M&A Deal Summary

Tumbleweed Midstream Acquires DCP Midstream - Ladder Creek Helium Plant and Gathering System

On January 8, 2020, Tumbleweed Midstream acquired oil/gas exploration company DCP Midstream - Ladder Creek Helium Plant and Gathering System from DCP Midstream

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

M&A Deal Summary

Date 2020-01-08
Target DCP Midstream - Ladder Creek Helium Plant and Gathering System
Sector Oil/Gas Exploration
Buyer(s) Tumbleweed Midstream
Sellers(s) DCP Midstream
Deal Type Divestiture

Target

DCP Midstream - Ladder Creek Helium Plant and Gathering System

Denver, Colorado, United States
DCP Midstream's Ladder Creek Helium Plant and Gathering System serve natural gas producers operating in eastern Colorado and western Kansas, which includes the Morrow, Mississippian, Spergen, Chester, and Marmaton formations.

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Buyer(S) 1

Buyer

Tumbleweed Midstream

Cheyenne Wells, Colorado, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Tumbleweed Midstream LLC is an independent natural gas gathering and processing company whose primary business is focused on the separation and production of liquefied helium, NGLs, and residue gas from the incoming gas stream as well as the purification and liquefaction of crude helium from third parties. Tumbleweed Midstream is based in Cheyenne Wells, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

DCP Midstream

Denver, Colorado, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

DCP Midstream is a provider of natural gas gatherers and processors, and natural gas liquids (NGLs) producer. DCP Midstream operates in 16 states across the five largest natural gas producing regions in the United States. DCP Midstream is based in Denver, Colorado.


DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Divestiture) 3 of 3
State (Colorado) 2 of 2
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 DCP Midstream - Gas Supply Resources

Denver, Colorado, United States

DCP Midstream LLC - Gas Supply Resources consisting of seven natural gas liquids terminals in the Eastern United States

Sell -