Midstream - Gas Gathering | Midstream - Processing Plant
Warbug Looking to Sell Navitas Midstream for $3.0 Billion
Email
Print 
Bookmark
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.
Assets
Spraberry Gathering System
Crane Gathering System
Howard County Gathering System
Related Categories :
Midstream - Gas Gathering
More Midstream - Gas Gathering News
-
Montage Adjusts Gas Gathering Contracts; Adds to Hedges
-
Phillips 66 Talk Projects Update; Gray Oak, Bakken, DJ Basin -
-
Elevation Midstream IDs 2020 Budget; Puts Badger Gathering Facility Online
-
DCP Talk Permian Gas Pipeline, GCX, DJ Basin Gathering & Processing
-
Five Point-Backed San Mateo Signs Permian Gas Gathering Agreement
Permian - Midland Basin News >>>
-
Ring Energy Second Quarter 2020 Results
-
Operators Outline 2H20 Permian Rig, Frac Spread / Crew Activity
-
Permian Basin Pure Player, To Resume Compling DUCs, D&C Program -
-
Earthstone Energy Second Quarter 2020 Results -
-
Pioneer Natural Resources Second Quarter 2020 Results
