Warren Equity Partners and Multifuels establish new midstream company

Warren Equity Partners, a middle market private equity firm, has partnered with Multifuels LP to build a midstream pipeline platform. As part of the transaction, Multifuels is contributing an existing natural gas pipeline that supplies a utility service area in Texas, and Warren Equity is contributing $20 million of cash and equity commitments.

Multifuels Midstream Group will own, operate, and develop midstream projects in North America, with an emphasis on lateral distribution pipelines. These laterals will transport natural gas from main lines to end users, such as utilities and petrochemical plants, under long-term contracts that are not exposed to fluctuations in the price of oil and gas.

Multifuels Midstream Group is headquartered in Houston, Texas, and will be led by a management team that is experienced in the development of pipelines, gathering systems, and storage assets in the oil and gas industry. Randy Gibbs will be the CEO of the company, and Dick Robinson, Gil Muhl, and Jim Ducote will form the remainder of the management team.

The new company will execute on an existing portfolio of development projects that capitalizes on the US trend toward increased utilization of natural gas in power plants, petrochemical plants and industrial complexes; growth in the number of residential households accessing natural gas through local distribution companies; and increased export opportunities through LNG facilities. The company’s projects are being developed under long-term contracts with creditworthy counterparts.

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


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 ...