One-Page Deal Sheet
Navitas Acquires Permian-Midland Midstream Assets from Apache
Navitas Midstream Partners LLC Apache Corp
Announced Date
December 03,2015
Close Date
December 03,2015
Transaction Type
Asset
Location
Region
Permian - Northern Midland Basin
Country
United States
State
Texas
County
Midland ,Upton
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Transaction Details: Require Private Equity Subscription
Navitas Midstream Partners, LLC has acquired natural gas gathering and processing assets serving Midland and Upton counties in Texas from a subsidiary of Apache Corporation. Terms of the transaction were not disclosed.
The assets acquired include approximately 114 miles of low and high pressure natural gas gathering pipelines ranging in size from 2-inches to 12-inches in diameter and a cryogenic processing plant, which has capacity of approximately 30 million cubic feet per day.
"We are excited to further expand our footprint in the core of the Midland Basin with an active, high quality…
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