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3Bear Energy, LLC

Company Summary

Description

3Bear is a Denver based, private, full service midstream energy company specializing in greenfield project development with more than 200 years of collective experience and a proven track record of innovative, cost-effective solutions for oil, water and natural gas production. With backing from long term partner GSO Capital Partners, 3Bear is well capitalized and positioned for growth. 3Bear is focused on developing midstream infrastructure for Permian and Rockies Producers.

Website

http://3bearllc.com/

Operational Regions

  • Delaware Basin
  • Permian Basin
  • Rockies

Related Entities

Recent news

  • 4/11/2022 - Delek Logistics... (subscriber access)
  • 12/19/2018 - 3Bear Energy Contructing... (subscriber access)
  • 12/19/2018 - 3Bear Energy Reaches... (subscriber access)
  • 12/19/2018 - 3Bear Energy Expanding... (subscriber access)
  • 12/19/2018 - 3Bear Energy... (subscriber access)

Company Transactions

Date: 6/30/2022
Type: Acquisition

NOTES:
Delek Logistics Partners has signed an agreement to acquire a 100% stake in 3Bear Delaware Holding – NM from 3Bear Energy for $624.7 million in cash. The deal includes 3Bear's crude oil and gas gathering, processing and transport business in the Delaware Basin of New Mexico, along with the water disposal and recycling operations. Delek will operate the assets through a new subsidiary - DKL Delaware Gathering, LLC. The asset base includes "485 miles of pipelines, 88 million cubic feet per day of cryogenic natural gas processing capacity, 120 MBbl of crude storage capacity and 200 MBbl/d of water disposal capacity."
REGIONS:
  • Delaware Basin