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Eagleclaw Midstream Ventures

Company Summary

Description

Texas leads the nation in fossil fuel reserves. Texas crude oil reserves represent almost 25 percent of the U.S. total, and Texas natural gas reserves account for more than three-tenths of the U.S. total. Although Texas’s oil reserves are found in several geologic basins throughout the state, the largest remaining reserves are concentrated in the Permian Basin of West Texas, which contains more than 20 of the nation’s top 100 oil fields. The Permian has long been one of the premier oil and gas producing basins in the world. This prolific basin covers more than 75,000 square miles and 25 counties in Texas and New Mexico. 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. EagleClaw is backed by a $350 million in growth capital from EnCap Flatrock Midstream of San Antonio.

Website

http://www.eagleclawmidstream.com/about

Related Entities

Firm Transport Commitments

Project: Permian Highway Pipeline Project (PHP Project)
Firm Commitment: 500,000 Dth/d

Recent news

  • 4/3/2019 - EagleClaw Midstream... (subscriber access)
  • 4/3/2019 - EagleClaw Midstream... (subscriber access)
  • 4/2/2019 - EagleClaw Midstream... (subscriber access)
  • 1/16/2019 - Kinder Morgan Issues... (subscriber access)
  • 11/2/2018 - EagleClaw Midstream... (subscriber access)

Company Transactions

Date: 11/2/2018
Type: Acquisition

BUYERS:
  • I Squared Capital
  • Pinnacle Midstream, LLC
    • SELLERS:
  • Eagleclaw Midstream Ventures
  • Blackstone Capital Partners
  • BCP Raptor Holdco
    • DETAILS:

    COST: 0.5 $B

    NOTES:
    EagleClaw Midstream and funds managed by Blackstone Energy announced that I Squared Capital has committed over $500 million in cash and its Delaware Basin portfolio held by Pinnacle Midstream to EagleClaw. I Squared has also become a partner in BCP Raptor Holdco, the parent company of EagleClaw.
    REGIONS:
  • Delaware Basin

    • 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: 9/30/2016
    Type: Acquisition

    BUYERS:
  • Eagleclaw Midstream Ventures
    • SELLERS:
  • PennTex Midstream Partners, LLC
  • PennTex Permian, LLC
    • ASSETS:
  • Penntex Pecos Plant
  • Penntex Ward Gathering Pipeline
  • Penntex Condensate Pipeline
    • DETAILS:
    NOTES:
    Eagleclaw Midstream Ventures signed a deal to acquire Penntex Permian, a wholly owned subsidiary company of Penntex Midstream, LLC.
    REGIONS:
  • South