Bluewing Midstream receives $100M commitment from Energy Spectrum

Bluewing Midstream LLC has secured an initial equity commitment of $100 million from Energy Spectrum Partners VII LP and members of the Bluewing management team. The company plans to use the capital to acquire and develop oil and gas terminaling and transportation assets, with an initial focus on the Gulf Coast. Bluewing Midstream LLC was formed in July and is headquartered in Houston, Texas.

The Bluewing team is led by Todd Reid, who brings over 20 years of energy industry experience, leading private and public organizations. Joining Reid on the Bluewing management team are founding partners Amanda Luckey (vice president of commercial operations) and Leonard Waguespack (vice president of midstream operations).

“The US Gulf Coast terminaling and transportation space represents a unique opportunity in the current energy market,” Reid said. “Our initial focus is pursuing strategic acquisitions, as well as contracted greenfield projects, along the Texas and Louisiana coastal waterways.”

Bluewing Midstream was advised by Vinson & Elkins. Energy Spectrum was advised by Jackson Walker LLP.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...