Permian Midstream M&A Mania

Delek Logistics acquires H2O Midstream for $230MM; Trace Midstream acquires LM Energy's Delaware Basin natgas system; Oil production scales heighten, Texas E&P jobs disappear; California proposes state takeover of oil refineries.

Author

Rob Quigley
August 07, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

Delek Logistics acquires H2O Midstream for $230MM.

Delek Logistics Acquires EIV’s H2O Midstream for $230MM

Delek Logistics acquired H2O Midstream, a portfolio company of EIV Capital and the largest pure-play water midstream company in the Permian Basin, with more than 250 miles of pipe.

www.hartenergy.com/exclusives/delek-logistics-acquires-eivs-h2o-midstream-230mm-210040

Trace Midstream acquires LM Energy's Delaware Basin natgas system.(hartenergy)

Oil production scales heighten, Texas E&P jobs disappear.(hartenergy)

California proposes state takeover of oil refineries.(californiaglobe)

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

Daily Headlines

  • California proposes state takeover of oil refineries.(californiaglobe)

  • Oil production scales heighten, Texas E&P jobs disappear.(hartenergy)

  • Petrobras makes natural gas discovery off Colombia's coast.(oilprice)

Deal Flow

M&A/Investment

  • Delek Logistics acquires H2O Midstream for $230MM.(hartenergy)

  • Trace Midstream acquires LM Energy's Delaware Basin natgas system.(hartenergy)

  • Enverus acquires BidOut, enhancing AI-powered procurement.(enverus)

  • TotalEnergies exits Pakistan JV, Gunvor Group takes over.(hartenergy)

  • Emera sells New Mexico Natural Gas Co. to Bernhard for $750MM.(hartenergy)

IPO/Direct Listing/Issuances/Block Trades

  • Northern Oil and Gas insiders sell $58M of stock.(simplywall)

Debt

  • Equatorial Guinea and Trafigura discuss $2B financing deal.(worldoil)

SPAC

  • No deals fit this criteria.

Bankruptcy/Restructuring/Distressed

  • No deals fit this criteria.

Fundraising

  • Energy Domain closes $5MM Series A round, finalizes data platform.(businesswire)

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