M&A Deal Summary |
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Date | 2021-10-26 |
Target | Oasis Midstream Partners |
Sector | Oil/Gas Exploration |
Buyer(s) | Crestwood |
Deal Type | Add-on Acquisition |
Deal Value | 1.8B USD |
Advisor(s) | Morgan Stanley Tudor, Pickering, Holt & Co., LLC Jefferies (Financial) Vinson & Elkins Richards, Layton & Finger (Legal) |
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Category | Company |
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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 | 4 of 4 |
Sector (Oil/Gas Exploration) | 3 of 3 |
Type (Add-on Acquisition) | 2 of 2 |
State (Texas) | 3 of 3 |
Country (United States) | 4 of 4 |
Year (2021) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-06-01 |
Stagecoach
Owego, New York, United States Stagecoach consists of 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines. |
Sell | $1.2B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-05-25 |
Crestwood Equity Partners - North Texas Gathering & Processing Assets
Houston, Texas, United States North Texas Gathering and Processing System assets include 500 miles of lean and rich gas gathering pipeline and three processing plants with 425 million cubic feet per day (MMcf/d) of capacity, which will be available for future relocation. |
Sell | $275M |