Piñon Midstream LLC
About
Piñon Midstream LLC was formed in 2020 by midstream veterans Steven Green and Justin Bennett to provide a viable solution to the sour gas problem in the northeastern Delaware Basin. Formed with financial backing from Black Bay Energy Capital and supported by underwriting commitments from Ameredev II, Piñon delivers a full menu of sour gas services that include field gathering and compression, sour condensate stabilization and marketing, amine treating for removal of H2S and CO2, H2S and CO2 geologic sequestration, and high-pressure delivery of treated sweet gas to multiple area third-party processing plants.
Editor's note: Updated Nov. 18, 2021.
Headquarters Address
20445 SH 249, Suite 300
Houston, TX 77070
United States
Website
www.pinonmidstream.comMain Phone Number
Transactions
Enterprise Completes Acquisition of Piñon Midstream
Enterprise Completes Acquisition of Piñon Midstream
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News
Matador Slashes Debt with $113MM Piñon Midstream Payout
Enterprise Products Partners closed its purchase of Piñon Midstream for $950 million on Oct. 28, earning Matador Resources $113 million for its roughly 19% ownership interest.
Enterprise Closes $950MM Acquisition of Delaware’s Piñon Midstream
Enterprise Products Partners acquisition of Piñon Midstream expands Enterprise’s New Mexico Delaware Basin footprint with sour-gas processing.
Matador Offers $750 Million in Senior Notes Following Ameredev Deal
Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.
‘Knife Fight’ for NGLs Driving Midstream Mergers in 2024
The latest acquisitions in the midstream sector are focusing on natural gas gathering and processing to secure a spot in the lucrative NGL market.
Enterprise Expands Delaware Position With $950MM Piñon Purchase
Enterprise Products Partners’ cash deal to acquire Piñon Midstream for $950 million offers sizeable gas treatment facilities in the Permian Basin.
Same Game, Fewer Players: Midstream M&A Stands Apart from E&P Sector
The midstream M&A market typically follows the E&P sector by a few months. But some aspects of the market are different this time around.
EPA Approves Piñon Midstream Plan for CO2 Storage Project in New Mexico
Piñon Midstream’s two wells at its Dark Horse Treating Facility will inject greenhouse gases permanently underground.
Expanding Gas Processing Capacity May Increase Permian Crude
The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.
Piñon Midstream Increases Delaware Basin Sour Gas Treating Capacity
Piñon Midstream plans to expand operations at Lea County, New Mexico, facility, the company said.
Forty Under 40: Justin Bennett, Piñon Midstream
Today’s featured Forty Under 40 honoree is Justin Bennett, who helped form Piñon Midstream in 2020 to provide a viable solution to the sour gas problem in the northeastern Delaware Basin.