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In addition to deals between publicly traded midstream players, private equity companies have been cashing in on the M&A boom by selling their midstream holdings. Lotus, WTG, Pinon, and Medallion ...
Its recent acquisition of WTG Midstream will add $0.04 to its cash flow per unit this year and $0.07 to its bottom line by 2027. Western Midstream plans to use its growing free cash flow to ...
The MLP closed deals for Lotus Midstream ($1.5 billion in May 2023), Crestwood Equity Partners ($7.1 billion in November 2023), and WTG Midstream ($3.1 billion in July 2024), which helped enhance ...
The company was founded by Kelcy Warren and Ray Davis in 1996. [2] In 2011, Energy Transfer and Regency Energy Partners formed a joint venture to purchase midstream assets from Louis Dreyfus Highbridge Energy for $2 billion, [7] now known as Castleton Commodities International.
In addition Total had other significant equity holdings amounting to about 3bn euros, treated as investments and was involved in a number of significant joint ventures, mostly relating to LPG and LNG exploration, production and shipping.
It recently acquired WTG Midstream in a $3.1 billion deal. The highly accretive transaction will boost its cash flow through 2027. Before that, the company acquired Lotus Midstream and fellow MLP ...
In 2017, the company completed the corporate spin-off of its midstream operations. [5] [6] The same year, Oasis Petroleum acquired 20,300 net acres in the Delaware Basin for $946 million. [7] [8] [9] It sold these assets in 2021. [10] In September 2020, the company filed prematurely for Chapter 11 bankruptcy; it emerged from bankruptcy in ...
It acquired WTG Midstream in July. The MLP expects that highly accretive deal to increase its distributable cash flow by $0.04 per unit this year, increasing to $0.07 by 2027.