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EagleClaw Midstream Ventures to Acquire PennTex Permian

EagleClaw Midstream LLC Penntex Midstream Partners LLC
AnnouncedAug 27, 2016
TypeCorporate
LocationDelaware Basin
Announced Date
August 27,2016
Transaction Type
Corporate




Snapshot
Location
Region
Permian - Delaware Basin

Country
United States

State
Texas

County
Reeves

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Transaction Details:  Require Private Equity Subscription

EagleClaw Midstream Ventures, LLC (“EagleClaw”) announced today that the company has entered into a definitive agreement to acquire PennTex Permian, LLC (“PennTex Permian”) a wholly owned subsidiary of PennTex Midstream Partners, LLC.

Primarily located in Reeves County, Texas, PennTex Permian’s assets include a cryogenic processing plant with the capacity to process 60 million cubic feet of natural gas per day (MMcf/d), approximately 90 miles of gathering pipeline and approximately 35 miles of condensate pipeline. PennTex Permian’s assets are supported by long-term dedications of more than…

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