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Lotus Midstream, LLC

Company Summary

Description

Based in Sugar Land, Texas, Lotus Midstream is an independent energy company focused on the organic development of midstream infrastructure and services necessary to transport crude oil and condensate from the wellhead to market. Lotus also is pursuing strategic acquisition opportunities. The company’s mission is to leverage the management team’s thorough understanding of the crude oil value chain to identify optimal markets for supply and demand to maximize producer netbacks. Lotus Midstream is backed by a $400 million capital commitment from EnCap Flatrock Midstream.

Website

http://www.lotusmidstream.com/

Operational Regions

  • Permian Basin
  • Midcontinent

Related Entities

Recent news

  • 3/27/2023 - Energy Transfer... (subscriber access)
  • 1/22/2020 - Centurion Completes... (subscriber access)
  • 8/20/2019 - Lotus Midstream... (subscriber access)
  • 5/8/2019 - MPLX Signs LOI to... (subscriber access)
  • 2/6/2019 - Plains All American... (subscriber access)

Company Transactions

Date: 9/30/2018
Type: Acquisition

BUYERS:
  • Lotus Midstream, LLC
    • SELLERS:
  • Occidental Petroleum Corporation
  • Centurion Pipeline L.P.
    • ASSETS:
  • Centurion Pipeline
    • DETAILS:
    NOTES:
    Lotus Midstream has entered into a deal to acquire the Centurion Pipeline System from Occidental Petroleum. The transaction is scheduled to close in the third quarter of 2018. The system includes 3,000 miles of crude oil pipelines across the Permian Basin in New Mexico and West Texas, as well as two storage terminals with 7 million barrels of capacity and 125 truck stations.
    REGIONS:
  • Permian Basin