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Oryx Midstream Services II, LLC

Company Summary

Description

Midland-based Oryx Midstream Services is focused on developing midstream infrastructure in the Delaware Basin in New Mexico and Texas. Led by an experienced team with more than 145 years of experience in the oil and gas industry, Oryx is dedicated to providing producers with solutions and flexibility through a full suite of midstream services.

Website

http://www.oryxmidstream.com/

Operational Regions

  • Delaware Basin
  • Permian Basin

Related Entities

Recent news

  • 10/15/2020 - Oryx Commences Open... (subscriber access)
  • 5/20/2020 - Oryx Kicks Off Open... (subscriber access)
  • 11/14/2019 - Rattler and Oryx Close... (subscriber access)
  • 11/12/2019 - Targa Resources Selling... (subscriber access)
  • 10/4/2019 - Rattler and Oryx Report... (subscriber access)

Company Transactions

Date: 11/14/2019
Type: Acquisition

BUYERS:
  • Rattler Midstream LLC
  • Oryx Midstream Services II, LLC
    • SELLERS:
  • Reliance Gathering LLC
    • ASSETS:
  • Reliance Midland Basin Gathering System
    • DETAILS:

    COST: 335 $MM

    VOLUMES: 110 M Bbls/d

    NOTES:
    Rattler Midstream and Oryx Midstream reported that their newly formed joint venture entered into a definitive purchase and sales agreement to acquire Reliance Gathering for $335 Million.
    REGIONS:
  • Midland Basin

    • Date: 11/12/2019
    Type: Acquisition

    BUYERS:
  • Oryx Midstream Services II, LLC
    • SELLERS:
  • Targa Resources Corp.
  • Targa Resources Partners LP
    • DETAILS:

    COST: 135 $MM

    VOLUMES: 65 M Bbls/d

    NOTES:
    Targa Resources has found a buyer for its Permian Basin crude gathering assets, selling their pipelines and terminals to Oryx Midstream for $135 million. Targa's assets in the deal moved an estimated 65 Mbbl/d in 2018.
    REGIONS:
  • Permian Basin

    • Date: 8/7/2019
    Type: Acquisition

    BUYERS:
  • Qatar Investment Authority (QIA)
    • SELLERS:
  • Stonepeak Infrastructure Partners
  • Oryx Midstream Services II, LLC
    • DETAILS:

    COST: 550 $MM

    NOTES:
    Qatar Investment Authority has acquired a stake in Oryx Midstream Services from Stonepeak Infrastructure Partners for $550 million.
    REGIONS:
  • Permian Basin

    • Date: 7/31/2018
    Type: Acquisition

    BUYERS:
  • WPX Energy, Inc.
    • SELLERS:
  • Oryx Midstream Services II, LLC
    • PROJECTS:
  • Oryx Delaware Basin Crude Oil Gathering & Transport System
    • DETAILS:
    NOTES:
    WPX Energy reported that in July, they exercised their option to double their stake in the Oryx II Pipeline Project from 12.5% to 25%.
    REGIONS:
  • Permian Basin