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Eagleclaw Midstream Services

Company Summary

Description

EagleClaw Midstream Services is led by a senior management team with deep roots in West Texas and decades of collective experience in the Permian. Our goal is to provide producers with rapid response time and flexible solutions that meet their infrastructure requirements on time and on budget so they can focus on their core business. EagleClaw Midstream Services is currently focused on growing its existing assets in the Delaware Basin as well as pursuing greenfield and acquisition opportunities in the region.

Website

http://www.eagleclawmidstream.com/

Operational Regions

  • Permian Basin

Related Entities

Recent news

  • 2/11/2022 - Altus Midstream... (subscriber access)
  • 10/22/2021 - Altus Midstream Merging... (subscriber access)
  • 5/2/2019 - PDC Energy Divesting... (subscriber access)
  • 11/2/2018 - EagleClaw Midstream... (subscriber access)
  • 9/6/2018 - Kinder Morgan and... (subscriber access)

Company Transactions

Date: 3/1/2022
Type: Merger

NOTES:
Altus Midstream has announced plans to combine with BCP Raptor Holdco, which is the parent company behind EagleClaw Midstream, Caprock Midstream and Pinnacle Midstream. Altus will issue 50 million Class C common shares to BCP unitholders, which are mainly funds affiliated with Blackstone and I Squared Capital. Once the deal closes in 1Q22, BCP unitholders will own 75% of the proforma company, Apache Midstream will own 20% and current Altus public shareholders will own 5%.
REGIONS:
  • Delaware Basin
  • Date: 6/30/2019
    Type: Acquisition

    SELLERS:
  • PDC Energy, Inc.
  • DETAILS:

    COST: 182 $MM

    NOTES:
    The gas assets will be sold to EagleClaw Midstream for $182 million, including a $100 million payment upon closing and an $82 million payment within a year of closing. The deal also includes long-term flow assurance on EagleClaw assets. The water assets are being purchased by WaterBridge Resources for $125 million.
    REGIONS:
  • Delaware Basin
  • Date: 12/31/2018
    Type: Acquisition

    DETAILS:

    COST: 950 $MM

    REGIONS:
  • Delaware Basin