One-Page Deal Sheet
Navitas Midstream Picks Up Permian Gas Gathering, Pipeline Assets
Navitas Midstream Partners LLC DCP Midstream LP
Announced Date
September 01,2015
Close Date
September 01,2015
Transaction Type
Asset
Location
Region
Permian - Northern Midland Basin
Country
United States
State
Texas
County
Martin ,Midland ,Glasscock
Play
Transaction Details: Require Private Equity Subscription
Navitas Midstream Partners, LLC has acquired natural gas gathering and processing assets serving Martin, Midland and Glasscock counties in Texas from a subsidiary of Denver-based DCP Midstream, LLC.
The assets acquired include approximately 1,000 miles of low and high pressure natural gas gathering pipelines and a cryogenic processing plant, which has capacity in excess of 60 million cubic feet per day.
R. Bruce Northcutt, Founder and Chief Executive Officer of Navitas, said: "We are excited to acquire such an extensive footprint, which is in the core of the Midland Basin and will provide the…
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