Investment Summary

Evolve Transition Infrastructure Invests In Carnero Processing

On October 6, 2016, Evolve Transition Infrastructure invested in energy services and equipment company Carnero Processing from Sanchez Energy

Investment Highlights
  • This is Evolve Transition Infrastructure’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Evolve Transition Infrastructure’s 3rd transaction in the United States.
  • This is Evolve Transition Infrastructure’s 3rd transaction in Texas.

Investment Summary

Date 2016-10-06
Target Carnero Processing
Sector Energy Services and Equipment
Investor(s) Evolve Transition Infrastructure
Sellers(s) Sanchez Energy
Deal Type Stake Purchase

Target

Carnero Processing

Texas, United States
Carnero Processing LLC is a provider of energy services in Texas.

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Investor(S) 1

Investor

Evolve Transition Infrastructure

Houston, Texas, United States

Category Company
Founded 2005
Sector Energy Services and Equipment
Revenue 51M USD (2021)
DESCRIPTION

Evolve Transition Infrastructure is a developer, owner and operator of midstream and other energy production assets. Sanchez Midstream Partners was founded in 2005 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 3 of 3
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Sanchez Energy - Midstream Assets

Texas, United States

Sanchez Energy Corp. - Midstream Assets includes working interests in 23 producing Eagle Ford wellbores located in Dimmit and Zavala counties in South Texas together with escalating working interests in an additional 11 producing wellbores located in the Palmetto Field in Gonzales County, Texas.

Buy $27M

Seller(S) 1

SELLER

Sanchez Energy

Houston, Texas, United States

Category Company
Founded 2011
Sector Oil/Gas Exploration
Revenue 476M USD (2015)
DESCRIPTION

Sanchez Energy is an independent exploration and production company, focused on the acquisition and development of unconventional oil and natural gas resources in the onshore US Gulf Coast, with a current focus on the horizontal development of significant resource potential from the Eagle Ford Shale in South Texas and the TMS in Mississippi and Louisiana. Sanchez Energy was formed in 2011 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 3 of 3
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Sanchez Energy - Midstream Assets

Texas, United States

Sanchez Energy Corp. - Midstream Assets includes working interests in 23 producing Eagle Ford wellbores located in Dimmit and Zavala counties in South Texas together with escalating working interests in an additional 11 producing wellbores located in the Palmetto Field in Gonzales County, Texas.

Sell $27M