There were handshakes and smiles all around after private-equity firm Stonepeak Infrastructure Partners purchased Oryx Midstream in the biggest midstream deal to date.
Closing the biggest midstream deal in this hemisphere catches everyone’s attention, but Dheeraj Verma, president of Quantum Energy Partners—one of the investors in Oryx, stressed that there is no silver bullet. (Source: Oryx Midstream Services LLC/Shutterstock.com)
When Stonepeak Infrastructure Partners struck a deal to buy Oryx Midstream Services LLC on April 2, the biggest midstream deal in history was no steely-eyed showdown. Quite to the contrary, the principles told Investor that building the system and discussing the sale were the collaborative efforts growing from respect and trust.