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Midstream update

With $450 million committed to date, and a recently-signed exclusive agreement with a major oil producer in the Eagle Ford, EVX Midstream Partners is…

Macquarie Backs Lagoon for Anadarko Growth

In what is one of the largest single private equity commitments to the US oilfield water midstream market to date, investment firm Macquarie Infrastructure Partners announced this week that it will commit up to $500 million to Oklahoma water midstream outfit Lagoon Water Solutions.

The investment will support the build-out of oilfield water infrastructure to serve producers in Oklahoma’s Anadarko Basin, where Lagoon expects to expand its existing assets by the end of this year to include more than 350,000 bbl/d of disposal capacity and 150 miles of water-gathering pipeline.

Another Acquisition Vehicle Gets Funding

EnCap Flatrock Midstream committed $200 million to fund Houston-based start up Condor Midstream in late August. It intents to buy or build midstream infrastructure in as yet unspecified North American basins.

The deal follows Apollo Global Management’s decision to commit $200 million to Freestone Midstream Holdings, which pursuing a similar strategy in Wyoming’s Powder River Basin.

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