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Lucid Energy Group LLC

About

Lucid Energy Group is the largest privately held natural gas processor in the Permian Basin, providing the full range of gas midstream services to more than 50 customers in New Mexico and West Texas. Lucid is supported by growth capital commitments from a joint venture formed by Riverstone Global Energy and Power Fund VI LP, an investment fund managed by Riverstone Holdings LLC, and investment funds managed by the asset management division of The Goldman Sachs Group Inc.

Editor's note: Updated March 25, 2021.

Headquarters Address

3100 McKinnon St., Suite 800
Dallas, TX 75201
United States

Transactions

Report Date Amount (MM) Description
2022-06-16 $3,550.00

Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal

Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal

Report Date Amount (MM) Description
2018-01-08 $1,600.00

Lucid Energy To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs For $1.6 Billion

Lucid Energy To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs For $1.6 Billion

Report Date Amount (MM) Description
2018-01-08 $1,600.00

Lucid Energy To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs For $1.6 Billion

Lucid Energy To Sell Delaware Basin Subsidiary To Riverstone Holdings, Goldman Sachs For $1.6 Billion

Report Date Amount (MM) Description
2017-06-05 --

Evolution Midstream To Acquire Powder River Gas Gathering Assets From Lucid

Evolution Midstream To Acquire Powder River Gas Gathering Assets From Lucid

Report Date Amount (MM) Description
2017-04-18 --

Centurion Midstream Acquires Oil Transport Business From Agave Energy

Centurion Midstream Acquires Oil Transport Business From Agave Energy

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2017-03-14 Lucid Energy Group Debt $1,450.00

Completed refinancing and expansion of its two senior revolving credit facilities. The additional…

Report Date Type Amount (MM) Description
2016-03-23 Lucid Energy Group II LLC - 2016-03-23 Equity $350.00

Midstream service company secured equity from EnCap Flatrock Midstream and its management team. Lucid…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

This content is locked until you subscribe

2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Bakshani: Midstream Exhibiting M&A Fever Symptoms

East Daley Analytics identified several market factors in the midstream sector that point to further consolidation ahead. 

Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal

Targa Resources’ acquisition of Lucid Energy in the Permian Basin from Riverstone Holdings and Goldman Sachs follows the company’s $200 million bolt-on of Southcross Energy earlier this year.

Lucid to Develop Largest CCS Project in the Permian Basin

Lucid Energy Group received EPA approval on Jan. 11 for its plan for the sequestering of CO₂ from its Red Hills gas processing complex in New Mexico’s Lea County.

Forty Under 40: Tim Magliaro, Lucid Energy Group

Today’s featured Forty Under 40 honoree is Tim Magliaro, vice president of business development at Lucid Energy Group who has over 15 years of energy industry experience including various land roles in both the midstream and upstream sectors.

Midstream Projects: Gulf Coast Leads the Way in Second Quarter

Many projects away from the coast, however, are beset by delays.

Lucid Energy Group Brings New Permian Basin Cryogenic Plant Onstream

The Red Hills V cryogenic processing plant marks the fifth major natural gas processing plant Lucid Energy Group has commissioned across its footprint in the Permian Basin since 2017.

Long-haul Capacity From The Permian Is Close To Pulling Even With Production

Some overshot is expected, but then a whole new set of pipes may be needed.

Lucid Inks XTO Pact; Plans New Delaware Basin Processing Plant

 Lucid is planning to develop its next cryogenic processing plant, Red Hills V, following the anticipated commissioning of the 230 MMcf/d Red Hills IV plant in October.

Midstream Texas: Driving The Delaware (2019)

If the Permian’s Midland Basin is hot, the Delaware must be sizzling.

On The Move

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