One-Page Deal Sheet
PE-Backed Canes Midstream Acquires Permian-Focused Cogent Midstream
Canes Midstream LLC Cogent Midstream
Announced Date
May 25,2022
Close Date
May 25,2022
Transaction Type
Corporate
Location
Region
Permian - Midland Basin
Country
United States
State
Texas
County
Reagan ,Irion
Play
Transaction Details: Require Private Equity Subscription
Canes Midstream LLC has acquired Cogent Midstream LLC, who was previously named Lucid and was backed by Encap Flatrock Midstream.
The purchase price was not disclosed.
Canes Midstream is a portfolio company of EIV Capital and Denham Capital.
Cogent's AssetsThe Cogent assets, located in the Southern Midland Basin, include:
520 million cubic feet per day of processing capacity over 800 miles of pipelines 42 compressor stations a crude oil gathering system, and substantial acreage dedications from a diverse group of Midland Basin-focused producers.The Cogent system spans 10 counties…
Permian - Midland Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-22-2022 |
-  |
- |
Click here | Texas | Midstream |
| Nov-06-2019 |
- |
- |
Click here | Texas | Midstream |
| Oct-03-2019 |
- |
- |
Click here | Texas | Midstream |
| Dec-18-2018 |
- |
- |
Click here | Texas | Midstream |
| Oct-02-2017 |
- |
- |
Click here | Texas | Midstream |