Clearfork Midstream Acquires Azure Midstream Energy

Harvest Midstream Acquires Paradigm Midstream, LLC from Ares Management Funds

February 27, 2023

Oil & Gas

Harvest Midstream has acquired Paradigm Midstream, LLC from funds managed by Ares Management's Infrastructure Opportunities strategy. The deal adds Paradigm’s North Dakota (Bakken) and South Texas (Eagle Ford) gathering, storage and pipeline assets — including four gathering systems, ~350 miles of lines and interests in terminals and crude/gas lines — expanding Harvest’s footprint into the Bakken and deepening its Eagle Ford presence.

Energy Transfer Acquires Lotus Midstream for $1.45 Billion

March 27, 2023

Energy

Energy Transfer LP agreed to acquire Lotus Midstream Operations, LLC (owner of the Centurion Pipeline system) for approximately $1.45 billion from an affiliate of EnCap Flatrock Midstream. Consideration includes $900 million cash and ~44.5 million newly issued Energy Transfer common units; the deal expands Energy Transfer's Permian Basin crude pipeline and storage footprint and is expected to close in Q2 2023 subject to regulatory approvals.

Energy Transfer LP Acquires Enable Midstream Partners

December 2, 2021

Oil & Gas

Dallas-based Energy Transfer LP completed its previously announced merger to acquire Oklahoma City-based Enable Midstream Partners, consolidating Enable’s gathering, processing, transportation and storage assets into Energy Transfer’s midstream network. The transaction, effective December 3, 2021, adds substantial fee-based cash flows and geographic footprint (Anadarko, Arkoma and Haynesville basins) and is expected to generate more than $100 million of annual run-rate synergies.

Tailwater Capital Acquires Tall Oak Midstream II and III from EnCap Flatrock Midstream

January 27, 2021

Energy

Tailwater Capital LLC has signed definitive agreements to acquire Tall Oak Midstream II and Tall Oak Midstream III from EnCap Flatrock Midstream. The transactions — executed via Tailwater Energy Fund III (Tall Oak III) and Tailwater Energy Fund IV (Tall Oak II) — will be integrated operationally with Tailwater's portfolio company Connect Midstream to expand pipeline, processing and compression capacity in the Arkoma STACK basin. Financial terms were not disclosed.

Tailwater Capital Acquires NorTex Midstream Partners

February 17, 2021

Oil & Gas

Dallas-based private-equity firm Tailwater Capital agreed to acquire NorTex Midstream Partners LLC, a Houston-based natural-gas storage and midstream operator. The acquisition gives Tailwater ownership of NorTex’s underground storage capacity (about 36 billion cubic feet), a trading hub and roughly 83 miles of pipeline near the Dallas–Fort Worth area to support gas-fired power generation as a complement to renewable energy.

Williams Acquires Haynesville Gathering and Processing Assets from Trace Midstream for $950M

March 14, 2022

Energy

Williams has agreed to acquire the Haynesville gathering and processing assets of Trace Midstream in a transaction valued at $950 million. The deal expands Williams' footprint and gathering capacity in the Haynesville basin, and includes a related long-term capacity commitment from Rockcliff and a joint-venture equity partnership with Quantum to support Williams' Louisiana Energy Gateway project.