Also this past week, Devon Energy agreed to form a midstream partnership with QL Capital Partners to build out its Cotton Draw gathering system in the Delaware Basin. (Source: Hart Energy/Shutterstock.com)
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Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.
Funds Flow for Midstream
Private-equity sponsor Tailwater Capital LLC tied up a fourth fund in what otherwise has been a largely barren landscape for capital raising. Its Tailwater Energy Fund IV LP raised $1.1 billion in capital commitments.