WhiteWater Midstream LLC acquired Sendero Midstream Partners LP’s Gateway Pipeline, one of the residue gas outlets of the Sendero Carlsbad gathering and processing system serving producers in the northern Delaware Basin of the Permian.
Austin, Texas-based WhiteWater acquired the 24-inch Gateway Pipeline from Sendero for an undisclosed amount, according to a company release on Aug. 26.
The Gateway Pipeline is connected to WhiteWater’s Agua Blanca pipeline system and extends approximately 24 miles north from Reeves County, Texas, into the Carlsbad Area of New Mexico. Gateway has been in service since second-quarter 2020, according to Sendero’s website.
The Agua Blanca pipeline system is a Delaware Basin intrastate natural gas pipeline operated through a joint venture between WhiteWater and MPLX. The system consists of over 200 miles of large diameter pipelines with a system capacity of about 3 Bcf/d and services portions of Culberson, Loving, Pecos, Reeves, Ward and Winkler counties in West Texas.
WhiteWater’s investment in Agua Blanca is led by First Infrastructure Capital.
Founded in 2016, WhiteWater has partnered with multiple private equity funds and direct investors since its inception.
Sidley Austin LLP is representing WhiteWater Midstream in its acquisition of Sendero’s Gateway Pipeline. The Sidley deal team is co-led by partners Tim Chandler and Ken Irvin.
Recommended Reading
Utility, Clean Energy Company Allete to Go Private in $6.2B Deal
2024-05-06 - The Minnesota-based utility said on May 6 it agreed to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners.
SunPower Appoints Garzolini as Executive VP, Chief Revenue Officer
2024-03-14 - Tony Garzolini will oversee SunPower’s sales, including the direct, dealer and new homes channels, along with pricing and demand generation.
Vision RNG Expands Leadership Team
2024-05-01 - Vision RNG named Adam Beck as vice president of project execution, Doug Prechter as vice president of finance and Beckie Dille as HR manager.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
OGInterview: Building EIV Capital’s Midstream Investment Strategy
2024-05-01 - Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.