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Whitewater Midstream LLC Acquires Gateway Pipeline, Formerly Owned by Sendero
08/28/2021
Whitewater Midstream LLC, a company that manages assets of over 3 billion USD in natural gas transportation in the Permian Basin, has expanded the range of its pipelines after acquiring Sendero Midstream Partner LP’s Gateway Pipeline. It is approximately 24-mile long and 24 inches in diameter. The company has made the acquisition official through an announcement on 26th August 2021. The Gateway pipeline, which was previously owned by Sendero, transports dry gas to WhiteWater’s Agua Blanca intrastate pipeline network.
The amount in which the roughly 24-mile-long pipeline has been acquired by Whitewater Midstream LLC is not disclosed According to Sendero, their formerly-owned Gateway dry gas pipeline has been operational since the second quarter of 2020.
Back in January 2021, Whitewater Midstream LLC announced the expansion of their natural gas pipeline into the Permian Basin that transports gas to the Waha Hub for processing and production. The Agua Blanca system’s capacity is now over 3 Bcf/d. This was a joint venture between Whitewater Midstream LLC and MPLX. This system consists of gas transportation systems with large diameter pipelines.
Additionally, the gas pipeline network facilitates Culberson, Loving, Pecos, Reeves, Ward, and Winkler counties in Western Texas. Agua Blanca connects to nearly 20 gas production and processing stations around the Permian’s Delaware sub-basin. Whitewater Midstream LLC was led by First Infrastructure Capital for its investment in the Agua Blanca project.
Post the company’s Agua Blanca expansion, from April to May 2021, Whitewater Midstream LLC held an open season where they were looking to determining interest in the capacity of 2 Bcf at the Waha Gas Storage facility located in Pecos County, Texas. Its Whistler Pipeline Service began its full commercial operations on 1st July 2021. The Whistler Pipeline service was made to transport natural gas to the markets located in various regions of the Gulf of Mexico. According to the company, this project will ensure the takeaway of an adequate amount of reliable gas. Other than that, the project also envisions to work in the Permian Basin to reduce natural gas flaring.
About Whitewater Midstream LLC
Whitewater Midstream LLC is a management-based infrastructure company based in Austin, Texas. It was founded in 2016 and since then, Whitewater has done business with multiple direct investors and private equity funds. Since Whitewater Midstream LLC has started operating in Texas, it has invested more than 3 billion USD in development projects such as gas pipeline installation, gas production, and other greenfield projects. They were represented by Sidney Austin LLP in the acquisition of Gateway Pipeline, formerly owned by Sendero.
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Black Bear Roars with Success: Mississippi Gas Gathering Assets Sold
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Skye MS LLC purchased a package deal from Black Bear, which included over 120 miles of natural gas pipelines and eight active metered locations. Black Bear Transmission LLC, based in Houston, successfully finalized the sale of gas gathering assets owned by BBT Mississippi LLC (BBT MS) to Skye MS LLC of Columbia, Mississippi. The specific amount of the transaction remains undisclosed. BBT MS is the proud owner and operator of a fee-based, natural gas transmission system that efficiently supplies gas to utility, industrial, and power generation customers. It facilitates the connection of wellhead production in Mississippi to regional long-haul pipelines.
Multi-Billion Dollar Deal: Ovintiv to Expand Midland Basin Portfolio with EnCap Acquisition and Exit Bakken
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Ovintiv Strikes Billion-Dollar Oil Deal, Doubling Production in Permian Basin with EnCap's Black Swan, PetroLegacy, and Piedra Resources. The deal, which was approved unanimously by Ovintiv's board, is slated to close on June 30. With over $5 billion in transactions announced on April 3, Ovintiv is set to expand its oil production by snatching up 65,000 net acres in the core of the Midland Basin. The deal with EnCap will give them a strategic edge in Martin and Andrews counties, Texas, with approximately 1,050 net, 10,000-ft well locations added to their inventory.
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Rangeland Energy has agreed to sell Rangeland Midstream Canada to Kingston Midstream Alberta and remains committed to future Canadian midstream investments. Texas-based Rangeland Energy, supported by financial partner EnCap Flatrock Midstream, has inked a deal to sell its Canadian subsidiary, Rangeland Midstream Canada Ltd., to Calgary's Kingston Midstream Alberta Ltd. for cash.
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The merger between ONEOK and Magellan received approval from Magellan shareholders, securing just 55% of the total votes at Magellan’s meeting on Sept. 21. ONEOK Inc. has successfully concluded the acquisition of Magellan Midstream Partners LP on Sept. 25. The deal will bring together their respective assets and expertise, resulting in a powerful entity boasting an extensive network of approximately 25,000 miles of pipelines primarily focused on transporting liquids.
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Viper Energy's deal, comprised of cash and equity, secures an additional 2,800 net royalty acres in the Midland Basin and 1,800 in the Delaware Basin. Viper Energy Partners LP, a Diamondback Energy Inc. subsidiary, has inked a deal to acquire mineral and royalty interests in the Permian Basin. The deal, valued at around $1 billion, is with Warwick Capital Partners and GRP Energy Capital. Viper was established by Diamondback with the purpose of owning, purchasing, and capitalizing on oil and natural gas assets in North America, specifically targeting mineral and royalty interests.