Deals - Joint Ventures | Private Equity | Capital Markets | Contract Awarded
WhiteWater, WTG Ink NGL Takeaway Deal with with MPLX
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WhiteWater Midstream and West Texas Gas, Inc. (WTG) have formed a JV to provide natural gas liquids (NGLs) takeaway capacity from MPLX LP and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, TX.
The JV is supported by volumes from key processing plants with long-term commitments from top-tier Permian producers.
As part of this NGL transportation solution, the JV has entered into multiple capacity arrangements from Orla, TX to Sweeny, TX including an agreement with EPIC Y-Grade Pipeline LP (EPIC) to own an undivided joint interest (UJI) in EPIC’s existing 24” NGL pipeline from West Texas to the Eagle Ford Basin.
WhiteWater Midstream’s Investment in the JV is backed by Ridgemont Equity Partners, Denham Capital Management and the Ontario Power Generation Inc. Pension Plan.
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