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Outrigger Energy

Company Summary

Description

Outrigger Energy is a private, full service midstream energy company specializing in greenfield project development with a current focus in liquid-rich natural gas and crude oil basins in the Permian Basin of West Texas, the Rockies, and Mid-Continent areas.

Website

http://www.outriggerenergy.com/about.html

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Recent news

Company Transactions

Date: 8/7/2017
Type: Acquisition

BUYERS:
  • Tallgrass Midstream
    • SELLERS:
  • Outrigger Energy
    • ASSETS:
  • Outrigger Powder River Basin Gathering System
    • DETAILS:

    COST: 36 $MM

    NOTES:
    The acquired assets include approximately 34 miles of gathering lines and approximately 150,000 acres dedicated on a long-term fee-based contract. Tall
    REGIONS:
  • Powder River Basin

    • Date: 2/15/2017
    Type: Acquisition

    BUYERS:
  • Targa Resources Partners LP
  • Targa Resources Corp.
    • SELLERS:
  • Outrigger Delaware Operating, LLC
  • Outrigger Midland Operating, LLC
  • Outrigger Southern Delaware Operating, LLC
  • Outrigger Energy
    • DETAILS:

    COST: 565 $MM

    NOTES:
    Initially, Targa will pay Outrigger $565 million in cash for the assets. Later, Targa will fulfill payments in 2018 & 2019 that will include $935 million in cash depending on certain performance-linked measures. The second set of payments are not guaranteed to Outrigger.
    REGIONS:
  • Delaware Basin
  • Midland Basin