The acquisitions of Vega Energy Partners and WGL Midstream follow the sale of AltaGas’ U.S. transportation and storage business to an entity owned by 61C Global and Vega for roughly $275 million on April 23.
Tailwater Capital’s premise is that demand for affordable, reliable energy isn’t going anywhere. The private equity firm’s deals are designed to help supply it.
While U.S. natural gas demand was mostly flat in 2020, Mexico’s grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Ford’s underdeveloped gas fairway.