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Outrigger Energy II LLC

Company Summary

Description

Outrigger Energy II 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 Rockies, Permian, and Mid-Continent areas.

Website

https://www.outriggerenergy.com/

Operational Regions

  • DJ Basin
  • Rockies
  • Permian Basin
  • Midcontinent

Related Entities

Recent news

Company Transactions

Date: 12/31/2022
Type: Acquisition

BUYERS:
  • Summit Midstream Partners, LP
    • SELLERS:
  • Outrigger Energy II LLC
  • Sterling Investment Holdings LLC
  • Sterling Energy Investments LLC
  • Grasslands Energy Marketing LLC
  • Centennial Water Pipelines LLC
    • ASSETS:
  • Outrigger Energy DJ Basin Gathering & Processing System
  • Sterling DJ System
  • Outrigger Crude Oil Gathering System
    • DETAILS:

    COST: 305 $MM

    NOTES:
    Summit Midstream has signed a deal with Outrigger Energy II to acquire the Outrigger DJ Midstream LLC entity and with Sterling Investment Holdings to buy Sterling Energy Investments LLC, Grasslands Energy Marketing LLC and Centennial Water Pipelines LLC. The assets will be purchased for a total aggregate price of $305 million in cash. Closing is targeted for 4Q22.
    REGIONS:
  • DJ Basin