
The Gateway Pipeline is connected to WhiteWater’s Agua Blanca pipeline system and extends approximately 24 miles north from Reeves County, Texas, into the Carlsbad Area of New Mexico. (Source: Hart Energy)
WhiteWater Midstream LLC acquired Sendero Midstream Partners LP’s Gateway Pipeline, one of the residue gas outlets of the Sendero Carlsbad gathering and processing system serving producers in the northern Delaware Basin of the Permian.
Austin, Texas-based WhiteWater acquired the 24-inch Gateway Pipeline from Sendero for an undisclosed amount, according to a company release on Aug. 26.
The Gateway Pipeline is connected to WhiteWater’s Agua Blanca pipeline system and extends approximately 24 miles north from Reeves County, Texas, into the Carlsbad Area of New Mexico. Gateway has been in service since second-quarter 2020, according to Sendero’s website.
The Agua Blanca pipeline system is a Delaware Basin intrastate natural gas pipeline operated through a joint venture between WhiteWater and MPLX. The system consists of over 200 miles of large diameter pipelines with a system capacity of about 3 Bcf/d and services portions of Culberson, Loving, Pecos, Reeves, Ward and Winkler counties in West Texas.
WhiteWater’s investment in Agua Blanca is led by First Infrastructure Capital.
Founded in 2016, WhiteWater has partnered with multiple private equity funds and direct investors since its inception.
Sidley Austin LLP is representing WhiteWater Midstream in its acquisition of Sendero’s Gateway Pipeline. The Sidley deal team is co-led by partners Tim Chandler and Ken Irvin.
Recommended Reading
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
2025-01-31 - Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.
Utica’s Infinity Natural Resources Seeks $1.2B Valuation with IPO
2025-01-21 - Appalachian Basin oil and gas producer Infinity Natural Resources plans to sell 13.25 million shares at a public purchase price between $18 and $21 per share—the latest in a flurry of energy-focused IPOs.
Italy's Intesa Sanpaolo Adds to List of Banks Shunning Papua LNG Project
2025-02-13 - Italy's largest banking group, Intesa Sanpaolo, is the latest in a list of banks unwilling to finance a $10 billion LNG project in Papua New Guinea being developed by France's TotalEnergies, Australia's Santos and the U.S.' Exxon Mobil.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.