Pinnacle Midstream LLC
About
Pinnacle Midstream II is an independent energy company that provides a full suite of midstream services to oil and gas producers across North America. Headquartered in Houston, Pinnacle is led by a team of seasoned industry professionals who together have more than 75 years of experience in the energy industry, all of which previously led and divested the Pinnacle Midstream LLC western Delaware platform. Pinnacle is backed by a significant equity commitment from management and Energy Spectrum Partners VIII LP.
Headquarters Address
Houston, TX
United States
Website
www.pinnaclemidstream.comTransactions
Canada’s AltaGas Monetizes US Transportation and Storage Business
Canada’s AltaGas Monetizes US Transportation and Storage Business
I Squared Capital Joins Permian Highway Pipeline Partnership In Delaware Basin
I Squared Capital Joins Permian Highway Pipeline Partnership In Delaware Basin
I Squared Capital Joins Permian Highway Pipeline Partnership In Delaware Basin
I Squared Capital Joins Permian Highway Pipeline Partnership In Delaware Basin
BP Energy Partners To Sell Pinnacle Midstream To I Squared Capital
BP Energy Partners To Sell Pinnacle Midstream To I Squared Capital
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New Financings
Pinnacle Midstream II LLC announced a significant equity capital commitment from management and…
Private-equity fund BP Natural Gas Opportunity Partners LP committed equity for Pinnacle’s acquisition…
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News
Phillips 66 Leans into Midstream Growth Despite Elliott Activism
Phillips 66 grew its midstream segment so much that activist investor Elliott Management pushed to splinter the company—but the refining giant sees gold in moving NGLs.
Renegade Waiting for ‘Catalyst’ as it Mulls Building, Buying Midstream
Renegade Infrastructure CEO Drew Ward says the company is currently “basin agnostic” and is considering greenfield projects and M&A after winning a capital commitment from PE firm Energy Spectrum Partners.
Pinnacle Midstream Execs Form Energy Spectrum-Backed Renegade
Renegade Infrastructure, led by Permian-centric Pinnacle Midstream developers Drew Ward and Jason Tanous, have received a capital commitment from Energy Spectrum Partners.
Midstream Players Awaiting the Merge Surge
Midstream growth prospects limit funding at the moment, but the coming consolidation should shake things up.
Electricity and LNG Drive Midstream Growth as M&A Looms
The midstream sector sees surging global and domestic demand with fewer players left to offer ‘wellhead to water’ services.
Same Game, Fewer Players: Midstream M&A Stands Apart from E&P Sector
The midstream M&A market typically follows the E&P sector by a few months. But some aspects of the market are different this time around.
Sell High, Invest Low: Kinetik CEO on Creating Value with Durango Deal
Kinetik CEO Jamie Welch walks through the company's process for acquiring Durango Permian, including selling its 16% stake in the Gulf Coast Express pipeline, and shares his takeaways on challenges in the Permian today, in this Hart Energy Exclusive interview.
Phillips 66 to Acquire Pinnacle Midstream for $550MM
Phillips 66 said the deal to acquire Pinnacle Midstream was a strategic move to expand its natural gas gathering and processing assets in the Midland Basin.
Pinnacle Midstream to Double Midland Basin Gas Processing Complex
Dos Picos’ Train II, targeted for commercial operation during fourth-quarter 2024, will add 220 MMcf/d of processing capacity in the Midland Basin.
BCCK to Build Permian Nitrogen Rejection Unit for Pinnacle Midstream
“We are delighted to partner with Pinnacle Midstream on this project, which will allow us to further showcase BCCK’s gas processing and nitrogen removal expertise as well as our exceptional construction skills,” Greg Hall, executive vice president at BCCK, said.
In Midland Basin, it’s Growth O’clock
Pinnacle Midstream II LLC’s Dos Picos processing plant will respond to increased gas production in the short term, but the world is expected to demand even more over the long term.
Pinnacle Midstream Finalizes Development of Midland Basin Gas Processing Complex
Construction of the gas processing facility in Midland County, Texas, initiates Phase II development of Pinnacle Midstream’s Dos Picos System in the Midland Basin.
Midstream Business Pinnacle II Executive Q&A: Starting in the Midland Basin
Pinnacle Midstream founder Greg Sargent is confident in the Permian Basin and the industry’s ability to “conform and prosper as we always have” to new conditions and regulations.
Pinnacle Midstream II to Build New Permian Gas Gathering System Anchored by DoublePoint
In addition to supporting the extensive multiwell pad development taking place in the Midland Basin, Pinnacle Midstream II said the gas gathering system, named Pinnacle Dos Picos, was designed with expansion in mind.
Forty Under 40: Drew Ward, Pinnacle Midstream
Today’s featured Forty Under 40 honoree is Drew Ward, partner and chief commercial officer at Pinnacle Midstream II whose path to leadership began with rough-necking offshore for Nabors.