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Sterling Energy Investments LLC

Company Summary

Description

Sterling is a private, full-service midstream and infrastructure company headquartered in Denver, Colorado that has been operating in the DJ Basin since 2000. The management team at Sterling has enjoyed a 27-year history running highly successful midstream companies in partnership with Morgan Stanley Capital Partners. For more information, please visit sterlingenergy.us.

Website

https://sterlingenergy.us/

Operational Regions

  • DJ Basin

Recent news

  • 12/5/2022 - Summit Midstream Closes... (subscriber access)
  • 10/17/2022 - Summit Midstream... (subscriber access)
  • 5/8/2018 - Sterling Energy... (subscriber access)
  • 1/29/2018 - Bonanza Creek Completes... (subscriber access)
  • 11/14/2017 - Bonanza Creek Enters... (subscriber access)

Company Transactions

Date: 12/31/2022
Type: Acquisition

BUYERS:
  • Summit Midstream Partners, LP
    • SELLERS:
  • Outrigger Energy II LLC
  • Sterling Investment Holdings LLC
  • Sterling Energy Investments LLC
  • Grasslands Energy Marketing LLC
  • Centennial Water Pipelines LLC
    • ASSETS:
  • Outrigger Energy DJ Basin Gathering & Processing System
  • Sterling DJ System
  • Outrigger Crude Oil Gathering System
    • DETAILS:

    COST: 305 $MM

    NOTES:
    Summit Midstream has signed a deal with Outrigger Energy II to acquire the Outrigger DJ Midstream LLC entity and with Sterling Investment Holdings to buy Sterling Energy Investments LLC, Grasslands Energy Marketing LLC and Centennial Water Pipelines LLC. The assets will be purchased for a total aggregate price of $305 million in cash. Closing is targeted for 4Q22.
    REGIONS:
  • DJ Basin