Tailwater Raises $1 Billion for Pipelines

U.S. energy-focused private equity firm, Tailwater Capital, announced Tuesday it has raised $1 billion for its biggest fund to date, betting on growing demand from the midstream sector, Kallanish Energy reports. The firm closed its Energy Fund III with a hard-cap of $900 million and raised a $100 million co-investment for a platform company in the fund. Since its launching in 2013, the firm raised more than $2.7 billion across its funds and co-investments, but the latest fund was the largest. “Tailwater will continue to focus on acquiring and growing midstream assets as well as participating in non-operated upstream opportunities in select basins, through the firm's E&P Opportunity funds,” it said in a statement. The deal shows how private equity firms are looking to invest in pipeline midstream assets amid ongoing bottlenecking and under capacity, straining crude oil areas such as the Permian Basin. Tailwater, which has six platform companies, didn’t specify where it would target investments. Edward Herring, co-founder and managing partner of Tailwater, said Energy Fund III allow the energy buyout firm to continue building leading companies in the midstream sector. “As evidenced by our deployment so far, there are unparalleled opportunities to put capital to work addressing the significant demands for midstream infrastructure,” he said. The portfolio of the Dallas-based firm includes Align Midstream, Copperbeck Energy Partners, Cureton Midstream, Valiant Midstream, amongst others. It also has two upstream platforms – Blackbrush Oil and Gas and Pivotal Petroleum Partners. Joseph F. Barone ShaleDirectories.com 610.764.1232 jbarone@shaledirectories.com www.shaledirectories.com

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H2O Midstream completes 1st truckless, produced water hub In Texas

H2O Midstream has completed construction of the first commercial, "truck-free," produced-water storage and disposal hub in Texas. The Railroad Commission of Texas issued H2O Midstream a commercial permit for one million barrels of storage, just the second such permit issued by the Railroad Commission, and the first for a facility serviced entirely by pipelines, Kallanish Energy learns. A new 35,000-barrel-per-day deep disposal well is co-located with the storage. Located in Howard County, in the Permian Basin, the produced water hub consists of two 500,000-barrel ponds connected to a network of 10 disposal wells totaling 220,000 BPD of capacity via a 130-mile pipeline network. "This is an important step forward for the water midstream industry and demonstrates H2O Midstream's long-term commitment to improving environmental and safety conditions through the use of permanent infrastructure and interconnected water gathering, disposal, reuse and storage facilities," said Jim Summers, company CEO. The newly built water hub provides multiple benefits to producers in the area, including enhanced reliability, peak flowback management, and centralized storage for produced water reuse, according to H2O Midstream. Joseph F. Barone ShaleDirectories.com 610.764.1232 jbarone@shaledirectories.com www.shaledirectories.com

https://www.shaledirectories.com/blog/h2o-midstream-completes-1st-truckless-produced-water-hub-in-texas/