Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Midstream - Gas Gathering | Midstream - Processing Plant

Warbug Looking to Sell Navitas Midstream for $3.0 Billion

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Wednesday,October 24,2018

Private equity giant Warbug Pincus is looking to sell Navitas Midstream Partners, according to a report by Bloomberg.  

According to the report, the PE firm is hoping to get $3 billion for the Navitas's assets.

Navitas is said to have hired Jefferies to run the process of locating a buyer.

As you might remember, Navitas was founded by Bruce Northcutt, along wtih $500 million equity commitment from Warbug back in 2014.  Northcutt previously served as President of Copano Energy LLC, that was later sold to Kinder Morgan in 2013 for 5 million. 

Navitas, according to the company website has 1600 miles of natural gas gathering pipelines as well as processing facilities.



Spraberry Gathering System

Crane Gathering System

Howard County Gathering System

Related Categories :

Midstream - Gas Gathering   

More    Midstream - Gas Gathering News

Permian - Midland Basin News >>>