(Source: Shutterstock/ ARB Midstream/ Elevation Midstream)
Elevation Midstream LLC and ARB Midstream LLC’s subsidiary Platte River Holdings are merging to create a Denver-Julesburg (D-J) Basin midstream company with increased scale, the companies announced July 8.
Elevation’s three-product gathering, crude stabilization, gas compression and water logistics services will be combined with Platte’s 200 miles of crude gathering and transmission pipelines. The combination will also merge Elevation’s tankless gathering options for customers with Platte’s multi-optionality through the Platteville and Lucerne terminals, including truck offloading.
“Our assets are interconnected and complementary, and the combination creates a midstream system of significant scale in the basin,” said John Roberts, CEO of Elevation Midstream. “This transaction represents the first step in Elevation’s strategy to serve as a consolidator of D-J Basin gathering and processing assets. It has immediate operational synergies and will unlock additional accretive opportunities for continued growth.”
Financial terms of the deal were not disclosed in the announcement.
Intrepid Partners LLC served as financial adviser to Elevation Midstream and Vinson & Elkins LLP served as legal adviser to Elevation. Jefferies LLC served as financial adviser to ARB Midstream and Locke Lord LLP served as legal adviser.
Recommended Reading
Oceaneering Contracts Harvey Deep Sea Vessel for Subsea Services in GoA
2025-06-12 - Oceaneering International Inc.’s Offshore Projects Group segment has entered into an agreement for use of the multi-purpose supply vessel Harvey Deep Sea for subsea IRM in the GoA.
Wyoming Governor: Bet on Powder River Oil to Beat Market Challenges
2025-06-12 - Wyoming’s Powder River Basin has taken a quieter role in recent years as oil producers focused on the Permian. But state leaders remain confident, betting on a rebound in oil production from the once-promising shale play, Gov. Mark Gordon said in an exclusive interview.
For Best EOR, Add (or Reduce) Salt in Frac Fluid Recipe
2025-06-11 - Changing the salinity of frac fluid in a reservoir may boost EOR efforts, according to a research paper presented at URTeC.
Volt Lithium to Deploy Mobile DLE Unit in Bakken
2025-06-11 - The initiative reflects Volt Lithium’s strategy of extracting lithium from streams of produced water associated with oil and gas production.
Berry ‘Excited’ for Uinta’s Resource Potential from Horizontal Drilling
2025-06-11 - Berry Corp. is excited for the untapped resource potential from the Uinta Basin as it dives deeper into horizontal drilling in the basin, CEO Fernando Araujo tells Hart Energy’s Nissa Darbonne.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.