•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Wildcat Midstream Holdings secures equity investment from Highstar Capital

    Wildcat Midstream Holdings LLC announced Jan. 21 that it has entered into an agreement with Highstar Capital IV, LP, whereby Highstar has acquired a 50% interest in Wildcat from Liberty Energy Holdings, LLC, and Wildcat’s management team. Together, this group will dedicate significant capital toward the continued development and expansion of Wildcat’s midstream infrastructure in North Louisiana and West Texas.

    Wildcat was founded in 2011 by Chris Rozzell, Mike Davis and David Miller in partnership with Liberty Energy. In North Louisiana, Wildcat currently operates a cryogenic processing facility with a design capacity of 140 MMcf/d and 400 gpm of amine treating, which is expected to be in full service by the second quarter of 2013. In West Texas, Wildcat is constructing a 40-mile crude-gathering and storage system in Crockett and Reagan counties, which is anticipated to be in service in the first quarter of this year.

    “My partners and I are excited to have the continued support of Liberty Energy and the new involvement of Highstar Capital, both of whom share our producer-first philosophy,” Rozzell said. “With their combined backing, we look forward to the aggressive build-out of our North Louisiana rich-gas processing and West Texas crude-gathering infrastructure to provide producers with access to higher-value markets.”

    Sean O’Neill, managing director of Liberty Energy, said, “Our enthusiasm for these projects stems from Wildcat’s multi-year efforts to successfully identify and construct value-added midstream projects for its customers. Mike Davis, David Miller and Chris Rozzell bring long-term vision and execution skills drawn from a broad base of midstream industry experience, and their relationships are central to expanding this midstream platform.”

     

     

    Most Popular

    Related Articles

    MRC Global closes sale of Series A convertible perpetual preferred stock

    06/11/2015 MRC Global Inc., which provides pipe, valves, and fittings (PVF) and related products and services to the energy industry, has closed its offering of Series A convertible perpetual preferred stock ...

    SandRidge closes notes offering, restates revolving bank credit facility

    06/11/2015 SandRidge Energy Inc. has closed its private offering of $1.25 billion in aggregate principal amount of senior secured notes due 2020. The notes were issued at par and bear interest at a rate ...

    EVEP closes Utica East Ohio divestment for $575 million

    06/11/2015 EV Energy Partners LP has closed the sale of its entire 21% interest in Utica East Ohio Midstream LLC (UEO), to Utica Gas Services LLC, a subsidiary of Williams Partners LP, and M3 Ohio Gathering L...

    SM Energy begins exchange offer for $600M senior notes

    06/10/2015 SM Energy Co. has begun an offer to exchange all of its outstanding $600 million 6.125% senior notes due 2022, which have been registered under the Securities Act of 1933, in exchange for its outst...

    ENERGY PLAYERS

    06/09/2015

    INDUSTRY BRIEFS

    06/09/2015

    More Oil & Gas Financial Articles

    MRC Global closes sale of Series A convertible perpetual preferred stock

    Thu, Jun 11, 2015

    MRC Global Inc., which provides pipe, valves, and fittings (PVF) and related products and services to the energy industry, has closed its offering of Series A convertible perpetual preferred stock to an affiliate of Cornell Capital LLC for $363 million. 

    SandRidge closes notes offering, restates revolving bank credit facility

    Thu, Jun 11, 2015

    SandRidge Energy Inc. has closed its private offering of $1.25 billion in aggregate principal amount of senior secured notes due 2020. The notes were issued at par and bear interest at a rate of 8.75% per annum. 

    EVEP closes Utica East Ohio divestment for $575 million

    Thu, Jun 11, 2015

    EV Energy Partners LP has closed the sale of its entire 21% interest in Utica East Ohio Midstream LLC (UEO), to Utica Gas Services LLC, a subsidiary of Williams Partners LP, and M3 Ohio Gathering LLC, for total cash consideration of $575 million. EVEP's net capital contribution to UEO was approximately $294 million. 

    SM Energy begins exchange offer for $600M senior notes

    Wed, Jun 10, 2015

    SM Energy Co. has begun an offer to exchange all of its outstanding $600 million 6.125% senior notes due 2022, which have been registered under the Securities Act of 1933, in exchange for its outstanding $600 million 6.125% senior notes due 2022, which were issued on Nov. 17, 2014, in a private placement.


    ENERGY PLAYERS

    Tue, Jun 9, 2015

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ