Navitas Midstream buys more Midland basin gathering, processing assets

Navitas Midstream Partners LLC has acquired natural gas gathering and processing assets serving Midland and Upton counties in Texas from a subsidiary of Apache Corp. Terms of the deal were not disclosed.

The assets acquired include 114 miles of 2-12-in. low-pressure and high-pressure (LPHP) gas gathering lines, and a 30-MMcfd cryogenic processing plant.

The deal follows the acquisition of assets in Martin, Midland, and Glasscock counties from DCP Midstream LLC in September. Those assets included 1,000 miles of LPHP gas gathering lines and a 60-MMcfd cryogenic processing plant.

Navitas was formed in The Woodlands, Tex., during 2014 “to develop, acquire, and operate midstream assets across multiple basins in North America.” It received a line-of-equity investment of as much as $500 million from an affiliate of private equity firm Warburg Pincus, which sponsored both Midland basin deals (OGJ Online, June 5, 2014).

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 ...