One-Page Deal Sheet
PDC Sells Midstream Gas Assets to EagleClaw for $182MM
EagleClaw Midstream LLC PDC Energy, Inc.
Announced Date
May 08,2019
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
In its Q1 2019 report, PDC Energy reported that it is selling its gas-related midstream assets, including long-term future gathering and processing rights, to EagleClaw Midstream for total proceeds of approximately $182 million.
EagleClaw is backed by PE firm EnCap Flatrock Midstream.
The transaction is composed of an initial $100 million payment at closing and an unconditional payment due one year after closing of approximately $82 million.
Deal Also Secures Capacity on Delaware Basin System with EagleClawThe agreement provides PDC with long-term flow assurance via Eagleclaw’s current…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-25-2022 |
-  |
- |
Click here | New Mexico | Midstream |
| Feb-26-2020 |
- |
- |
Click here | Texas | Midstream |
| Dec-20-2019 |
- |
- |
Click here | Texas | Midstream |
| Nov-15-2019 |
- |
- |
Click here | Texas | Midstream |
| Aug-01-2019 |
- |
- |
Click here | New Mexico | Midstream |