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Cardinal Midstream

Company Summary

Description

Headquartered in Dallas, Cardinal is a midstream services company focused on providing customers with exceptional service. Primary services include natural gas and crude oil gathering, centralized compression and production facilities, gas processing and treating, and condensate stabilization and vapor recovery.

Website

http://www.efmidstream.com/portfolio-companies

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Recent news

Company Transactions

Date: 1/15/2023
Type: Acquisition

BUYERS:
  • Cardinal Midstream
    • SELLERS:
  • Medallion Midstream
    • DETAILS:
    NOTES:
    Cardinal signed definitive agreements to acquire Medallion Midstream's natural gas gathering and processing business in the Delaware Basin in West Texas. Specifically, Cardinal will receive ~80 miles of high-and-low pressure natural gas gathering pipelines and 140 Mmcfe/d in natural gas processing facility. The cost is undisclosed, but the expected close date is early 2023.
    REGIONS:
  • Permian Basin