There were handshakes and smiles all around after private-equity firm Stonepeak Infrastructure Partners purchased Oryx Midstream in the biggest midstream deal to date.
While attention has focused on the legislation’s real estate aspect, energy companies can benefit, too.
Siemens was awarded a contract to provide three residue compression trains for two, 250 million (500 million total) standard cubic feet per day (MMscf/d) cryogenic gas plants in the Delaware Basin on May 30.
Griffin will focus on new project development and M&A.
WaterBridge’s private-equity backer sold a stake that implied a $2.8 billion enterprise value for the water midstream company that has a growing position in the Permian Basin.
Work with partner WPX Energy signals completion of initial phase of strategic plan in the area.
NGL Energy Partners agreed to acquire privately held Mesquite for $890 million, which the company claims will create the largest water transportation and disposal company in the Delaware Basin.
Steamboat I plant will reinforce Meritage’s infrastructure footprint in the basin.
Diamondback Energy had initially planned for its Rattler Midstream subsidiary to make its public debut last year but was stopped by tough market conditions thanks to commodity volatility.
Enbridge reported it transported 1 million barrels per day of crude oil more on its key Mainline system across Canada and the U.S. during the first quarter than the year-ago quarter.
