Lucid Energy Group who has over 15 years of energy industry experience including various land roles in both the midstream and upstream sectors.
Midstream Projects: Gulf Coast Leads the Way in Second Quarter
Many projects away from the coast, however, are beset by delays.
Lucid Energy Group Brings New Permian Basin Cryogenic Plant Onstream
The Red Hills V cryogenic processing plant marks the fifth major natural gas processing plant Lucid Energy Group has commissioned across its footprint in the Permian Basin since 2017.
Long-haul Capacity From The Permian Is Close To Pulling Even With Production
Some overshot is expected, but then a whole new set of pipes may be needed.
Lucid Inks XTO Pact; Plans New Delaware Basin Processing Plant
Lucid is planning to develop its next cryogenic processing plant, Red Hills V, following the anticipated commissioning of the 230 MMcf/d Red Hills IV plant in October.
Midstream Texas: Driving The Delaware (2019)
If the Permian’s Midland Basin is hot, the Delaware must be sizzling.
On The Move
Check out the latest new hires, appointments, promotions and company news.