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.
Recommended Reading
Marathon Petroleum Sets 2024 Capex at $1.25 Billion
2024-01-30 - Marathon Petroleum Corp. eyes standalone capex at $1.25 billion in 2024, down 10% compared to $1.4 billion in 2023 as it focuses on cost reduction and margin enhancement projects.
Humble Midstream II, Quantum Capital Form Partnership for Infrastructure Projects
2024-01-30 - Humble Midstream II Partners and Quantum Capital Group’s partnership will promote a focus on energy transition infrastructure.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
The OGInterview: Petrie Partners a Big Deal Among Investment Banks
2024-02-01 - In this OGInterview, Hart Energy's Chris Mathews sat down with Petrie Partners—perhaps not the biggest or flashiest investment bank around, but after over two decades, the firm has been around the block more than most.
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.