M&A Deal Summary

Evolution Midstream Acquires Lucid Energy Group - Rowdy Gas Gathering System

On June 5, 2017, Evolution Midstream acquired oil/gas exploration company Lucid Energy Group - Rowdy Gas Gathering System from Lucid Energy Group

Acquisition Highlights
  • This is Evolution Midstream’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Evolution Midstream’s 1st transaction in the United States.
  • This is Evolution Midstream’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-06-05
Target Lucid Energy Group - Rowdy Gas Gathering System
Sector Oil/Gas Exploration
Buyer(s) Evolution Midstream
Sellers(s) Lucid Energy Group
Deal Type Divestiture

Target

Lucid Energy Group - Rowdy Gas Gathering System

Dallas, Texas, United States
Lucid Energy Group LLC - Rowdy Gas Gathering System is comprised of approximately 1,000 miles of gas gathering lines and 43,700 horsepower of compression.

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Buyer(S) 1

Buyer

Evolution Midstream

Denver, Colorado, United States

Category Company
Founded 2015
Sector Oil/Gas Exploration
DESCRIPTION

Evolution Midstream is an independent midstream company that strives to fill strategic voids in the market by offering flexible, customer-centric solutions. Evolution Midstream was founded in 2015 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Lucid Energy Group

Dallas, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Lucid Energy Group, LLC is a startup midstream services company providing gathering, treating, processing, compression and transportation services to producers working in the Mid-Continent.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1