Goodnight Midstream LLC on Oct. 15 revealed Ben Daitch, an energy veteran with over 25 years of experience, had joined the company as its CFO.
Daitch joins Goodnight from Paradigm Midstream LLC where he has served as CFO for the past four years, according to his profile page on LinkedIn. He replaces Andrejka Bernatova, who held the title of Goodnight Midstream CFO for a little over a year.
Goodnight Midstream, a produced water midstream infrastructure company based in Dallas, also recently received a $500 million capital injection from Tailwater Capital LLC to expand its operations. Tailwater had previously agreed to sell Goodnight Midstream to TPG Capital LLC in March 2019 for about $930 million. However, Bloomberg reported the transaction had been terminated in late September.
Throughout his career Daitch has served as CFO at several oil and gas companies in addition to Paradigm, including JAMEX Inc., Lonestar Resources Ltd., Cano Petroleum Inc. and CDX Gas LLC. He has also served as a vice president at EIG Global Energy Partners and an investment banker at UBS Investment Bank, Banc of America Securities and Deutsche Bank.
In a statement, Goodnight Midstream CEO Patrick Walker welcomed Daitch calling him a “veteran of the energy industry with a proven record of building and leading high-performing midstream teams.”
“Along with Tailwater Capital’s increased capital commitment, Goodnight has the balance sheet and team necessary to expand our business in partnership with our producers, and sustainably support our continued double-digit growth,” Walker added.
Goodnight Midstream holds significant positions in the Permian Basin, the Bakken and the Eagle Ford Shale, according to the company press release.
2023-08-03 - Kimbell Royalty Partners acquisition adds acreage in the Delaware and Midland basins, which remains the company’s leading basin for production, active rig count, DUCs, permits and undrilled inventory.
2023-08-08 - Elk River Resources LLC has retained Detring Energy Advisors for the sale of a Delaware Basin opportunity.
2023-08-24 - Crescent Point Energy is optimizing its portfolio as it looks to pay down debt associated with acquisitions in the Kaybob Duvernay and Alberta Montney.
2023-08-31 - AltaGas said it will acquire Tidewater’s Pipestone Natural Gas Processing Plant Phase 1 and II expansion projects; an adjacent natural gas storage facility; a truck-in/truck-out terminal; and associated gathering pipeline systems.
2023-08-21 - The deal, which comes after extensive M&A by Earthstone, will increase Permian Resources’ leasehold to more than 400,000 net acres and its production to 300,000 boe/d.