Harvest Midstream Acquires Paradigm Midstream, LLC from Ares Management Funds

Harvest Midstream Acquires Remaining Interest in Arrowhead Gulf Coast Holdings

July 20, 2022

Oil & Gas

Harvest Midstream completed the purchase of the remaining interest in Arrowhead Gulf Coast Holdings (AGCH), bringing AGCH under full ownership after acquiring the 37.5% stake previously held by a fund managed by BlackRock Real Assets. The transaction consolidates Harvest’s control of nearly 300 miles of crude and condensate pipelines and terminal assets serving the Louisiana refinery market, reinforcing its commitment to the Gulf Coast region.

Western Midstream Acquires Meritage Midstream for $885M

September 5, 2023

Energy

Western Midstream Partners, LP agreed to acquire Meritage Midstream Services II, LLC in an all-cash transaction for $885 million to expand its Powder River Basin footprint. The deal adds ~1,500 miles of gathering pipelines, ~380 MMcf/d processing capacity and the Thunder Creek NGL pipeline; closing was expected in Q4 2023 subject to customary approvals.

Phillips 66 Acquires Pinnacle Midstream from Energy Spectrum Capital

May 20, 2024

Energy

Phillips 66 has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle Midstream II) from private equity firm Energy Spectrum Capital for $550 million to expand its natural gas gathering and processing footprint in the Midland Basin. The assets include the Dos Picos 220 MMcf/d processing plant, ~80 miles of gathering pipeline and 50,000 dedicated acres; the deal is expected to close mid‑2024 subject to customary conditions, including HSR clearance.

Enterprise Products Partners Acquires Navitas Midstream

February 17, 2022

Energy

Enterprise Products Partners L.P. completed the previously announced $3.25 billion acquisition of Navitas Midstream Partners, LLC, giving Enterprise a foothold for natural gas gathering, treating and processing in the Midland Basin. Navitas' assets include ~1,750 miles of pipelines and over 1 billion cubic feet per day of cryogenic natural gas processing capacity backed by long-term contracts.

Stakeholder Midstream Acquires Santa Fe Midstream Gas Gathering and Processing Assets

December 15, 2020

Oil & Gas

Stakeholder Midstream, LLC acquired gas gathering and processing assets from Santa Fe Midstream, LLC in Yoakum County, Texas, including the 30-30 Gas Treating and Processing Plant, gathering pipelines, residue and NGL lines, and a long-term acreage dedication. The deal increases combined gas processing capacity to ~85 MMcf/d, expands total gathering pipeline mileage to ~450 miles and acreage dedications to over 200,000 acres, complementing Stakeholder's existing Campo Viejo system and expanding its capabilities in the San Andres play.

Enbridge Acquires Moda Midstream Operating for US$3.0 Billion

October 12, 2021

Oil & Gas

Enbridge Inc. has completed the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for US$3.0 billion, gaining a 100% operating interest in the Ingleside Energy Center and associated pipeline and logistics assets. The deal also gives Enbridge a 20% interest in the Cactus II Pipeline and advances its U.S. Gulf Coast export strategy and connectivity to Permian and Eagle Ford reserves.