ARB Midstream LLC acquired InCorr Energy Group LLC, the company said Jan. 13.
InCorr, a privately held crude oil marketing and trading firm established in 2011, markets crude oil from producing regions including the Bakken, Powder River Basin, Uinta and D-J Basin. InCorr provides marketing, storage, and pipeline solutions to producers, refiners, and midstream companies.
ARB Midstream will retain InCorr’s entire commercial team and will oversee the company’s regional commercial activities.
Acquiring InCorr bolsters ARB Midstream’s portfolio of interrelated midstream assets throughout the middle of North America.
Adam Bedard, CEO of ARB Midstream, said that Joe Purdy and Mark Wysocki are the principals at InCorr. Purdy is a co-founder and the president.
ARB Midstream is funded by its equity member, BV Natural Resources LLC.
ARB Midstream, LLC and InCorr Energy Group LLC are based in Denver.
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