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Blackstone Energy Partners

Company Summary

Description

Blackstone Energy Partners L.P. specializes in investing in buyouts. It invests in the energy sector with a focus on power, natural resources, services and equipment, upstream, midstream, and downstream sectors, the alternative energies, and in infrastructure sector. It seeks to invest globally with a focus on United States, Brazil, India, Africa, and Latin America. The fund prefers to take controlling stake in its portfolio companies with Blackstone Capital Partners VI investing alongside.

Website

http://www.blackstone.com/

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Company Transactions

Date: 7/30/2018
Type: Acquisition

BUYERS:
  • Falcon Minerals Corporation
  • Falcon Minerals Operating Partnership
    • SELLERS:
  • Blackstone Energy Partners
  • Blackstone Capital Partners
  • Royal Resources Ltd
    • DETAILS:

    COST: 894 $MM

    VOLUMES: 4.764 MBOE/d

    NOTES:
    Osprey Energy Acquisition Corp. has entered into a deal to acquire the assets of Royal Resources from Blackstone Energy Partners and Blackstone Capital Partners for $400 million in cash and 40 million shares of common stock. The combined company between Osprey and Royal will be named Falcon Minerals Corporation and Blackstone will retain a 47% ownership interest in the company via common stock holdings. The acquired assets include net production of 4,764 boe/d and an asset position spread across 251,000 gross unit mineral acres.
    REGIONS:
  • Austin Chalk
  • Eagle Ford

    • Date: 11/1/2017
    Type: Acquisition

    BUYERS:
  • Blackstone Energy Partners
    • SELLERS:
  • ET Rover Pipeline LLC
  • Rover Pipeline LLC
  • Energy Transfer Operating, L.P.
    • PROJECTS:
  • Rover Pipeline LLC
  • Rover Pipeline Phase 1
  • Rover Pipeline Phase 2
    • DETAILS:

    COST: 1.57 $B

    NOTES:
    Upon closing, ET Rover Pipeline be owned 50.1% by Energy Transfer and 49.9% by Blackstone. ET Rover owns 65% of Rover Pipeline, LLC.
    REGIONS:
  • Northeast

    • Date: 10/4/2017
    Type: Acquisition

    BUYERS:
  • Blackstone Energy Partners
    • SELLERS:
  • Targa Resources Corp.
    • PROJECTS:
  • Grand Prix NGL Pipeline
    • DETAILS:
    NOTES:
    Targa Resources reported that it has entered into a deal to sell a 25% stake in the Grand Prix NGL Pipeline to Blackstone Energy Partners
    REGIONS:
  • Permian Basin
  • Gulf Coast

    • Date: 7/31/2017
    Type: Acquisition

    BUYERS:
  • Blackstone Energy Partners
  • Blackstone Capital Partners
    • SELLERS:
  • EnCap Flatrock Midstream
  • Eagleclaw Midstream Ventures
    • DETAILS:

    COST: 2 $B

    NOTES:
    Blackstone Energy Partners and Blackstone Capital Partners announced that they have entered into a deal to acquire EagleClaw Midstream Ventures for $2 billion from EnCap Flatrock Midstream. The deal is an all-cash transaction and will close by en end of July 2017. Jeffries LLC is providing Blackstone with $1.25 billion in stapled debt financing for the deal.
    REGIONS:
  • Permian Basin

    • Date: 1/30/2017
    Type: Acquisition

    BUYERS:
  • Blackstone Energy Partners
  • ArcLight Capital Partners, LLC
    • SELLERS:
  • American Electric Power (AEP)
    • ASSETS:
  • Lawrenceburg Energy Facility
  • AEP Waterford Facility
  • Darby Electric Generating Station
  • General James M Gavin
    • DETAILS:

    COST: 2.17 $B

    VOLUMES: 5200 MW

    NOTES:
    American Electric Power (NYSE: AEP) has sale of four power plants totaling approximately 5,200 megawatts (MW) for approximately $2.17 billion to a newly formed joint venture of Blackstone (NYSE: BX) and ArcLight Capital Partners LLC (ArcLight).

    Date: 12/16/2016
    Type: Acquisition

    BUYERS:
  • IEnova Infraestructura Energetica
  • Sempra Energy
    • SELLERS:
  • Blackstone Energy Partners
  • CEMEX, S.A.B. de C.V.
  • Fisterra Energy
    • ASSETS:
  • Ventika I & II Wind Generation Facilities
    • DETAILS:

    COST: 900 $MM

    VOLUMES: 250 MW

    REGIONS:
  • Mexico