Crestwood Permian Basin Holdings LLC
Company Summary
Description
Crestwood Permian Basin Holdings LLC (“CPJV”), is a joint venture focused on developing, owning and operating midstream infrastructure in the Delaware Basin. The company is a 50/50 JV between First Reserve and Crestwood Equity Partners.Operational Regions
- Permian Basin
- Delaware Basin
Related Entities
Recent news
- 5/26/2022 - Crestwood Equity... (subscriber access)
- 10/30/2018 - Crestwood Announces 3Q18... (subscriber access)
- 7/24/2018 - Crestwood Equity Acquiring Ownership on Segment of EPIC Y-Grade NGL Pipeline; Chevron Phillips Enters Sales Agreement for Orla NGL's
- 7/24/2018 - Crestwood Equity Begins... (subscriber access)
- 2/20/2018 - Crestwood On Track to... (subscriber access)
Company Transactions
Date: 9/30/2022
Type: Acquisition
NOTES:
Crestwood Equity Partners has signed a deal to acquire the remaining 50% equity interest in Crestwood Permian Basin Holdings LLC from First Reserve for $320 million. As part of the deal, First Reserve will fund $75 million into the JV to pay down asset-level debt and fund a portion of Crestwood's cash due to acquire Sendero Midstream. Concurrently, Crestwood will issue First Reserve 11.3MM common units, representing the full transaction value. This will equate to First Reserve owning 10% of Crestwood's common units. Crestwood will also assume $75 million in debt at the JV level.
Crestwood Equity Partners has signed a deal to acquire the remaining 50% equity interest in Crestwood Permian Basin Holdings LLC from First Reserve for $320 million. As part of the deal, First Reserve will fund $75 million into the JV to pay down asset-level debt and fund a portion of Crestwood's cash due to acquire Sendero Midstream. Concurrently, Crestwood will issue First Reserve 11.3MM common units, representing the full transaction value. This will equate to First Reserve owning 10% of Crestwood's common units. Crestwood will also assume $75 million in debt at the JV level.
REGIONS:
Permian Basin
Date: 7/24/2018
Type: Acquisition
SELLERS:
EPIC Y Grade Pipeline, LP
DETAILS:
VOLUMES: 80 M Bbls/d
NOTES:
Crestwood Permian Basin Holdings has acquired an undivided stake in the first phase of the EPIC NGL Pipeline Project, which runs from the Orla Natural Gas Plant to Benedum, Texas. Crestwood controls 80 Mbbl/d in NGL transport capacity.
Crestwood Permian Basin Holdings has acquired an undivided stake in the first phase of the EPIC NGL Pipeline Project, which runs from the Orla Natural Gas Plant to Benedum, Texas. Crestwood controls 80 Mbbl/d in NGL transport capacity.
REGIONS:
Permian Basin
Date: 6/21/2017
Type: Joint Venture
NOTES:
Crestwood Equity Partners announced that it will be dropping down its Willow Lake Gathering assets in the Delaware Basin into a 50/50 joint-venture with First Reserve, Crestwood Permian Basin Holdings. The drop-down, valued at $151 million, will count towards Crestwood's share of capital spending on the joint venture.
Crestwood Equity Partners announced that it will be dropping down its Willow Lake Gathering assets in the Delaware Basin into a 50/50 joint-venture with First Reserve, Crestwood Permian Basin Holdings. The drop-down, valued at $151 million, will count towards Crestwood's share of capital spending on the joint venture.
REGIONS:
Delaware Basin
News & Press Releases
Criterion News
- 5/26/2022 - Crestwood Equity... (subscriber access)
- 10/30/2018 - Crestwood Announces 3Q18... (subscriber access)
- 7/24/2018 - Crestwood Equity Acquiring Ownership on Segment of EPIC Y-Grade NGL Pipeline; Chevron Phillips Enters Sales Agreement for Orla NGL's
- 7/24/2018 - Crestwood Equity Begins... (subscriber access)
- 2/20/2018 - Crestwood On Track to... (subscriber access)
- 10/18/2017 - Crestwood Equity... (subscriber access)
- 8/3/2017 - Shell Midstream Partners... (subscriber access)
- 8/1/2017 - Crestwood Equity Reports... (subscriber access)
- 8/1/2017 - Crestwood Permian Begins... (subscriber access)
- 6/21/2017 - Crestwood Contributes... (subscriber access)
- 6/6/2017 - Crestwood Reports... (subscriber access)
- 5/24/2017 - Crestwood Permian Basin... (subscriber access)
- 5/24/2017 - Crestwood Announces... (subscriber access)
Projects & Assets
Direct Assets
Related Assets
Crestwood Equity Partners LP
Williams Companies, Inc.
Bucking Horse Natural Gas Processing Plant (subscriber access)
Williams Companies, Inc.
Bucking Horse Natural Gas Processing Plant (subscriber access)
Crestwood Equity Partners LP
Williams Companies, Inc.
Crestwood PRB Niobrara Gathering System (subscriber access)
Williams Companies, Inc.
Crestwood PRB Niobrara Gathering System (subscriber access)
Crestwood Equity Partners LP
Crestwood Midstream Partners LP
North-South Pipeline (subscriber access)
Crestwood Midstream Partners LP
North-South Pipeline (subscriber access)
Crestwood Permian Basin Holdings LLC
Orla Natural Gas Processing Plant (Crestwood) (subscriber access)
Orla Natural Gas Processing Plant (Crestwood) (subscriber access)
Crestwood Equity Partners LP
Crestwood Midstream Partners LP
Tres Palacios Gas Storage (subscriber access)
Crestwood Midstream Partners LP
Tres Palacios Gas Storage (subscriber access)
Direct Projects
Nautilus System Phase 1 (subscriber access)Status: (subscriber access)
Orla Processing Plant (subscriber access)
Status: (subscriber access)
Orla Express Pipeline (subscriber access)
Status: (subscriber access)
Nautilus-to-Orla Pipeline (subscriber access)
Status: (subscriber access)
Related Projects
Arrow Gathering System - Water Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Arrow Midstream 2017 System Expansions (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Midstream Partners LP
Crestwood Equity Partners LP
Arrow Midstream 2018 System Expansions (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Midstream Partners LP
Crestwood Equity Partners LP
Bear Den Plant - Phase 1 (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Bear Den Plant – Phase 2 (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Williams Partners L.P.
Bucking Horse Processing Plant - Train 2 (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Williams Partners L.P.
Bucking Horse Processing Plant Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Williams Partners L.P.
Jackalope Gathering System Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Williams Partners L.P.
Jackalope Gathering System Expansion (2019) (subscriber access)
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Parent Entities:
Crestwood Equity Partners LP
Williams Partners L.P.
Mariah Renewable Energy Center (subscriber access)
Status: (subscriber access)
Parent Entities:
First Reserve
Mariah Acquisition LLC
Nautilus System Phase 1 (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Permian Basin Holdings LLC
Nautilus-to-Orla Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Permian Basin Holdings LLC
Orla Express Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Permian Basin Holdings LLC
Orla Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Permian Basin Holdings LLC
Phase II North Los Ramones (subscriber access)
Status: (subscriber access)
Parent Entities:
Gasoductos de Chihuahua S. de R. L. de C. V.
TAG Pipelines Norte, S. de RL de CV
BlackRock
First Reserve
Powder River Basin Gathering System Expansions (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Williams Partners L.P.
Powder River Basin Processing Plant (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Williams Partners L.P.
RIGS System (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
Willow Lake Natural Gas Processing Unit (subscriber access)
Status: (subscriber access)
Parent Entities:
Crestwood Equity Partners LP
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