M&A Deal Summary |
|
|---|---|
| Date | 2022-05-25 |
| Target | Crestwood Equity Partners - North Texas Gathering & Processing Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | EnLink Midstream |
| Sellers(s) | Crestwood |
| Deal Type | Divestiture |
| Deal Value | 275M USD |
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| Category | Company |
|---|---|
| Founded | 2013 |
| Sector | Energy Services and Equipment |
| Employees | 1,073 |
| Revenue | 6.8B USD (2021) |
EnLink Midstream is an integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. EnLink operates in several top U.S. basins and is strategically focused on the core growth areas of the Permian's Midland and Delaware basins, Oklahoma's Midcontinent, and Louisiana's Gulf Coast. EnLink Midstream was founded in 2013 and is incorporated in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Oil/Gas Exploration) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 3 of 3 |
| Country (United States) | 3 of 3 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-22 |
EnLink Midstream Partners
Dallas, Texas, United States EnLink Midstream Partners LP is a provider of midstream energy services to producers of natural gas, natural gas liquids, crude oil and condensate. EnLink Midstream Partners was formed in 1992 and is based in Dallas, Texas. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Energy Services and Equipment |
| Revenue | 6.0B USD (2022) |
Crestwood is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. The company is engaged in the gathering, processing, treating, compression, and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling, and marketing of crude oil; and gathering and disposal of produced water. Crestwood was founded in 2001 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 3 of 4 |
| State (Texas) | 1 of 2 |
| Country (United States) | 3 of 4 |
| Year (2022) | 1 of 2 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-26 |
Oasis Midstream Partners
Houston, Texas, United States Oasis Midstream Partners own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations of Oasis Petroleum and strategically positioned to capture volumes from other producers. Oasis Midstream's initial assets are located in the Williston Basin area of North Dakota and Montana. Oasis Midstream Partners was founded in 2013 and is based in Houston, Texas. |
Buy | $1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-12 |
Crestwood Equity Partners s Marcellus Gathering and Compression System
Houston, Texas, United States Crestwood Equity Partners's Marcellus Gathering and Compression System includes gas gathering and compression assets in Houston, Texas. |
Sell | $205M |
