Sage Midstream gets $500 million commitment

Privately held Sage Midstream Ventures LLC, Houston, has received a commitment of $500 million from private equity firm Stonepeak Infrastructure Partners for investment in North American energy projects.

Sage Midstream said it “will pursue acquisition and development opportunities across the hydrocarbon value chain, including natural gas, natural gas liquids, crude oil, petrochemicals, and refined products, with a broad focus on transportation, processing, fractionation, storage, and marketing services.”

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